If You Lease

For exact details on the calculation of the Buy-back amount refer to the Agreement for Arbitration. A copy of the Agreement for Arbitration is included as part of the application package or can be viewed on-line.

Calculating a Buy-back When You Lease The Vehicle

Use your "TAB" button to move between data fields:

Step 1 The amount paid as the security deposit for the vehicle. This amount should be taken from your lease agreement $ 
Step 2 The downpayment (including the value of your trade-in, if applicable) as shown on your lease agreement $ 
Step 3 Number of months shown on your lease agreement (i.e., 24, 36, 48, 60 months)
Step 4 Number of months your vehicle has been in use at the time of the hearing
Step 5 Number of kilometers allowed in your lease agreement
Step 6 Number of kilometres on your vehicle when leased
Step 7 Estimated number of kilometers on your vehicle on the date of the hearing. To be verified and calculated by the arbitrator on the date of hearing
Step 8 The excess kilometre rate shown on your lease agreement (i.e., 0.2 = 20 cents per kilometre) $ 
Step 9 The before tax amount paid for a Manufacturer Support Extended Service Contract if not included in your lease agreement (if proven) $ 
Step 10 Negative equity amount (if proven) $ 
Step 11 GST or HST rate as shown on your lease agreement
         
Number of months remaining on your lease      
The downpayment or deposit (including the value of your trade-in if applicable) prorated over the remaining term of the lease $   
Excess kilometres travelled      
Less a reduction for use for excess kilometres driven prior to the date of the arbitration hearing $   
Less, if proven, a reduction of use for the before tax amount of the Manufacturer Supported Extended Service Contract $   
Add, if proven, a reduction in the Negative Equity amount owing to the Manufacturer $   
Buy-back Amount (GST or HST Inclusive)  
Ver 2.0