A lease is typically financially more advantageous than a loan; your after tax cost of the equipment is usually less with a lease than a loan. The interactive form below is a comparison of the After Tax Cost for an equipment cost amount that you choose. The results outline the differences between leasing from Dominion vs. negotiating a bank loan and making a cash purchase of the equipment.

Equipment Cost Before Tax ($)


Length of Loan or Lease Term in Months


Please select province where purchase will take place for tax purposes


Please select a tax bracket for the calculations


Annual interest rate of loan (%)


 

  HOW TO USE THIS FORM
Enter the equipment cost before tax. Monthly lease payments are subject to tax. The tax applied is either a combination of PST and GST or if you are in the maritimes it is HST instead. The rates quoted are Commercial Lessee rates based on traditional lender approval (O.A.C). Only the INITIAL LEASE PAYMENT is required to start the lease. Please note that the rates may change if the application is submitted to a secondary lender and then the FIRST and LAST lease payment will be required to start the lease. The typical term for a computer lease is 36 months. Longer lease terms than 42 months may be available. The interest rate you enter does not affect the lease; it is used to calculate the loan payments. The data supplied by this comparison is meant only as a guide to the advantages of leasing.

Please note that the results are generated by a JavaScript program and open in a new window so you can print them (CTRL+P). You can simply close the window after you are done printing or if you don't need to print.

Copyright © 2001 Dominion Leasing Services Inc. All rights reserved.