Lease or buy a new car in Ontario?
Every model with an advertised lease offer, against buying it with cash and selling after the same months.
The short answer
Buying usually costs less, because you keep what the car is still worth. A lease wins mostly where the brand subsidises the rate or residual.
28 of 69Leases cheaper than buying
$37/moTypical extra for leasing
Lease minus buying, a month · green = lease costs less
Infiniti QX80 Luxe−$636
Mazda CX-90 Plug-in Hybrid GS−$341
Infiniti QX60 Luxe−$268
Subaru Solterra Touring−$231
Mazda CX-70 Plug-in Hybrid GS-SC−$231
Honda Passport Trailsport+$215
Honda Civic Si+$214
Acura RDX+$213
Honda Civic Hatchback Sport Hybrid+$213
Honda CR-V LX 2WD+$185
Where the lease costs less28 models
| 2027 Infiniti QX80 Luxe | 0.99%, 36 mo | $2,705 | $2,951 | $3,587 | ✓ Lease $636 less |
| 2026 Mazda CX-90 Plug-in Hybrid GS | 0.49%, 36 mo | $988 | $1,138 | $1,479 | ✓ Lease $341 less |
| 2027 Infiniti QX60 Luxe | 1.99%, 36 mo | $1,862 | $2,057 | $2,326 | ✓ Lease $268 less |
| 2027 Subaru Solterra Touring | 3.99%, 24 mo | $1,080 | $1,273 | $1,504 | ✓ Lease $231 less |
| 2026 Mazda CX-70 Plug-in Hybrid GS-SC | 0.49%, 36 mo | $989 | $1,142 | $1,373 | ✓ Lease $231 less |
| 2026 Mazda CX-90 GS | 0.49%, 36 mo | $1,190 | $1,347 | $1,577 | ✓ Lease $230 less |
| 2027 Subaru Trailseeker Touring | 3.99%, 24 mo | $1,370 | $1,576 | $1,789 | ✓ Lease $213 less |
| 2027 Subaru Uncharted FWD | 3.99%, 24 mo | $916 | $1,101 | $1,302 | ✓ Lease $201 less |
| 2027 Polestar 2 Long range Dual motor | 0.7%, 48 mo | $1,486 | $1,681 | $1,875 | ✓ Lease $195 less |
| 2026 Subaru Outback Touring | 1.99%, 24 mo | $1,139 | $1,327 | $1,488 | ✓ Lease $161 less |
| 2027 Nissan LEAF S FWD | 0.89%, 60 mo | $656 | $771 | $931 | ✓ Lease $160 less |
| 2026 Mazda CX-70 GS-L | 0.49%, 36 mo | $1,243 | $1,406 | $1,541 | ✓ Lease $135 less |
| 2027 Infiniti QX65 Luxe | 1.99%, 36 mo | $1,804 | $1,998 | $2,118 | ✓ Lease $120 less |
| 2026 Subaru Forester Convenience | 0.99%, 24 mo | $1,002 | $1,183 | $1,287 | ✓ Lease $104 less |
| 2026 Genesis GV80 2.5T Adv Tech Package AWD | 1.9%, 39 mo | $1,842 | $2,045 | $2,134 | ✓ Lease $88 less |
| 2026 Mazda CX-30 GX | 1.99%, 36 mo | $915 | $1,057 | $1,131 | ✓ Lease $74 less |
| 2026 Genesis GV70 Advanced 2.5T AWD | 1.9%, 39 mo | $1,426 | $1,601 | $1,664 | ✓ Lease $63 less |
| 2027 Polestar 4 Rear motor | 3.29%, 48 mo | $1,496 | $1,694 | $1,754 | ✓ Lease $60 less |
| 2026 Subaru Impreza Convenience 5-door | 0.99%, 24 mo | $897 | $1,074 | $1,133 | ✓ Lease $60 less |
| 2026 Genesis G70 Advanced 2.5T | 1.9%, 39 mo | $1,400 | $1,569 | $1,628 | ✓ Lease $59 less |
| 2026 Mazda CX-5 GX | 1.99%, 36 mo | $1,033 | $1,181 | $1,237 | ✓ Lease $56 less |
| 2026 Hyundai IONIQ 9 Essential RWD | 5.29%, 60 mo | $1,238 | $1,424 | $1,475 | ✓ Lease $51 less |
| 2027 Mitsubishi Eclipse Sportback EV | 4.49%, 60 mo | $1,043 | $1,209 | $1,252 | ✓ Lease $43 less |
| 2027 Nissan Ariya SV FWD | 5.89%, 60 mo | $1,014 | $1,172 | $1,202 | ✓ Lease $31 less |
| 2026 Nissan Armada SL AT 4x4 | 5.89%, 60 mo | $2,092 | $2,334 | $2,352 | ✓ Lease $19 less |
| 2026 Mitsubishi Outlander ES S-AWC | 3.59%, 60 mo | $1,028 | $1,165 | $1,179 | ✓ Lease $15 less |
| 2026 Mitsubishi RVR ES FWD | 2.49%, 60 mo | $826 | $941 | $951 | ✓ Lease $10 less |
| 2026 Subaru WRX Sport | 3.49%, 24 mo | $1,257 | $1,446 | $1,454 | ✓ Lease $8 less |
✓ Lease $636 less
Lease vs buy
✓ Lease $341 less
Lease vs buy
✓ Lease $268 less
Lease vs buy
✓ Lease $231 less
Lease vs buy
✓ Lease $231 less
Lease vs buy
✓ Lease $230 less
Lease vs buy
✓ Lease $213 less
Lease vs buy
✓ Lease $201 less
Lease vs buy
✓ Lease $195 less
Lease vs buy
✓ Lease $161 less
Lease vs buy
✓ Lease $160 less
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✓ Lease $135 less
Lease vs buy
✓ Lease $120 less
Lease vs buy
✓ Lease $104 less
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✓ Lease $88 less
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✓ Lease $74 less
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✓ Lease $63 less
Lease vs buy
✓ Lease $60 less
Lease vs buy
✓ Lease $60 less
Lease vs buy
✓ Lease $59 less
Lease vs buy
✓ Lease $56 less
Lease vs buy
✓ Lease $51 less
Lease vs buy
✓ Lease $43 less
Lease vs buy
✓ Lease $31 less
Lease vs buy
✓ Lease $19 less
Lease vs buy
✓ Lease $15 less
Lease vs buy
✓ Lease $10 less
Lease vs buy
✓ Lease $8 less
Lease vs buy
Where buying costs less41 models
| 2026 Hyundai Kona Electric Preferred | 6.49%, 60 mo | $898 | $1,046 | $1,041 | Buy $5 less |
| 2026 Hyundai Tucson Preferred AWD | 5.19%, 60 mo | $999 | $1,134 | $1,124 | Buy $10 less |
| 2027 Hyundai Kona Essential FWD | 4.99%, 60 mo | $847 | $969 | $955 | Buy $14 less |
| 2026 Mazda MX-5 GS | 3.49%, 36 mo | $1,072 | $1,223 | $1,191 | Buy $32 less |
| 2027 Volkswagen Jetta Comfortline | 3.99%, 51 mo | $983 | $1,113 | $1,079 | Buy $33 less |
| 2027 Subaru Crosstrek Convenience | 4.99%, 24 mo | $1,051 | $1,235 | $1,199 | Buy $36 less |
| 2026 Mazda3 GX | 2.49%, 36 mo | $944 | $1,085 | $1,049 | Buy $37 less |
| 2026 Mazda3 Sport GX | 2.49%, 36 mo | $925 | $1,068 | $1,030 | Buy $38 less |
| 2026 Acura Integra A Spec | 2.99%, 48 mo | $1,297 | $1,452 | $1,413 | Buy $39 less |
| 2026 Mitsubishi Eclipse Cross ES S-AWC | 4.99%, 60 mo | $980 | $1,109 | $1,066 | Buy $43 less |
Buy $5 less
Lease vs buy
Buy $10 less
Lease vs buy
Buy $14 less
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Buy $32 less
Lease vs buy
Buy $33 less
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Buy $36 less
Lease vs buy
Buy $37 less
Lease vs buy
Buy $38 less
Lease vs buy
Buy $39 less
Lease vs buy
Buy $43 less
Lease vs buy
When a lease makes sense
- The brand subsidises it: a low rate or a high residual can beat buying.
- You want a new car every three or four years and would trade in anyway.
- You drive less than the allowance. Extra km cost about $0.15 each, plus HST.
- An EV whose resale is uncertain: the residual is the brand's risk, not yours.
The brand's own offer (rate and term), $3,000 down, 18,000 km a year, Toronto driver aged 35 to 59. True cost a month = everything paid (down payment, payments, fuel, insurance, upkeep), plus what that money could have earned at 5% a year, and for buying minus resale, ÷ months. "Buy with cash, sell after" uses our used-price resale estimate for the same months. Lease offers change monthly; confirm with the dealer. Compare any car both ways in the finder.