Published on Financial Calculators for Union Savings Bank (https://www.fintactix.net/usb)

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Purchase or Lease a Vehicle

Does it make better sense to buy or lease a new vehicle? That depends on some factors, such as the residual value of the car you intend to purchase, the amount of money you pay up front as a capitalized cost reduction and the cost of financing. A lease will usually be a more attractive option when compared to a vehicle purchase when measured over a comparable term. Keep in mind that with a lease, you will have to return the vehicle at the end of the lease term, whereas if you buy, you will own the vehicle and will be able to continue driving it after the term expires.

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Calculators are provided for illustrative and educational purposes only and we do not guarantee their accuracy. We encourage you to contact a qualified financial professional concerning questions about your personal or business finances.


Source URL: https://www.fintactix.net/usb/tools/auto/a07