Payment Analysis

140.00CAD/monthin Mississauga, ON
    Before Taxes:
  • 140.00 CAD/month
  • 64.62 CAD/bi-weekly
  • 32.31 CAD/week
  • 1,680.00 CAD/year
Incl. Ontario Taxes (13%):
  • 158.20 CAD/month
  • 73.02 CAD/bi-weekly
  • 36.51 CAD/week
  • 1,898.40 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: 34,278 CAD

compared to leasing a BRAND NEW:

  • Lexus RX350
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 731
This Contract (CAD/month) 140
Monthly Difference 591 CAD/month
Remaining Term x 58 months
Total Monthly Difference = 34,278 CAD
Total Savings (CAD) = 34,278

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 42,219 CAD
  • Total Vehicle Debt: 52,879 CAD
  • Paid so Far: 10,660 CAD (20% Paid)
  • Remaining Lease Payments: 8,120 CAD
  • Residual Value: 34,099 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 10,660 CAD Total Vehicle Value: 52,879 CAD
20% Paid
80%
Vehicle Debt Breakdown
Downpayment: 15,000 CAD Remaining Term: 8,120 CAD
Term Paid so Far: -4,340 CAD Residual Value: 34,099 CAD
28%
-8%
15%
65%
Cost to Own
Already Paid: 10,660 CAD (20%)
Cash Incentive: 0 CAD Buyout Price Today: 42,219 CAD
20% Paid
0%
80%
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: 42,219 CAD

  • 4.9%Interest Rate x 48 months
  • 970 CAD/month + tax
  • Total Payable: 46,577 CAD
  • Total Interest: 4,358 CAD
  • 8.9%Interest Rate x 48 months
  • 1,049 CAD/month + tax
  • Total Payable: 50,334 CAD
  • Total Interest: 8,115 CAD
  • 14.9%Interest Rate x 48 months
  • 1,173 CAD/month + tax
  • Total Payable: 56,297 CAD
  • Total Interest: 14,078 CAD

At the end of the Lease Contract

Residual Value: 34,099 CAD (in 58 months)

  • 4.9%Interest Rate x 48 months
  • 784 CAD/month + tax
  • Total Payable: 37,619 CAD
  • Total Interest: 3,520 CAD
  • 8.9%Interest Rate x 48 months
  • 847 CAD/month + tax
  • Total Payable: 40,653 CAD
  • Total Interest: 6,554 CAD
  • 14.9%Interest Rate x 48 months
  • 947 CAD/month + tax
  • Total Payable: 45,469 CAD
  • Total Interest: 11,370 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)
33.08
  • + tax
  • + fuel
  • + insurance
(or 0.33CAD per km)
Time Analysis
Cost per day: (CAD)
4.60
  • + tax
  • + insurance
  • + km driven & fuel
(0.06CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
97.68
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD

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