Whether it is cheaper to lease or buy a car depends on your priority: is typically cheaper for initial monthly cash flow, while buying is significantly cheaper in the long run. Monthly Cash Flow vs. Long-Term Value
Buying or Leasing a Car in 2026: Which Make is Best for You?
: Leasing is usually cheaper month-to-month. In 2026, average lease payments are approximately $613 , while average new car loan payments are around $767 .
: Allows members to customize payments and see local dealer offers.
: High-end cars (e.g., BMW, Mercedes) often see massive depreciation—up to 60% in three years. Leasing lets the manufacturer bear this loss.
: In 2026, EVs continue to depreciate rapidly (40–60% over 3–5 years). Leasing transfers this rapid depreciation risk to the leasing company.
You can calculate your specific net cost using these interactive tools: