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Buy vs. Lease Car
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Make & Model:
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LEASE
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BUY
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Suggested retail price
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Suggested retail price
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Tax, title, etc.
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Tax, title, etc.
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Refundable security deposit
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First month's payment
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Capital cost reduction payment
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Down payment
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Last month payment in advance?
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Payment (if yes)
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Selling price at end of lease
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Resale value??
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Monthly lease payment
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Monthly loan payment
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Lease term
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Term of loan
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Discount for present value
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Loan rate
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Future value of last payment
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Present value of resale
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Initial costs
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Initial costs
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Financing costs
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Financing costs
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Present value of refund
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Present value of total costs
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Present value of total costs
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DIFFERENCE
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??Note: Positive value favors leasing.
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TAXATION
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Tax bracket
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Business use percentage
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Sales tax percentage
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TAXATION
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LEASE
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TAXATION
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BUY
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Title
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Title
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Fees
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Fees
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Sales tax
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Sales tax
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Potential financing deduction
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Interest deduction
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Total potential deductions
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Total potential deductions
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Potential tax savings
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Potential tax savings
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Note: Depreciation deductions may be available that could change
the results of this analysis.
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