Lease & Finance
Calculator
Compare open-ended leases, traditional financing, and cash purchases. Optimized for Quebec's 14.975% GST/QST tax rules.
Quick-Select Preset Vehicles
Vehicle & Term
Rates & Residual
Investment Returns
The opportunity cost compares what your cash could earn if invested at the specified annual return, versus paying for the vehicle upfront.
TCO Parameters
Scenario & Stress-Test Simulator
Trading Returns Scenario
Depreciation Scenario
Effective Return
20.0%
User defined
Equity & Gap Risk (expected depreciation, base market)
| Year | Market Value | Finance Balance | Equity / Gap | Lease Paid |
|---|---|---|---|---|
| Year 1 | $55,250 | $48,794 | +$6,456 | $13,041 |
| Year 2 | $46,962 | $33,477 | +$13,485 | $26,082 |
| Year 3 | $39,918 | $17,231 | +$22,687 | $39,123 |
Positive equity means the vehicle is worth more than the remaining loan balance. Negative gap (in red) means you are underwater.
Open-Ended Lease
Quebec tax loophole: sales tax applied only to monthly payment, not the full vehicle price.
Traditional Finance
Full tax on purchase price paid upfront (can be rolled into loan).
Cash Purchase
Opportunity Cost (base)
If invested at 20.0% (base market), your $64,734 grows to $143,121 over 48 months.
Break-Even Yield Tracker
Lease vs. Cash - Required Return
N/A
Lease costs more than cash at any positive return. Cash wins outright.
Lease vs. Finance - Cost Advantage
Lease wins
Lease is cheaper than financing before any investment return.
Cost Comparison Summary
Lease TCO
$78,964
$1,436.75/mo incl. TCO
Finance TCO
$97,946
$1,832.21/mo incl. TCO
Cash + Opportunity
$143,121
$91,534 TCO vs $143,121 if invested
Total Cost of Ownership Breakdown
Cumulative Outlay vs. Investment Growth
Dashed lines show what your cash could grow to if invested (20.0% return - base scenario). Solid lines show cumulative cash paid including TCO. Compare the slope and endpoint of each option.
Interactive Depreciation Curve (7-Year Projection)
Seven-year depreciation trajectory based on the Time-Shift Comp formula. The orange dashed line at Year 4 marks the typical flattening point where annual depreciation slows. The shaded difference between scenarios grows wider each year, making residual assumptions more critical for longer terms.