Lease vs Buy Calculator

    Compare the true costs of leasing versus buying a vehicle in Canada.

    $
    $10,000$150,000

    MSRP or negotiated price

    $
    $0$50,000

    Applies to both lease and purchase

    2460

    Typical: 24, 36, or 48 months

    %
    0%15%

    Lease money factor × 2400

    %
    30%70%

    Vehicle value at lease end

    %
    0%15%

    Loan interest rate for purchase

    2496

    Loan repayment period

    years
    3 years15 years

    For total cost comparison

    Monthly Lease Payment

    $415.63

    Monthly Finance Payment

    $684.82

    Total Lease Cost (6 years)

    $49,900

    Net Buy Cost (6 years)

    $26,012.25

    Est. Vehicle Value (Year 6)

    $20,076.66

    Buying Saves You

    $23,887.75

    Monthly Finance Payment$684.82
    Total Lease Cost (6 years)$49,900
    Net Buy Cost (6 years)$26,012.25
    Est. Vehicle Value (Year 6)$20,076.66
    Buying Saves You$23,887.75

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    Rate source: Canadian Automobile Dealers Association