This application helps you make an informed decision between buying and leasing a car by considering:
- Current interest rates
- Monthly payments
- Investment opportunities with the money saved
- Long-term financial implications
- Interactive calculator for car buying vs leasing comparison
- Real-time visualization of costs over time
- Investment return calculations
- Clear recommendations based on your inputs
- Install dependencies:
npm install- Start the development server:
npm start- Open http://localhost:3000 to view it in your browser.
- Enter the car price
- Input your lease terms (monthly payment and duration)
- Specify loan details (term and interest rate)
- Set expected investment return rate
- Click "Calculate" to see the comparison
The calculator will show you:
- Monthly loan payments
- Total cost of buying
- Total cost of leasing
- Potential investment returns
- Visual comparison of both options over time
- React
- Material-UI
- Chart.js
- React-ChartJS-2