Start with the basics — the car's on-the-road price.
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Step 2 of 3
The lease option
Enter the lease quote you've been given.
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Step 3 of 3
The finance option
If you were buying this car on finance instead, what would the terms look like?
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Here's how they compare
Based on the figures you entered
Leasing
Initial payment
Monthly payments
Admin fee
Total cost
You return the car at the end
Buying on finance
Deposit
Monthly payments
Paid so far
Est. car value
Still owed on finance
Your equity position
Net cost
You still have the car and the finance to run
Things to consider
With leasing, you get:
Fixed, predictable monthly costs
No depreciation risk — you hand the car back
A new car every few years
Road tax often included
Maintenance packages available
With buying, you get:
Ownership (or option to own) at the end
No mileage restrictions
Freedom to modify the vehicle
An asset (though it depreciates)
No wear-and-tear charges at return
This calculator provides estimates for illustration purposes only. It does not constitute financial advice. Actual costs depend on the specific lease or finance agreement, including interest rates, fees and terms. The depreciation estimate uses a flat annual rate and does not account for make, model or market conditions. Always compare full quotations and seek independent financial advice if needed.
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