Nissan Lease Takeover in Vaughan, ON: 2016 Nissan Maxima SR CVT 2WD ID:#4353

Payment Analysis

490.00CAD/monthin Vaughan, ON

Before Taxes:

490.00 CAD/month
226.15 CAD/bi-weekly
113.08 CAD/week
5,880.00 CAD/year

Incl. Ontario Taxes (13%):

553.70 CAD/month
255.55 CAD/bi-weekly
127.78 CAD/week
6,644.40 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: 39,936 CAD

compared to leasing a BRAND NEW:

Nissan Maxima SR
for 12 months
in Ontario
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,258
This Contract (CAD/month)	490
Monthly Difference	768 CAD/month
Remaining Term	x 52 months
Total Monthly Difference	= 39,936 CAD
Total Savings (CAD)	= 39,936

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 46,080 CAD

Total Vehicle Debt: 47,130 CAD
Paid so Far: 1,050 CAD (2% Paid)
Remaining Lease Payments: 25,480 CAD
Residual Value: 20,600 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 1,050 CAD Total Vehicle Value: 47,130 CAD

2% Paid

98%

Vehicle Debt Breakdown

Downpayment: 3,500 CAD Remaining Term: 25,480 CAD

Term Paid so Far: -2,450 CAD Residual Value: 20,600 CAD

-4%

54%

44%

Cost to Own

Already Paid: 1,050 CAD (2%)

Cash Incentive: 0 CAD Buyout Price Today: 46,080 CAD

2% Paid

98%

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: 46,080 CAD

4.9%Interest Rate x 48 months
1,059 CAD/month + tax
Total Payable: 50,837 CAD
Total Interest: 4,757 CAD

8.9%Interest Rate x 48 months
1,145 CAD/month + tax
Total Payable: 54,937 CAD
Total Interest: 8,857 CAD

14.9%Interest Rate x 48 months
1,280 CAD/month + tax
Total Payable: 61,445 CAD
Total Interest: 15,365 CAD

At the end of the Lease Contract

Residual Value: 20,600 CAD (in 52 months)

4.9%Interest Rate x 48 months
473 CAD/month + tax
Total Payable: 22,727 CAD
Total Interest: 2,127 CAD

8.9%Interest Rate x 48 months
512 CAD/month + tax
Total Payable: 24,559 CAD
Total Interest: 3,959 CAD

14.9%Interest Rate x 48 months
572 CAD/month + tax
Total Payable: 27,469 CAD
Total Interest: 6,869 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)