Arbitration and Mediation Services

Calculating a Buy-back When You Lease The Vehicle

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.

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)	$