Payment Analysis

688.35CAD/monthin Burlington, ON
    Before Taxes:
  • 688.35 CAD/month
  • 317.70 CAD/bi-weekly
  • 158.85 CAD/week
  • 8,260.20 CAD/year
Incl. Ontario Taxes (13%):
  • 777.84 CAD/month
  • 359.00 CAD/bi-weekly
  • 179.50 CAD/week
  • 9,334.03 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: 4,200 CAD

compared to leasing a BRAND NEW:

  • Lexus RX
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 794
This Contract (CAD/month) 688
Monthly Difference 105 CAD/month
Remaining Term x 40 months
Total Monthly Difference = 4,200 CAD
Total Savings (CAD) = 4,200

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 56,604 CAD
  • Total Vehicle Debt: 61,422 CAD
  • Paid so Far: 4,818 CAD (7% Paid)
  • Remaining Lease Payments: 27,534 CAD
  • Residual Value: 29,070 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 4,818 CAD Total Vehicle Value: 61,422 CAD
7% Paid
93%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 27,534 CAD
Term Paid so Far: 4,818 CAD Residual Value: 29,070 CAD
0%
7%
45%
48%
Cost to Own
Already Paid: 4,818 CAD (7%)
Cash Incentive: 0 CAD Buyout Price Today: 56,604 CAD
7% Paid
0%
93%
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: 56,604 CAD

  • 4.9%Interest Rate x 48 months
  • 1,301 CAD/month + tax
  • Total Payable: 62,447 CAD
  • Total Interest: 5,843 CAD
  • 8.9%Interest Rate x 48 months
  • 1,406 CAD/month + tax
  • Total Payable: 67,484 CAD
  • Total Interest: 10,880 CAD
  • 14.9%Interest Rate x 48 months
  • 1,572 CAD/month + tax
  • Total Payable: 75,478 CAD
  • Total Interest: 18,874 CAD

At the end of the Lease Contract

Residual Value: 29,070 CAD (in 40 months)

  • 4.9%Interest Rate x 48 months
  • 668 CAD/month + tax
  • Total Payable: 32,071 CAD
  • Total Interest: 3,001 CAD
  • 8.9%Interest Rate x 48 months
  • 722 CAD/month + tax
  • Total Payable: 34,657 CAD
  • Total Interest: 5,587 CAD
  • 14.9%Interest Rate x 48 months
  • 808 CAD/month + tax
  • Total Payable: 38,763 CAD
  • Total Interest: 9,693 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)
60.74
  • + tax
  • + fuel
  • + insurance
(or 0.61CAD per km)
Time Analysis
Cost per day: (CAD)
22.63
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
261.54
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD

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