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.

Contact Deseret First Credit Union: 801-456-7000 M-F 9 a.m.-5:30 p.m.

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. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information 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.

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