Car Ownership vs Lease Calculator
Advanced calculator with multi-currency support, depreciation models, dynamic lease options, and template comparison
Recommended: Owned
Net 5-Year Cost: 0
Keeping your owned is recommended.
Assumptions (Edit Here)
💡 Quick Start: All editable inputs are highlighted in yellow. Change values here to update all calculations automatically.
* indicates required fields. Click section headers to expand/collapse sections. Click Help for detailed explanations.
Name of your car for reference
Currency for all calculations
Time period for cost comparison (typically 3-10 years)
Fuel-Related Costs
Your annual driving distance in kilometers • Example: 15,000 km/year
Current fuel price per litre in your region • Example: ₹100/L (INR), $3.50/L (USD)
Your car's fuel efficiency (kilometers per litre) • Example: 15 km/L
Search for a car to auto-fill specifications, or enter details manually below
Year when you purchased/started owning the car (used to calculate depreciation from ex-showroom price)
Current market value or purchase price of your car
Expected resale value after 5 years (optional - auto-calculated based on depreciation if empty)
Calculation Factors
These factors affect how costs are calculated. Click to edit each value.
Additional tax deductions that reduce your tax saving from lease EMI
Model Rules:
- Tax benefit applies on Lease EMI based on effective tax rate
- Owned car has no tax benefit
- Lease includes insurance + maintenance (not added separately)
- Depreciation calculated based on selected model
- Final decision based on lowest post-tax, post-reimbursement cost
- All calculations update automatically when assumptions change
Tool Author: Siddhartha Basu
For correspondence: siddhartha.basu@outlook.com