Lease or loan? See the whole cost.

Interest is the annual nominal contract rate divided by 12, 24, 26 or 52 payments per year. Loans pay at period-end; leases at period-start with a residual at the end. The number of payments is rounded to the nearest whole payment; the resulting duration is shown when it differs from the entered months. This is an equal-period estimate, not a daily-interest lender quote. No accelerated conversion is implied. At 0% interest, capital less residual is divided across payments. Amounts are not rounded internally.

Loan tax applies to price plus financed taxable fees less an eligible gross trade-in. Net trade-in equals the offer minus old debt. For a lease, net trade-in and before-tax down payment reduce capital; tax is paid on the cash down and each payment. Return fees, excess kilometres and buyout fees use the entered rate. Licence/registration and quoted PPSA/RDPRM charges are non-taxable upfront amounts in this model; enter any taxable portion under taxable fees. Confirm treatment on your dealer quote.

The horizon is the end of the last lease, or the scheduled loan term in loan-only mode. With two leases, the first vehicle is returned and its return charges are paid. New down payment, fees and payments apply to the second vehicle. No trade-in from the returned first vehicle is assumed. The final vehicle can be returned or bought in cash. The loan vehicle’s resale value and the final lease vehicle’s value may differ. No lease is repeated automatically.

No automatic luxury tax, incentives, private-sale rules, tax exemptions, business deductions, variable rates, early termination, wear/damage charges or financed buyout. Include applicable charges and rebates in the quoted selling price. Running costs are fixed monthly averages for each option, not automatic age-based forecasts. Compare written quotes and check mileage limits, wear rules, prepayment and return terms before signing. Your resale values are assumptions; review the low/high scenarios.