Toyota Lease Takeover in Montreal, QC: 2020 Toyota RAV4 Hybrid LE Automatique AWD ID:#23656 • LeaseCosts Canada

Payment Analysis

460.97CAD/monthin Montreal, QC

Before Taxes:

460.97 CAD/month
212.76 CAD/bi-weekly
106.38 CAD/week
5,531.64 CAD/year

Incl. Québec Taxes (14.98%):

530.02 CAD/month
244.63 CAD/bi-weekly
122.31 CAD/week
6,360.28 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: 2,380 ~ 3,680 CAD

compared to leasing a BRAND NEW:

Toyota RAV4 Hybrid LE AWD Automatic AWD Wear Pass
for 40 months
in QC
$0 down payment
18,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	520
This Contract (CAD/month)	461
Monthly Difference	60 CAD/month
Remaining Term	x 3 months
Total Monthly Difference	= 180 CAD
+ Cash Incentive** (CAD)	+ 600
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 2,380 ~ 3,680
	** "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: 17,665 CAD

Total Vehicle Debt: 44,509 CAD
Paid so Far: 26,244 CAD (58% Paid)
Remaining Lease Payments: 1,383 CAD
Residual Value: 16,882 CAD
Cash Incentive: 600 CAD

Vehicle Debt & Value

Paid so far: 26,244 CAD Total Vehicle Value: 44,509 CAD

58% Paid

42%

Vehicle Debt Breakdown

Downpayment: 5,500 CAD Remaining Term: 1,383 CAD

Term Paid so Far: 20,744 CAD Residual Value: 16,882 CAD

12%

46%

39%

Cost to Own

Already Paid: 26,244 CAD (58%)

Cash Incentive: 600 CAD Buyout Price Today: 17,665 CAD

58% Paid

41%

Additional Financing Details

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: 17,665 CAD

4.9%Interest Rate x 48 months
406 CAD/month + tax
Total Payable: 19,489 CAD
Total Interest: 1,824 CAD

8.9%Interest Rate x 48 months
439 CAD/month + tax
Total Payable: 21,060 CAD
Total Interest: 3,395 CAD

14.9%Interest Rate x 48 months
491 CAD/month + tax
Total Payable: 23,555 CAD
Total Interest: 5,890 CAD

At the end of the Lease Contract

Residual Value: 16,882 CAD (in 3 months)

4.9%Interest Rate x 48 months
388 CAD/month + tax
Total Payable: 18,625 CAD
Total Interest: 1,743 CAD

8.9%Interest Rate x 48 months
419 CAD/month + tax
Total Payable: 20,127 CAD
Total Interest: 3,245 CAD

14.9%Interest Rate x 48 months
469 CAD/month + tax
Total Payable: 22,511 CAD
Total Interest: 5,629 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)