Simple input of the retail price (including all options) of the vehicle without taxes
Freight & PDI
Freight & PDI (pre-delivery inspection) charges
Financing rate
Purchase financing rate as set by either the manufacturer's credit company or a bank
Finance Term
Specified term of the loan in months (usually 24 to 60 months)
Tax Rate
Amount of provincial sales tax and GST
Amount To Be Financed
Calculates the total price of the vehicle with freight, PDI, and all sales taxes
Trade-In Value of Current Vehicle
Value of a vehicle being traded in to count against the retail price of the vehicle. Note that your total obligation will be further reduced by an amount equal to the sales taxes in the value of the trade-in.
Down payment
Amount of the cash down payment to count against the retail purchase price of the vehicle
Leasing Options
Purchase Price (excluding tax)
Simple input of the retail price (including all options) of the vehicle without taxes
Freight & PDI
Freight & PDI (pre-delivery inspection) charges
Financing rate
Purchase financing rate as set by either the manufacturer's credit company or a bank
Lease Term
Specified term of the loan in months (usually 24 to 48 months)
Residual %
Indicates the percentage of the original retail price (without freight & PDI) that the vehicle is estimated to be worth at the end of the lease
Residual Value
Calculated residual value of the vehicle at the end of the lease using the above percentage
Trade-In Value of Current Vehicle
Value of a vehicle being traded in to count against the retail price of the vehicle
Down payment
Amount of the cash down payment to count against the retail purchase price of the vehicle. This is the amount put towards your vehicle before sales taxes are applied.
Monthly Payment
The monthly payment is based on the amount the vehicle will depreciate over the lease term (the total price including freight & PDI minus any trade-in and/or downpayment and the residual value of the vehicle at the end of the lease), upon which the monthly interest is added. Then, added to this is the monthly interest on the residual value (calculated at the same finance rate).
Tax Rate
Amount of provincial sales tax and GST
Taxes
Sales taxes are added to each monthly payment
Total Monthly Payment
Total monthly payment including all taxes
Total Outlay For 1st Lease
Total outlay for the first lease, which includes the sum of all monthly payments plus the original downpayment and/or trade-in
Total Interest Charges For both Leases
Calculates the difference between the sum of all monthly payments (before taxes) and the original amount to be amortized (the price plus freight and PDI minus the residual value, trade-in value and down payment).
