Payment Analysis

443.00CAD/monthin Scarborough, ON
    Before Taxes:
  • 443.00 CAD/month
  • 204.46 CAD/bi-weekly
  • 102.23 CAD/week
  • 5,316.00 CAD/year
Incl. Ontario Taxes (13%):
  • 500.59 CAD/month
  • 231.04 CAD/bi-weekly
  • 115.52 CAD/week
  • 6,007.08 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: 6,830 ~ 7,730 CAD

compared to leasing a BRAND NEW:

  • Nissan Maxima SV
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 644
This Contract (CAD/month) 443
Monthly Difference 201 CAD/month
Remaining Term x 30 months
Total Monthly Difference = 6,030 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 6,830 ~ 7,730

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 33,290 CAD
  • Total Vehicle Debt: 44,935 CAD
  • Paid so Far: 11,645 CAD (25% Paid)
  • Remaining Lease Payments: 13,290 CAD
  • Residual Value: 20,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 11,645 CAD Total Vehicle Value: 44,935 CAD
25% Paid
75%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 13,290 CAD
Term Paid so Far: 6,645 CAD Residual Value: 20,000 CAD
10%
15%
29%
46%
Cost to Own
Already Paid: 11,645 CAD (25%)
Cash Incentive: 0 CAD Buyout Price Today: 33,290 CAD
25% Paid
0%
75%
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: 33,290 CAD

  • 4.9%Interest Rate x 48 months
  • 765 CAD/month + tax
  • Total Payable: 36,727 CAD
  • Total Interest: 3,437 CAD
  • 8.9%Interest Rate x 48 months
  • 827 CAD/month + tax
  • Total Payable: 39,688 CAD
  • Total Interest: 6,398 CAD
  • 14.9%Interest Rate x 48 months
  • 925 CAD/month + tax
  • Total Payable: 44,390 CAD
  • Total Interest: 11,100 CAD

At the end of the Lease Contract

Residual Value: 20,000 CAD (in 30 months)

  • 4.9%Interest Rate x 48 months
  • 460 CAD/month + tax
  • Total Payable: 22,065 CAD
  • Total Interest: 2,065 CAD
  • 8.9%Interest Rate x 48 months
  • 497 CAD/month + tax
  • Total Payable: 23,844 CAD
  • Total Interest: 3,844 CAD
  • 14.9%Interest Rate x 48 months
  • 556 CAD/month + tax
  • Total Payable: 26,669 CAD
  • Total Interest: 6,669 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)
22.68
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
  • 29.53CAD/100km (Original Contract back in Jul, 2018)
Time Analysis
Cost per day: (CAD)
14.56
  • + tax
  • + insurance
  • + km driven & fuel
(0.11CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
450.77
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 346.15km/week (Contract Original back in Jul, 2018)

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