Buy vs Lease Car Calculator
Not sure whether to buy a car outright (or on finance) or lease it on Personal Contract Hire (PCH)? Enter the numbers for both and see the total cost of each over the years you'll keep the car — and which one actually works out cheaper.
Estimate only. This is an estimate — actual resale values, running costs, finance interest and lease pricing all vary and can't be predicted precisely. Not financial advice; get a personalised quote before deciding.
Enter the buying and leasing figures
Add the car's price, running costs and the lease quote to compare the total cost of buying against leasing.
Buying vs leasing — what's the real difference?
Buying a car ties up cash (or finance repayments) but you own an asset — when you sell it, some of that money comes back to you as the resale value. Leasing on PCH spreads the cost into fixed monthly rentals with no big resale-value gamble, but you hand the car back at the end with nothing to show for it. This calculator adds up the full cost of each route — the price you pay minus what you get back for buying, against every rental and fee for leasing — so you can see which is genuinely cheaper for your circumstances, not just which has the lower headline monthly figure.