Loan Calculators
Auto Loan vs Lease Calculator
Auto Loan vs Lease Calculator
Should you lease or buy your car? We calculate your monthly payments and your total net cost.
This side-by-side look at car loans and lease program is just what you need to finally make up your mind
about whether to buy or lease your next car. Enter in the info about a car's lease offer and purchase information. Then view the neat, organized results and determine which is the right plan for you.
Information and interactive calculators are made available to you as self-help tools for your independent use and
are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in
regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We
encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Finance Calculators
Customer Testimonial
"My salesman did everything he could to help me. Very friendly ser-
vice. I am happy with my used Jimmy."
vice. I am happy with my used Jimmy."
Theresa J.
Auto Loan Terminology
Payment to Income Ratio
Your monthly car payment compared to your gross monthly income. Most lenders prefer this ratio to be less than 15%.
Sep 02, 2010, 9:37 am Frequently Asked Questions
Can I use Drivers Lane to finance a vehicle from a private owner?
No. Funds for loans through Drivers Lane can only be used to purchase new or used automobiles from dealerships with an Car Loan center onsite. Each dealer selected by Drivers Lane has passed a screening for quality and customer service.
Sep 02, 2010, 8:42 am