Compare monthly car loan financing with vehicle leasing, including trade-in sales tax savings (HST/GST/PST) and residual values.
Financing vs Lease Terms
Monthly Finance Payment
697.95 €
60 months • 6.49% APR
Monthly Lease Payment
279.25 €
36 months • Tax included
Total Purchase Finance Cost
58'877.18 €
Full equity owned at end
Lease Residual Buy-out Value
26'400.00 €
55% of MSRP after 36 mo
Trade-In Tax Savings = TradeIn × SalesTaxRate
Monthly Loan = Principal × [i(1+i)^n] / [(1+i)^n - 1]
Monthly Lease = [(NetCap - Residual)/Months + (NetCap + Residual) × (APR/24)] × (1 + SalesTaxRate)Calculates financed loan payments with trade-in tax savings versus monthly lease depreciation plus rent charge with provincial sales tax applied monthly.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual CRA tax brackets, provincial taxes, Bank of Canada rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor or CPA prior to executing financial commitments.
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