Lease vs buy a car calculator

Side-by-side monthly outlay + total lifetime cost across the same term. Buying builds equity (you own the car); leasing leaves you with nothing at the end — but lower monthly payments.

Both options
Buy
Lease
—

🚗 Buy

Monthly EMI₹0
Down payment₹0
Interest paid₹0
− Resale value−₹0
Net cost₹0

📑 Lease

Monthly payment₹0
Fees₹0
Depreciation share₹0
End equity—
Net cost₹0

Reading the verdict

"Buy is cheaper" assumes you actually keep the car after the term and the resale value holds. "Lease is cheaper" assumes you walk away with nothing — if you plan to swap cars every 3 years anyway, leasing usually wins on hassle and predictability.

  • Mileage limits: leases penalize 20¢–30¢ per excess km/mile. Add this if you drive a lot.
  • Maintenance: leases often include scheduled maintenance; ownership doesn’t.
  • Insurance: typically similar; not factored here.