you lease or buy your car? Use this calculator to find
out! We calculate your monthly payments and your total
net cost. By comparing these amounts, you can determine
which is the better value for you.
term in months
in months for your auto loan.
paid as a down payment, which for leases is often called
a capital reduction.
fee, other than a capital reduction or down payment, required
to be paid at the close of the lease or loan. This may
include license, title transfer fees, etc.
purchase price. Price should be after any manufacturer's
+ PST or HST (%)
percentage rate charged on this purchase in your province.
GST + PST or HST is included in each lease payment. GST
+ PST or HST for buying is charged on the total sale amount.
rate of depreciation gauges how fast your new automobile
will lose its market value. A high depreciation rate is
about 20% per year, medium is 15% per year and low is
10% per year.
leases, this is remaining value after the lease term expires.
The higher this amount, the lower your lease payment will
value of vehicle
of your auto after the lease term is over.
rate of return
of return on investments. This is the return that you
would make if you were to invest your down payment or
security deposit instead of using it in your auto purchase