|Total Cost to Lease a New Vehicle versus Buying a
|People often times comparing leasing a new
vehicle with purchasing a used vehicle make the mistake of only comparing the
lease payment with their monthly loan payment. In reality, there are
several other factors that affect the total cost of ownership. In most
cases new vehicles will get better gas mileage than older ones. With the
high cost of gas, this difference can have a bigger effect than you think.
A newer vehicle will also have higher insurance costs and property taxes, but
will have lower repair and maintenance costs.
The only way to really make a fair comparison is to run a comprehensive
analysis. Our calculator enables you to enter all of the applicable
variables and allows you to make an informed decision.
|Start entering your information and the
calculator will automatically update each time you enter or change your data