Use this free lease calculator to estimate your monthly car lease payment in Canada. Enter the vehicle's selling price, residual value, money factor (lease rate), and term to see your payment.
A Canadian car lease payment has two components:
These two are added together to get the pre-tax monthly payment. Provincial taxes are then applied to each payment.
The money factor is the lease equivalent of an interest rate. To convert it to an approximate APR, multiply by 2,400. For example:
Dealers don't always disclose the money factor — you can ask for it directly or look it up on manufacturer lease programs. A lower money factor means lower monthly payments.
The residual value is what the manufacturer predicts the vehicle will be worth at the end of the lease. This is set by the manufacturer's leasing arm and cannot be negotiated. A higher residual value means lower monthly payments — because you're financing less depreciation.
Vehicles with historically strong resale values (Honda, Toyota, Subaru) tend to have higher residuals and therefore lower lease payments relative to price.
| Annual Km Allowance | Overage Fee (typical) |
|---|---|
| 16,000 km/yr | $0.10–$0.20/km over |
| 20,000 km/yr | $0.12–$0.25/km over |
| 24,000 km/yr | $0.15–$0.30/km over |
If you regularly drive more than 20,000 km/year, consider financing instead — excess mileage fees can add thousands to your total lease cost.
KOHO gives you cash back on gas and groceries — helping offset the cost of car ownership. No monthly fees, no minimum balance. Use code 45ET55JSYA for a sign-up bonus.
Get KOHO Free — Use Code 45ET55JSYALast updated: March 2025. Calculator results are estimates. Actual lease payments depend on exact manufacturer programs and dealer terms.