Toyota RAV4 vs Honda CR-V: which lease leaves you with more money in Canada?
Canada's two best-selling compact SUVs look close on the monthly payment — the real difference shows up at lease end. Below we compare the 2026 RAV4 XLE AWD and CR-V EX-L AWD using live lease programs, provincial tax for Ontario, and a projected market value at return, so you can see whether you hand back a cheque or a bill.
Adjust the lease terms
Side-by-side lease numbers
| Metric |  2026 Toyota RAV4XLE AWD | 2026 Honda CR-VEX-L AWD |
|---|---|---|
| MSRP | $42,150 | $45,090 |
| Lease rate | 6.2% | 6.5% |
| Monthly payment (with tax) | $666 | $729 |
| Residual / buyout at lease end | $24,447 | $25,701 |
| Projected market value at return | $28,662 | $29,759 |
| Equity at return | +$4,763 | +$4,586 |
| True cost per month after equity | $567 | $633 |
| Residual strength | Exceptional (4.8/5) | Exceptional (4.7/5) |
What the numbers say
At 48 months and 20,000 km/year in Ontario, the Toyota RAV4 ends the lease in the stronger position, at +$4,763 of equity. Equity is the gap between what the vehicle is projected to be worth at return and the buyout price written into your contract — positive equity can be taken as cash or rolled into your next lease, while negative equity is money you simply lose.
Change the term, mileage or down payment above and the ranking can flip. Longer leases and higher mileage almost always erode equity, because the vehicle keeps depreciating while the contract buyout stays fixed.
Run these numbers on any vehicle
The same calculation works across every model we track, with your province's taxes and fees applied.
For your research, not a quote. Every figure here is an independent estimate built from published manufacturer programs, provincial tax rules and retained-value award data. We are not a dealer, lender or broker, we are not paid to steer you toward any vehicle or brand, and nothing on this site is financial, tax or legal advice. Confirm the final numbers on your own lease worksheet before you sign. Full terms and disclaimer