Should you Lease or Buy? Rent or Own? Answer this essential question before you buy your next car or home. You may be surprised at the answer.
Goldmine Lease vs. Buy Calculator will help you determine which is better for you.
- The answer can be about short term cash flow (what can you afford)
- Or minimizing overall cost (interest can double or triple the cost of your home)
- Or building equity over time (forced savings)
The answer is not always clear cut, make sure you analyze all the information before you make your decision.
ie. Depending on the lease interest rate vs. buy interest rate and the residuals, it may be cheaper to lease that expensive xars.
ie. A very expensive home may have a low market rent, or a low appreciation rate, which makes it better to rent instead of buy.
Features
- Easy step by step guide.
- Sample property or auto included to help you get started.
- Quick summary page to assess your options.
- Estimated amount due on delivery or closing.
- Easily see your total cost for both options.
- A year slider for your property decision, assess any year in the next 40 years.
Important: Any information provided in this app is for entertainment purposes only. Please consult with your financial advisor before making any large purchase decisions.