Payment Analysis

662.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 662.00 CAD/month
  • 305.54 CAD/bi-weekly
  • 152.77 CAD/week
  • 7,944.00 CAD/year
Incl. Alberta Taxes (5%):
  • 695.10 CAD/month
  • 320.82 CAD/bi-weekly
  • 160.41 CAD/week
  • 8,341.20 CAD/year

Lease Takeover/Buyout Analysis

The Lease Takeover Analysis (LTA) "Leasing Purposes" section is an impartial review made by a Lease Takeover Specialist from LeaseCosts Canada Inc. and should be used as reference. (Learn more about the LTA)

For Leasing Purposes

With this deal, you are saving: 1,551 CAD

compared to leasing a BRAND NEW:

  • Toyota Tundra Off Road 4x4 Double Cab
  • for 60 months
  • in Alberta
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 679
This Contract (CAD/month) 662
Monthly Difference 17 CAD/month
Remaining Term x 3 months
Total Monthly Difference = 51 CAD
+ Cash Incentive** (CAD) + 1,500
Total Savings (CAD) = 1,551
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 22,202 CAD
  • Total Vehicle Debt: 63,422 CAD
  • Paid so Far: 39,720 CAD (62% Paid)
  • Remaining Lease Payments: 1,986 CAD
  • Residual Value: 21,716 CAD
  • Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 39,720 CAD Total Vehicle Value: 63,422 CAD
62% Paid
38%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,986 CAD
Term Paid so Far: 39,720 CAD Residual Value: 21,716 CAD
0%
62%
3%
35%
Cost to Own
Already Paid: 39,720 CAD (62%)
Cash Incentive: 1,500 CAD Buyout Price Today: 22,202 CAD
62% Paid
2%
36%
Interested on financing the vehicle? This section automatically calculates the following scenarios: (Learn more about this financial analysis)

Finance the remaining Debt Today

Remaining Term + Residual Value: 22,202 CAD

  • 4.9%Interest Rate x 48 months
  • 510 CAD/month + tax
  • Total Payable: 24,494 CAD
  • Total Interest: 2,292 CAD
  • 8.9%Interest Rate x 48 months
  • 551 CAD/month + tax
  • Total Payable: 26,469 CAD
  • Total Interest: 4,267 CAD
  • 14.9%Interest Rate x 48 months
  • 617 CAD/month + tax
  • Total Payable: 29,605 CAD
  • Total Interest: 7,403 CAD

At the end of the Lease Contract

Residual Value: 21,716 CAD (in 3 months)

  • 4.9%Interest Rate x 48 months
  • 499 CAD/month + tax
  • Total Payable: 23,958 CAD
  • Total Interest: 2,242 CAD
  • 8.9%Interest Rate x 48 months
  • 539 CAD/month + tax
  • Total Payable: 25,890 CAD
  • Total Interest: 4,174 CAD
  • 14.9%Interest Rate x 48 months
  • 603 CAD/month + tax
  • Total Payable: 28,957 CAD
  • Total Interest: 7,241 CAD

Business Vehicle Analysis

This section is very important if you are interested in the vehicle for Uber, Lyft, Turo, Getaround, vehicle rental or for a business. (Learn more about this section)

Distance Analysis
Cost to drive 100km: (CAD)
0.41
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,500CAD incentive)
  • 1.66CAD/100km (TODAY without the Cash Incentive)
  • 33.10CAD/100km (Original Contract back in Dec, 2019)
Time Analysis
Cost per day: (CAD)
5.33
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,500CAD incentive)
  • 21.76CAD/day (Original Contract back in Dec, 2019)
Remaining Km
Can be driven up to:
9,192.31
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 461.54km/week (Contract Original back in Dec, 2019)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 750 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 702 CAD/month + tax
  • Original Downpayment: 1,000 CAD
  • Months to End: 21 months (Oct, 2026)
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  • Contract Allowance: 20,000 km/year
  • Current Odometer: 52,000 km total
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