Our collection of car lease and loan calculators.

OWNERSHIP

While the buying or leasing a new or used car seems like a common occurrence, it is a big decision. For most of us, it is the second largest purchase we will ever make during our lifetimes – and, on average, we will make this decision six times.

Adding to the complexity of this decision, a car depreciates in value over time, unlike a new home. That means the vehicle will be less valuable when it is eventually sold – something that should be carefully considered when buying a car.

LOANS VERSUS LEASING

The choice between taking out a new car loan or leasing is a important decision. Taking out a loan can mean monthly repayment costs, but you eventually own an asset. Leasing a car will lower your monthly payments, but you can fall into this cycle of always paying for a vehicle.

Car lease or loan calculators can help you compare these options, gain a better understanding of your monthly payments, or even figure out how much you can afford to spend on new or used car.

automobile

I’ve always been asked, ‘What is my favorite car?’ and I’ve always said ‘The next one.’

Carroll Shelby – American automotive designer