Auto Finance Calculator - Should I Lease or Buy a Car?

This calculator helps you decide whether it is better for you to buy or lease a car. It assumes you will not exercise the purchase option at the end of a lease. However, at the end of a vehicle loan, you will own the car. Two factors included in the calculation are car depreciation and financing expenses. The yearly cost of owning a vehicle declines sharply after the first few years. Both the car depreciation and financing costs are less. The first year of a lease is the most expensive due to extra financing charges. When leasing a car, you do not incur depreciation expenses.

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The availability, qualifications and amounts of these discounts may vary from state to state. In addition, terms, conditions and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. In some states, we may offer discounts that are not listed here. For more information regarding your eligibility for these savings opportunities, please contact your Allstate agent.

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