Calculating a Buyback When You Lease the Vehicle

For exact details on the calculation of the buyback amount refer to the Agreement for Arbitration.
A copy is included with the Claim Form as part of the application package.
The Agreement for Arbitration can also be viewed on-line

Step 1 Select a province:	Select A Province... P.E.I. Newfoundland Nova Scotia New Brunswick Ontario Quebec Manitoba Saskatchewan Alberta British Columbia Yukon N.W.T.
Step 2 The amount paid as the security deposit for the vehicle. This amount should be taken directly from your lease agreement:	$
Step 3 Insert the Downpayment (including the value of your trade-in, if applicable) as shown on your lease agreement:	$
Step 4 Number of months shown on your lease agreement (i.e., 24, 36, 48, 60 months):
Step 5 Number of months your vehicle has been in service:
Step 6 Number of kilometres allowed in your lease agreement:
Step 7 Number of kilometres on your vehicle. To be used by the arbitrator on the date of the hearing. (odometer reading):
Step 8 The excess kilometre rate (shown on your lease agreement) - (i.e., 0.12 = 12 cents per kilometre):	$

Calculation Results
Number of months remaining on your lease:
Excess kilometres if this number is a minus number:
The downpayment or deposit (including the value of your trade-in if applicable) prorated over the term of the lease:	$
Less a reduction for use for excess kilometres driven prior to the date of the arbitration hearing:	$
Subtotal:	$
GST (or HST):	$
Buyback Amount: This is the price that is used to calculate the CAMVAP Buyback for a vehicle that you lease	$

For exact details on the calculation of the buyback amount refer to the Agreement for Arbitration.
A copy is included with the Claim Form as part of the application package.
The Agreement for Arbitration can also be view on-line