Should I Lease or Purchase an Auto?

Leasing has become a very popular method of acquiring a new auto. Although the payments may seem attractive, it may not always be the best financial decision versus purchasing the vehicle outright and financing it with a low interest loan. Use the following calculator to help analyze the financial impact of lease versus buy.
Common Assumptions
Down payment (capital reduction) ($) 
Number of months 
Rebate amount ($) 
Lease Information
Monthly payment amount ($) 
Security deposit/leasing fee ($) 
Purchase Information
Purchase price ($) 
Sales tax rate (%) 
Other upfront costs ($) 
Annual percentage rate on loan (%) 
Market value of vehicle at end of loan ($) 
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that the company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

These calculators are for information, education, and entertainment purposes only. It is your responsibility to evaluate the merits and risks associated with relying on any information provided.

By entering this section of the Commerce Bank web site, you acknowledge your understanding and acceptance of the terms of its use.

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