EV Lease vs Buy Calculator

Compare the total cost of leasing vs buying an EV β€” monthly payments, total outlay, and which option makes more financial sense for you.

πŸ”‘ EV Lease vs Buy Calculator

Buy

Monthly Payment715
Total Cost45,919

Lease

Monthly Payment624
Total Cost25,464

πŸ’‘ EV Lease vs Buy: How to Decide

Buying: You finance the full price minus down payment. Monthly payments build equity. After the loan, you own the car with no payments. Buying makes sense if you plan to keep the car 5+ years.

Leasing: You pay only for depreciation plus finance charges. Monthly payments are lower, but you own nothing at the end. Leasing can make sense for EV buyers who want the latest technology every 3 years, as EV tech improves rapidly.

A 40,000 EV: Buying with 3,000 down at 6% for 60 months β‰ˆ 716/month, 45,960 total. Leasing 36 months with 55% residual β‰ˆ 430/month, 18,480 total (but no ownership at the end).

EV Lease vs Buy Calculator FAQ

πŸ”— Related Calculators

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