Question

Does anyone know of a good “léase or buy” car calculator? I remember the episode where the guys said it’s better to get two back to back three year leases than buy a car outright. I’d love to know the calculator or site they sourced from. or any good source for that matter. I’m in the process right now. Thanks in advance.  

Answer 1

Not sure about the calculator - but - I drive 50, 000+ miles a year - I cannot lease - most leases only allow 15-25, 000 miles a year - so you have to take that into consideration- most Tv ads say 12, 000 miles for those lease prices

Answer 2

Very unlikely, buy a 2 year old car and keep it for 3-5 years will be loads cheaper. If you buy a new car every 3 years it maybe cheaper to lease of course

Answer 3

The caculator that is your brain should be telling you what a horrible concept and episode that was. Dont buy a new car or lease a car.  

Answer 4

Here's the link to the one they discuss on the show - I personally found this very helpful as I'm in an incredibly aggressive market in CA and have been on the fence about buying for some time: