Lease vs Loan Calculator
Whether leasing or financing a vehicle comes out ahead in terms of total cost of ownership depends on numerous variables, such as the monthly lease rate, the loan APR rate, duration of ownership, incentives which may be lease-exclusive, among several others. Our calculator below allows you to explore different lease vs loan scenarios assuming two back-to-back 36 month leases versus financing the car and selling at year 6. You can also quick-fill the data with the figures from our lease tracker, as well as the promotional APR rates offered for each Lucid and Rivian model and trim, current as of May 16, 2026. Sales tax are excluded by default, but can be estimated if desired. Please note that this is not a precise quote generator and should be used to only estimate total cost of ownership between leasing versus financing a vehicle.
Lease vs. Finance: 6-Year Net Cost
Two back-to-back 3-year leases vs. a financed purchase · 6-year net cost comparison
Enable to auto-calculate your lease rate from our May 2026 data.
Lucid Credit ($7,500–$15,000) is passed through by the lessor on leases and is not available on purchase. Conquest, loyalty, Studio Select, and trade-in incentives may apply to both. Rivian lease bonuses are lease-only. Tracker rates: $0 down, pre-tax, acquisition fee excluded.
Promotional APR rates require OEM financing and may not be available on all trims. Residual estimates are speculative. This is an analytical tool, not financial advice.