Buying wins if you keep the car
Leasing costs less short-term but leaves you with no asset. Buy and drive for 8+ years = by far the cheapest per-mile transportation.
Lease vs. buy calculator
Total 5-year cost of leasing versus buying a car, including depreciation and interest.
Results
Better option
Lease
Buy net cost
$26,686.52
Lease total
$18,700.00
Buy $/month (owning)
$444.78
Lease $/month (all-in)
$519.44
Frequently asked questions
1.When does leasing make sense?
Business use (deductible), luxury brand you won't keep long, or if you drive under 12k miles/year and want predictable costs.
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