Your estimated comparison
The buy total subtracts the resale value because you still own the vehicle at the end of the term. The lease total does not, because the vehicle goes back.
Free tool · Canada · Estimate only
Car Lease vs Buy Calculator
Enter the lease figures on one side and the purchase figures on the other to compare the total cost of each path over the same number of months. This is an estimate only — plain arithmetic on the numbers you enter. It is not financial advice, and it quotes no dealer's price.
Written November 13, 2026
The monthly lease payment from the offer you are comparing, including the taxes as quoted if that is how the offer states it — use the same tax treatment on both sides.
Everything payable when the lease starts: down payment, first payment if it is charged at signing, and fees, as one total.
What you expect to pay when the lease ends — a disposition fee and any excess-kilometre or wear charges you expect. Enter 0 if you expect none.
The full purchase price you are financing, on the same tax treatment as the lease side.
To compare the two paths over the same stretch, use the lease term here. The resale figure below is then the value at the end of that same stretch.
What you expect the vehicle to sell for when the term ends. This is your estimate — the result moves with it.
How the estimate works
The formula. Total lease cost = due at signing + (monthly lease payment × lease term in months) + end-of-lease costs. Amount financed = vehicle price − down payment. Monthly loan payment = amount financed × monthly rate ÷ (1 − (1 + monthly rate) raised to −term), where monthly rate is the yearly rate ÷ 100 ÷ 12; at a 0% rate the payment is the amount financed ÷ term. Total buy cost over the term = down payment + (monthly loan payment × term) − expected resale value.
Assumptions printed. The result uses exactly the numbers you entered, one fixed rate for the whole loan term, and no costs beyond the fields on this page.
Sources: No external figure is used on this page. Every number in the result comes from the numbers you enter and the formula above.
Next step: read the full step-by-step guide: How to Avoid Hidden Fees on a Car Rental in Canada