Payment Analysis

642.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 642.00 CAD/month
  • 296.31 CAD/bi-weekly
  • 148.15 CAD/week
  • 7,704.00 CAD/year
Incl. Alberta Taxes (5%):
  • 674.10 CAD/month
  • 311.12 CAD/bi-weekly
  • 155.56 CAD/week
  • 8,089.20 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: 1,244 ~ 2,144 CAD

compared to leasing a BRAND NEW:

  • Toyota Tundra li>
  • for 36 months
  • in Alberta
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 654
This Contract (CAD/month) 642
Monthly Difference 12 CAD/month
Remaining Term x 37 months
Total Monthly Difference = 444 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,244 ~ 2,144

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 73,362 CAD
  • Total Vehicle Debt: 88,706 CAD
  • Paid so Far: 15,344 CAD (17% Paid)
  • Remaining Lease Payments: 23,754 CAD
  • Residual Value: 49,608 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 15,344 CAD Total Vehicle Value: 88,706 CAD
17% Paid
83%
Vehicle Debt Breakdown
Downpayment: 578 CAD Remaining Term: 23,754 CAD
Term Paid so Far: 14,766 CAD Residual Value: 49,608 CAD
0%
17%
26%
57%
Cost to Own
Already Paid: 15,344 CAD (17%)
Cash Incentive: 0 CAD Buyout Price Today: 73,362 CAD
17% Paid
0%
83%
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: 73,362 CAD

  • 4.9%Interest Rate x 48 months
  • 1,686 CAD/month + tax
  • Total Payable: 80,935 CAD
  • Total Interest: 7,573 CAD
  • 8.9%Interest Rate x 48 months
  • 1,822 CAD/month + tax
  • Total Payable: 87,462 CAD
  • Total Interest: 14,100 CAD
  • 14.9%Interest Rate x 48 months
  • 2,038 CAD/month + tax
  • Total Payable: 97,824 CAD
  • Total Interest: 24,462 CAD

At the end of the Lease Contract

Residual Value: 49,608 CAD (in 37 months)

  • 4.9%Interest Rate x 48 months
  • 1,140 CAD/month + tax
  • Total Payable: 54,729 CAD
  • Total Interest: 5,121 CAD
  • 8.9%Interest Rate x 48 months
  • 1,232 CAD/month + tax
  • Total Payable: 59,143 CAD
  • Total Interest: 9,535 CAD
  • 14.9%Interest Rate x 48 months
  • 1,378 CAD/month + tax
  • Total Payable: 66,149 CAD
  • Total Interest: 16,541 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)
32.10
  • + tax
  • + fuel
  • + insurance
(or 0.32CAD per km)
  • 38.52CAD/100km (Original Contract back in Feb, 2017)
Time Analysis
Cost per day: (CAD)
21.11
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
461.54
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 384.62km/week (Contract Original back in Feb, 2017)

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