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Should I Lease or Purchase a Vehicle?

Share current LOB: WealthManagement
Should I lease or purchase a vehicle?

Purchase
Purchase price
$
Sales tax rate
%
Vehicle age (years)
Cash rebate
$
Down payment
$
Other upfront costs
$
Loan term (months)
Interest rate
%

Lease
Lease term (months)
Monthly payment
$
Security deposit
$
Cash paid
$
Cash rebate
$

Your savings interest rate
%
Your state & federal tax rates
%

Future depreciation
Tags

Information and these calculators are made available by one or more third party service providers. All examples are hypothetical and are for illustrative purposes. SunTrust Bank and its affiliates do not provide legal or tax advice. Information provided and these calculators are not intended to offer any tax, legal, financial or investment advice. SunTrust cannot guarantee that the information provided or the calculators are accurate, complete, or timely. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. SunTrust makes no warranties with regard to these calculators or the results obtained by their use. SunTrust disclaims any liability arising out of your use of, or any tax position taken in reliance on, these calculators. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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