Diverse Leasing Finance & Lease Pricing Calculator

Loan / Lease Calculator

This calculator will give you a good estimate of the costs of buying or leasing your vehicle. Keep in mind that almost every lending or leasing company uses a slightly different formula to calculate the payments.

About the vehicle
Purchase price Enter what you will pay for your vehicle including PDI, delivery and options. Don't include PST or GST.
Net trade-in Enter what you estimate that your trade-in is worth.
Miscellaneous taxes Gas/Air conditioner tax etc. (Don't include PST or GST.)
Provincial sales tax rate (%) GST is added automatically.
Lease information (if desired)
Down payment Note that sales taxes are removed from your down payment prior to it being applied to the vehicle cost.
Lease rate (%)
Term (months)
Residual or Buy-Back value
Loan information (if desired)
Down payment
Annual interest rate (%)
Term (months)

Calculator results Lease Loan

Monthly payment (with tax)

Total up front costs

Gross cost of vehicle

Estimated equity in vehicle at end of term¹

Net cost of vehicle²

¹ Based on an average from a number of leasing company's residual values for different vehicles over leases of 2 to 4 years in length. Formula used: new car price x (0.0082 x # of years²- 0.1696 x # of years + 0.9811. This valuation is subject to change based on vehicle and mileage.

² This is the cost of financing the vehicle over the term less the equity that the vehicle provides you at the end. In the case of a lease, the equity is N/A because you give the car back to the dealer or purchase it for the residual value. In the case of a loan, you could theoretically sell the vehicle and reduce the amount that you are out of pocket.