The table below illustrates a typical financial comparison for a $35,000 vehicle over a 36-month period. Financial Factor Leasing a Vehicle Buying with a Loan Lower (covers depreciation only) Higher (covers full vehicle cost) Upfront Costs First month + security deposit Down payment + taxes and fees Vehicle Ownership No ownership; returned at term end Full ownership after loan payoff Mileage Limits Strict limits (typically 10k-15k/year) Unlimited mileage Wear & Tear Charges applied for excess damage You are responsible for all repairs Long-Term Cost More expensive (perpetual payments) Cheaper (asset retained after payoff) 🔑 Key Inputs for Your Calculator
: The estimated value of the car at the end of the lease.
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