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Chapter 13. Your New Car—Lease or Buy? > The Lease or Buy Calculator

The Lease or Buy Calculator

Knowing the payment on a lease is important, but it might not be enough to decide whether you should lease or buy your next car. As with any major financial decision, there will be emotional factors involved, and Excel cannot help with that! Even restricting consideration to financial matters, it’s not always clear which factors are important.

For example, if you lease a car, you will almost surely have lower monthly payments than if you bought the same car outright. The money you save each month can be saved toward a house purchase, invested, or just used for day-to-day expenses. But at the end of the lease, you are suddenly without a car and are faced with the same decision again: Do you lease or purchase?


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