What is a money factor?

The money factor is a lease-specific interest rate. Multiply it by 2400 to convert to an approximate APR.

What is residual value?

Residual value is the estimated worth of the leased item at the end of the lease term. A higher residual lowers your monthly payment.

Does this include taxes or fees?

No. This calculator focuses on the core financial comparison. Add taxes, registration, or acquisition fees manually.

Which is usually cheaper — loan or lease?

Leasing typically has lower monthly payments but you own nothing at the end. Buying costs more per month but builds equity.

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Loan vs. Lease Calculator

Compare the total cost of buying (loan) versus leasing a car or equipment.

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Enter your loan and lease parameters side-by-side and instantly see which option costs less over the full term. The calculator compares total out-of-pocket cost, effective monthly payment, and shows a break-even point when the two options have equal cost. Covers down payments, interest rate (APR), money factor, residual value, and term length.

使い方

1 Enter your loan details: vehicle price, down payment, annual interest rate, and term in months.
2 Enter your lease details: monthly payment, down payment, lease term, residual value, and money factor.
3 Click Calculate to see the full comparison table.
4 Review total costs, monthly payments, and the break-even analysis to decide which option fits your budget.

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