Lease vs. buy calculator

A lower lease payment can still cost more if you end up with no truck, or a big buyout, at the end. Compare the net cost of each over the full term.

Buying with a loan

Truck price ($)Down payment ($)Interest rate (APR) (%)Loan lengthWhat the truck is worth at the end ($, your best guess)

Leasing

Due at signing ($)Monthly lease payment ($)Lease length (months)At the end of the leaseBuyout price ($, if you buy it out)

CDL Loans

Difference over the term

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Net cost to buy: –
Net cost to lease: –
Loan payment: –

Memo: Estimate only. Not a loan offer.cdlloans.com

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Tell us about your truck plans (optional)

Credit score (estimate)Truck budgetWhen you plan to buyState

Common questions

What's the difference between a $1 buyout lease and a fair market value lease?

With a $1 (or other fixed small) buyout, you own the truck for a token amount at the end, so it works much like a loan. With a fair market value lease, the buyout is whatever the truck is worth then, which can be a large amount. Ask which kind you're being offered.

Is leasing ever cheaper?

It can be, especially if you plan to return the truck and the lease payment is low, or if a lease includes maintenance. Put both offers into this calculator to see the net cost of each.