Lease vs Buy Calculator

It depends on your financial situation and business goals. Buying builds equity and is usually cheaper long-term, but requires a larger down payment and you handle all maintenance. Leasing has lower upfront costs and predictable monthly payments, but you own nothing at the end. Use this calculator to compare both scenarios with your actual numbers.

Lease payments for a semi truck typically range from $1,600 to $2,800 per month depending on the truck model, year, lease term, and whether maintenance is included. Lease-purchase programs through carriers often run $800 to $1,200/week but include some operating costs. Always compare the total cost over the full term, not just the monthly payment.

The equity you build equals the truck's resale value minus any remaining loan balance. A truck purchased for $120,000 might be worth $40,000-$60,000 after a 5-year loan, meaning you retain that value as an asset. With a lease, you build zero equity unless you exercise a buyout option at the end of the term.

Yes, truck lease payments are generally 100% deductible as a business expense in the year they are paid. When you buy, you deduct depreciation over time plus loan interest. Both approaches offer tax benefits, but the timing differs. The Section 179 deduction may allow full first-year write-off for purchased trucks. Consult a tax professional for your specific situation.