Payment Analysis

398.23CAD/monthin Markham, ON
    Before Taxes:
  • 398.23 CAD/month
  • 183.80 CAD/bi-weekly
  • 91.90 CAD/week
  • 4,778.76 CAD/year
Incl. Ontario Taxes (13%):
  • 450.00 CAD/month
  • 207.69 CAD/bi-weekly
  • 103.85 CAD/week
  • 5,400.00 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: 1,940 ~ 2,340 CAD

compared to leasing a BRAND NEW:

  • Acura ILX Premium
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 413
This Contract (CAD/month) 398
Monthly Difference 15 CAD/month
Remaining Term x 56 months
Total Monthly Difference = 840 CAD
+ Cash Incentive** (CAD) + 300
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,940 ~ 2,340
** "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: 37,676 CAD
  • Total Vehicle Debt: 34,790 CAD
  • Paid so Far: -3,186 CAD (-10% Paid)
  • Remaining Lease Payments: 22,301 CAD
  • Residual Value: 15,675 CAD
  • Cash Incentive: 300 CAD
Vehicle Debt & Value
Paid so far: -3,186 CAD Total Vehicle Value: 34,790 CAD
-10% Paid
110%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 22,301 CAD
Term Paid so Far: -3,186 CAD Residual Value: 15,675 CAD
0%
-10%
64%
46%
Cost to Own
Already Paid: -3,186 CAD (-10%)
Cash Incentive: 300 CAD Buyout Price Today: 37,676 CAD
-10% Paid
0%
110%
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: 37,676 CAD

  • 4.9%Interest Rate x 48 months
  • 866 CAD/month + tax
  • Total Payable: 41,565 CAD
  • Total Interest: 3,889 CAD
  • 8.9%Interest Rate x 48 months
  • 936 CAD/month + tax
  • Total Payable: 44,917 CAD
  • Total Interest: 7,241 CAD
  • 14.9%Interest Rate x 48 months
  • 1,047 CAD/month + tax
  • Total Payable: 50,239 CAD
  • Total Interest: 12,563 CAD

At the end of the Lease Contract

Residual Value: 15,675 CAD (in 56 months)

  • 4.9%Interest Rate x 48 months
  • 360 CAD/month + tax
  • Total Payable: 17,293 CAD
  • Total Interest: 1,618 CAD
  • 8.9%Interest Rate x 48 months
  • 389 CAD/month + tax
  • Total Payable: 18,688 CAD
  • Total Interest: 3,013 CAD
  • 14.9%Interest Rate x 48 months
  • 435 CAD/month + tax
  • Total Payable: 20,902 CAD
  • Total Interest: 5,227 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)
100.00
  • + tax
  • + fuel
  • + insurance
(inlcuding the 300CAD incentive)
Time Analysis
Cost per day: (CAD)
12.92
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 300CAD incentive)
Remaining Km
Can be driven up to:
90.66
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD

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