The Lease vs. Buy Calculator-Canada at www.helpsme.com shows the cash flows of a lease versus a loan.

Question:

The "Lease vs. Buy Calculator-Canada" at www.helpsme.com shows the cash flows of a lease versus a loan. This calculator assumes that the asset pool is not closed at the end of the lease. A neat feature of this calculator is that it allows you to look up the CCA rate for the asset you are purchasing. Suppose the lease is for a $100,000 Class 45 asset that will have zero and last for 3 years. The company's tax rate is 40% and the is 10%. Assume no yearly maintenance cost and no down payment, if the loan is also three years, can you figure out what the monthly lease payment must be to be indifferent between borrowing and leasing? See if you can figure out the numbers the calculator produces.
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