Lease vs Buy Math: the Money with Katie Show • LeaseCosts Canada

August 17, 2022

Back in July 2022, I had the opportunity to talk with Katie Gatti from the money with Katie Show, a popular financial podcast for Millennials. We had a great talk and I had a great time while sharing with Katie some thoughts about the difference between Leasing and Financing, when it comes to automobile costs.

Enjoy!

About the author

Jorge Diaz is a passionate car lover, winter driver & Software Engineer. For the last 10 years, he has built Online Solutions used by more than 5,000 companies across the globe. He founded LeaseCosts in 2016 with the purpose of simplifying and helping Canadians to better understand the complex market of car leasing in Canada. You can connect with him at Leantrepreneurship.com.

Jorge is also the author of Car Leasing Done Right: A Canadian Guide for Understanding & Optimizing Vehicle Leasing Costs, released on Nov. 5th, 2021. It is available at Amazon.ca

Considering a Lease Takeover? We have 6,000+

Our visitors have tons of alternatives all across Canada that will sound very interesting for you. Here, the top ones:

Featured Listing

+ 10,000 cash

Lease Takeover Temporary Image

CAD/month x 44 months

2024 GMC Sierra 1500 (ID: #56696)

1,251

Port coquitlam

2024 GMC

Sierra 1500 Automatic AWD Elevation Premium

Warranty Complete Term
Wear & Tear Coverage
Winter Tires Included

Payment Details

Current Payment: 1,251 CAD/month + tax
Cash Incentive: 10,000 CAD
Payment After Incentive: 1,024 CAD/month + tax
Original Downpayment: 2,800 CAD
Months to End: 44 months (Aug, 2028)

Vehicle Status

Contract Allowance: 24,000 km/year
Current Odometer: 13,500 km total
Available Now: 22,500 km/year (1,875 per month)
Excess Km Cost: 0.16 CAD/km

See all Details

Lease Takeover Temporary Image

CAD/month x 32 months

2023 BMW X4 xDrive30i (ID: #56609)

1,240

Ottawa

2023 BMW

X4 xDrive30i Automatic AWD ZD6 Premium Enchanced Package

Warranty Complete Term
Winter Tires Included

Payment Details

Current Payment: 1,240 CAD/month + tax
Original Downpayment: 3,398 CAD
Residual Value: 34,028 CAD
Months to End: 32 months (Aug, 2027)

Vehicle Status

Contract Allowance: 12,000 km/year
Current Odometer: 5,200 km total
Available Now: 16,050 km/year (1,338 per month)
Excess Km Cost: 0.15 CAD/km

See all Details

+ 8,000 cash

Ford Lease Takeover in North Vancouver: 2023 Ford 2023 Ford F-150 LARIAT 4WD SuperCrew 5.5' Automatic AWD ID:#56239

CAD/month x 28 months

2023 Ford F-150 LARIAT 4WD SuperCrew 5.5' (ID: #56239)

1,167

North Vancouver, BC

2023 Ford

F-150 LARIAT 4WD SuperCrew 5.5' Automatic AWD FX4 + Tow Package

Warranty Complete Term

Payment Details

Current Payment: 1,167 CAD/month + tax
Cash Incentive: 8,000 CAD
Payment After Incentive: 882 CAD/month + tax
Original Downpayment: 4,928 CAD
Residual Value: 51,931 CAD
Months to End: 28 months (Apr, 2027)

Vehicle Status

Contract Allowance: 20,000 km/year
Current Odometer: 12,050 km total
Available Now: 19,836 km/year (1,653 per month)
Excess Km Cost: 0.16 CAD/km

Deal Special Perks

Hot Lease Takeover Deal
High End Vehicle & Options
Lots of FREE Available Km
Good Buyout Opportunity

Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.

See all Details

Recent Listing

Lease Takeover Temporary Image

CAD/month x 22 months

2023 Volvo XC60 B6 (ID: #57057)

922

Maple

2023 Volvo

XC60 B6 Automatic AWD Plus package, Climate package, Air purifier, Metallic paint, Protection package.

Payment Details

Current Payment: 922 CAD/month + tax
Original Downpayment: 1,265 CAD
Residual Value: 34,014 CAD
Months to End: 22 months (Oct, 2026)

Vehicle Status

Contract Allowance: 16,000 km/year
Current Odometer: 7,751 km total
Available Now: 30,681 km/year (2,557 per month)
Excess Km Cost: 0.16 CAD/km

See all Details

Lease Takeover Temporary Image

CAD/month x 47 months

2018 Mercedes-Benz GlC300 (ID: #57046)

337

Brampton

2018 Mercedes-Benz

GlC300 Automatic AWD

Payment Details

Current Payment: 337 CAD/month + tax
Months to End: 47 months (Nov, 2028)

Vehicle Status

Contract Allowance: 0 km/year
Current Odometer: 67,000 km total
Available Now: -17,106 km/year (-1,426 per month)

See all Details

TRANSFER my Car Lease in less than 30 days.

Top Deals

+ 2,500 cash

Mercedes-Benz Lease Takeover in Vancouver, BC: 2023 Mercedes-Benz EQB 350 4MATIC Automatic AWD ID:#52147

SAVE ~26,900 CAD

CAD/month x 37 months

2023 Mercedes-Benz EQB 350 4MATIC (ID: #52147)

884

Vancouver, BC

2023 Mercedes-Benz

EQB 350 4MATIC Automatic AWD AMG Line, Premium Package, Intelligent Drive Package, Entertainment & Convenience Package, Performance & Safety Package

Warranty Complete Term
Wear & Tear Coverage

Payment Details

Current Payment: 884 CAD/month + tax
Cash Incentive: 2,500 CAD
Payment After Incentive: 816 CAD/month + tax
Residual Value: 44,696 CAD
Months to End: 37 months (Jan, 2028)

Vehicle Status

Contract Allowance: 12,000 km/year
Current Odometer: 5,200 km total
Available Now: 13,881 km/year (1,157 per month)
Excess Km Cost: 0.20 CAD/km

Deal Special Perks

Hot Lease Takeover Deal
All Main Coverages
High End Vehicle & Options
Lots of FREE Available Km

Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.

See all Details

+ 3,000 cash

BMW Lease Takeover in Toronto : 2022 BMW Alpina XB7 Automatic AWD ID:#54460

CAD/month x 5 months

2022 BMW Alpina XB7 (ID: #54460)

3,083

Toronto, ON

2022 BMW

Alpina XB7 Automatic AWD w/ Warranty Complete Term + Wear & Tear Coverage + Winter Tires Included

Warranty Complete Term
Wear & Tear Coverage
Winter Tires Included

Payment Details

Current Payment: 3,083 CAD/month + tax
Cash Incentive: 3,000 CAD
Payment After Incentive: 2,483 CAD/month + tax
Original Downpayment: 3,416 CAD
Months to End: 5 months (Apr, 2025)

Vehicle Status

Contract Allowance: 12,000 km/year
Current Odometer: 19,300 km total
Available Now: 37,680 km/year (3,140 per month)
Please note that this contract ends in less than a year.

Deal Special Perks

Hot Lease Takeover Deal
Large Cash Incentive
Large Down Payment
All Main Coverages
High End Vehicle & Options
Lots of FREE Available Km
Good Buyout Opportunity
Contract Ending Soon

Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.

See all Details

+ 1,000 cash

Hyundai Lease Takeover in Burnaby: 2023 Hyundai Elantra N-Line Automatic 2WD ID:#52169

SAVE ~3,900 CAD

CAD/month x 38 months

2023 Hyundai Elantra N-Line (ID: #52169)

599

Burnaby, BC

2023 Hyundai

Elantra N-Line Automatic 2WD w/ Warranty Complete Term + Wear & Tear Coverage + Winter Tires Included

Payment Details

Current Payment: 599 CAD/month + tax
Cash Incentive: 1,000 CAD
Payment After Incentive: 573 CAD/month + tax
Residual Value: 13,450 CAD
Months to End: 38 months (Feb, 2028)

Vehicle Status

Contract Allowance: 16,000 km/year
Current Odometer: 15,160 km total
Available Now: 20,476 km/year (1,706 per month)
Excess Km Cost: 0.12 CAD/km

Deal Special Perks

Hot Lease Takeover Deal
Large Cash Incentive
Large Down Payment
All Main Coverages
High End Vehicle & Options
Lots of FREE Available Km
Good Buyout Opportunity

Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.

See all Details

Want to see all available lease for transfer? Lease Takeover Marketplace

Major Lease Takeover Markets:

Local New Car Deals This Month? There Are a Lot

Looking for the top deals in your area or next to where you live? Cash Incentives, Dealer Specific Discounts, Winter Tires, Accessories...

Calgary Best New Car Deals

Calgary

Edmonton Best New Car Deals

Edmonton

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Halifax

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Hamilton

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Mississauga

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Montréal

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Ottawa

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Québec City

Saskatoon Best New Car Deals

Saskatoon

Toronto Best New Car Deals: Car Lease Toronto

Toronto

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Vancouver

Winnipeg Best New Car Deals - Car Leasing

Winnipeg

November 2024 Featured Deals

All rebates, interest rates, and Prov/Fed Taxes are included.

Top Selling SUV in Quebec

Nissan Canada: Nissan Rogue

2024 Nissan Rogue S

CAD/month x 60 months

550

CAD/month tax. included

+81,58

Insurance Monthly Insurance Estimate

2024 Nissan

Rogue S CVT 2WD

Lease It Right Shop by Budget Get More Details Manufacturer Website

60 months lease

Available from November 1st to 30th, 2023.

Top Selling Pickup in Canada

Ford Canada: Ford F150

2024 Ford F-150 Super Crew

CAD/month x 36 months

916

CAD/month tax. included

+81,25

Insurance Monthly Insurance Estimate

2024 Ford

F-150 Super Crew Automatic AWD

Lease It Right Shop by Budget Get More Details Manufacturer Website

36 months lease

Available from November 1st to 30th, 2023.

2023 World Top Selling Car!

Tesla Canada: Tesla Model Y

2024 Tesla Model Y Dual Motor Long Range

CAD/month x 36 months

931

CAD/month tax. included

+91,67

Insurance Monthly Insurance Estimate

2024 Tesla

Model Y Dual Motor Long Range Automatic AWD

Lease It Right Shop by Budget Get More Details Manufacturer Website

36 months lease

Available from November 1st to 30th, 2023.

Most Popular Audi SUV!

Audi Canada: Audi Q5

2024 Audi Q5 Progressiv

CAD/month x 36 months

998

CAD/month tax. included

+94,17

Insurance Monthly Insurance Estimate

2024 Audi

Q5 Progressiv Automatic AWD

Lease It Right Shop by Budget Get More Details Manufacturer Website

36 months lease

Available from November 1st to 30th, 2023.

News, Tips & Updates

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The Auto Market in Canada is getting back to a Buyer's Market

March 24th, 2024

A few weeks ago, I was writing about the Ford F-150 is back in Canada at 0% Financing and offers below MSRP are starting to appear again in the U.S. Well, pretty much we are back on… + continue reading

The Ford F-150 is back in Canada at 0% Financing

The Ford F-150 is back in Canada at 0% Financing

February 25th, 2024

In an exciting turn of events for automotive enthusiasts and prospective buyers, and after a couple of years of high interests hitting into buyers, Ford has reintroduced its much-anticipated 0% APR… + continue reading

Offers below MSRP are starting to appear again in the U.S.

Offers below MSRP are starting to appear again in the U.S.

February 18th, 2024

After the crazy upside down of the past few years, originally caused by the semiconductor shortage, 2019's numbers are slightly returning. Still, a mix between increased MSRP prices and market demand… + continue reading