Car Loan vs Lease vs Cash Calculator (net cost over the same period)

How it works

All three are compared over the lease term N. Cash: price − car value at the end + interest your cash would have earned, P × ((1 + s)^N/12 − 1). Loan: price + loan interest paid during N months − car value at the end + interest lost on the down payment (any loan balance left is paid off from the car’s value). Loan payment = A × i ÷ (1 − (1 + i)^−L), i = rate ÷ 12. Lease (return the car): advance payment + monthly payments × N + interest lost on the advance and the deposit; the deposit comes back. Insurance, car tax and maintenance are left out — add them where they differ (many leases include car tax).

⚠ Estimates for information only — not financial advice.

FAQ

Why does the lease look expensive here?

With a lease you never own the car, so you get no resale value back. Leasing can still suit you if you change cars often, run it through a business, or value fixed monthly costs — this page only compares money.

What if I buy the car at the end of the lease?

Add the buy-out (residual) price to the lease cost and subtract the car’s value at that time; the result then compares like with like.

Checked 11 Nov 2026. Loan and opportunity-cost arithmetic: standard annuity formula and compound interest. Lease terms (advance payment 선수금, deposit 보증금, residual value) as defined in the lease quote you receive; car value at the end is your own estimate.