Equipment lease vs buy calculator

Compare lease-payment present value with purchase cost minus discounted resale proceeds.

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Purchase cost now

Monthly lease payment

More inputs and assumptions

Months of use

Buy option resale value at end

Annual effective discount rate (%)

Answer

…

Compare lease-payment present value with purchase cost minus discounted resale proceeds.

More results

Precision and calculation record

Decimal places in numeric results and text downloads

Rounding changes displayed numbers, not the calculation. Text, fractions, matrices and CSV schedules keep their own formatting. Automatic keeps up to 12 significant digits, with money shown to cents where applicable.

Saved scenario

Save the current answer, then change an input to compare. This clears when you leave.

Formula and assumptions

Lease payments occur at month-end. Maintenance, operating costs and insurance must be equivalent or added separately. Does not model tax treatment, purchase options, fees or financing. Fixed assumptions only: no taxes, fees, changing returns, guarantees or product eligibility. Amounts share one currency.

Automatic precision shows numbers to 12 significant digits. Thousands separators such as 1,000 are accepted; use a dot for decimals.

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Updated 2026-09-26

Using Equipment lease vs buy calculator

Compare lease-payment present value with purchase cost minus discounted resale proceeds.

Next: Net present value calculator

A worked example

Example inputs: purchase cost now = 10000, monthly lease payment = 300, months of use = 24, buy option resale value at end = 4000, annual effective discount rate (%) = 0. Lower discounted cost = 6000.

Before you use the result

Example results for purchase cost now

These examples use Monthly lease payment: 300; Months of use: 24; Buy option resale value at end: 4000; Annual effective discount rate (%): 0. They are reference calculations, not recommended settings.

Purchase cost now	Lower discounted cost
5000	1000
10000	6000
20000	7200

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