Lease vs Finance Calculator

① Select Vehicle

② Trip & Usage Parameters

Car Purchase Price

MSRP auto-filled on car selection

Annual Mileage (km)

Avg Uber driver: 80,000–100,000 km/yr

Lease Parameters

LEASE

Lease Term (years)

Interest Rate (APR %)

Auto-filled from manufacturer rate

Insurance / Year

Avg of top 3 insurers (TD, Intact, Aviva)

Maintenance / Year (user-pays)

Tires, wiper blades, brakes (not covered)

Extra Mileage Cost ($/km)

Per-km charge over lease allowance

Lease Mileage Allowance (km/yr)

Standard: 20,000 km/yr — extra km are charged above this

Finance Parameters

FINANCE

Finance Term (years)

Sell Car at Year

When you plan to sell — calculates exact gain or loss at that point

Interest Rate (APR %)

Auto-filled from manufacturer rate

Insurance / Year

Avg of top 3 insurers (TD, Intact, Aviva)

Maintenance / Year (all costs)

All maintenance — rises after year 3

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No per-km charge when financing

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Monthly Lease Payment

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Monthly Finance Payment

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Lease — Avg Yearly Cost

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Finance — Avg Yearly Cost

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Analysis & Reasoning