How is my monthly car payment calculated?

Monthly car payments are calculated based on your principal loan amount, interest rate (APR), and loan term (months), plus applicable sales tax and fees.

What is a good auto loan interest rate in 2026?

In 2026, a good auto loan rate for prime borrowers (credit score 720+) ranges between 5.5% and 7.2% for new vehicles, and 6.8% to 8.9% for used cars.

Can I export my amortization schedule?

Yes! You can instantly export your complete month-by-month amortization schedule to PDF or CSV format for free.

Car Lease vs. Buy Calculator

Compare the total financial cost of leasing a vehicle versus buying it with a traditional auto loan over the same time period.

Vehicle Information

Vehicle Price (MSRP)

Term (Months)

Months

Lease Details

Money Factor

Multiply by 2400 to get the APR equivalent.

Residual Value (%)

Lease Due at Signing (Down Payment)

Buy Details (Loan)

Loan Interest Rate (APR)

Loan Down Payment

Comparison Results

Leasing

Monthly Payment

$0.00

Total Out of Pocket

$0.00

Buying

Monthly Payment

$0.00

Total Out of Pocket

$0.00

The Verdict

Enter your details to see which option saves you more money over the term length.

Car Lease vs. Buy Calculator

Lease vs Buy Calculator Tool

Vehicle Information

Lease Details

Buy Details (Loan)

Comparison Results

Leasing

Buying

The Verdict

Share Your Calculation

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