MoneyIQNew Regime 2026
Car Lease vs Buy Calculator
CTC car lease vs car loan, built on New Tax Regime 2026. Pre-loaded with a Hyundai Creta SX 1.5L Petrol Manual (on-road Mumbai ₹18.4L, 4-year lease at ₹39,300/mo, loan at 8.1%). Change any input to model your scenario.
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Your Inputs
Car & Financials
₹
₹
yrs
Both paths compared at exactly 4 years
₹/mo
0 = not offered. Some companies offer ₹15-25K/mo pre-tax for fuel, insurance, driver.
Lease & Buy Terms
yrs
Typical: 3-5 years
₹/mo
Using your actual quote
yrs
%
%
= ₹3,67,935
₹35,999/mo
Loan amount: ₹14,71,742 at 8.1% for 4 years
Assumptions & Costs
% pa
Return on saved down payment & SIPs
₹
Included in lease; separate cost when buying
₹
Included in lease; separate cost when buying
% pa
Typically MCLR + 3%. Check your lease agreement.
%
18% for regular cars. 48% for SUVs (28% GST + 20% cess)
₹
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The Verdict
Car leasing saves you
₹7.63 L
Both buy out the car and sell at the same price. Buyer's cost of driving for 4 years: ₹12,57,651. Lessee's: ₹4,94,342.
Monthly Lease RentalYOUR INPUT
₹39,300
Your actual quote
Buy: EMI + Ownership
₹39,999
EMI ₹35,999 + ₹4,000
Monthly Tax SavingTAX RULE
₹10,702
From delta-tax calculation
Buyback at End of LeaseESTIMATE
₹3.23 L
Residual ₹2,64,913 + GST ₹47,684 + RTO ₹10,000
Car Resale Value at 4yr
₹10.30 L
56% of on-road price
Cost of driving this car for 4 years
| Buy with Loan | Lease through CTC | |
|---|---|---|
| Down payment | ₹3.68 L | |
| EMIs (48 months) | ₹17.28 L | |
| Insurance + maintenance (4yr) | ₹1.92 L | |
| Lease rentals (48 months) | ₹18.86 L | |
| Residual buyout (to own car) | ₹3.23 L | |
| Total outflow (all payments) | ₹22.88 L | ₹22.09 L |
| Tax saved (4yr) | - ₹5.14 L | |
| DP investment gain | - ₹1.71 L | |
| Car resale at 4yr | - ₹10.30 L | - ₹10.30 L |
| Cost of driving for 4 years | ₹12.58 L | ₹4.94 L |
| Leasing saves you | +₹7.63 L |