Payment Analysis
583.00CAD/monthin Mississauga, ON
- 583.00 CAD/month
- 269.08 CAD/bi-weekly
- 134.54 CAD/week
- 6,996.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 658.79 CAD/month
- 304.06 CAD/bi-weekly
- 152.03 CAD/week
- 7,905.48 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:
1,084 ~ 1,984 CAD
compared to leasing a BRAND NEW:
- Acura TLX Tech
- for 30 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 578 |
|---|---|
| This Contract (CAD/month) | 583 |
| Monthly Difference | -6 CAD/month |
| Remaining Term | x 36 months |
| Total Monthly Difference | = -216 CAD |
| + Cash Incentive** (CAD) | + 500 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 1,084 ~ 1,984 |
| ** "Cash Incentive" is not just a saving, it is physical money. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
36,488 CAD
- Total Vehicle Debt: 45,984 CAD
- Paid so Far: 8,996 CAD (19% Paid)
- Remaining Lease Payments: 20,988 CAD
- Residual Value: 16,000 CAD
- Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 8,996 CAD Total Vehicle Value: 45,984 CAD
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 20,988 CAD
Term Paid so Far: 6,996 CAD Residual Value: 16,000 CAD
Cost to Own
Already Paid: 8,996 CAD (19%)
Cash Incentive: 500 CAD Buyout Price Today: 36,488 CAD
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: 36,488 CAD
- 4.9%Interest Rate x 48 months
- 839 CAD/month + tax
- Total Payable: 40,255 CAD
- Total Interest: 3,767 CAD
- 8.9%Interest Rate x 48 months
- 906 CAD/month + tax
- Total Payable: 43,501 CAD
- Total Interest: 7,013 CAD
- 14.9%Interest Rate x 48 months
- 1,014 CAD/month + tax
- Total Payable: 48,655 CAD
- Total Interest: 12,167 CAD
At the end of the Lease Contract
Residual Value: 16,000 CAD (in 36 months)
- 4.9%Interest Rate x 48 months
- 368 CAD/month + tax
- Total Payable: 17,652 CAD
- Total Interest: 1,652 CAD
- 8.9%Interest Rate x 48 months
- 397 CAD/month + tax
- Total Payable: 19,075 CAD
- Total Interest: 3,075 CAD
- 14.9%Interest Rate x 48 months
- 444 CAD/month + tax
- Total Payable: 21,335 CAD
- Total Interest: 5,335 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)
33.86
- + tax
- + fuel
- + insurance
- 34.69CAD/100km (TODAY without the Cash Incentive)
- 34.98CAD/100km (Original Contract back in Jan, 2018)
Time Analysis
Cost per day: (CAD)
18.71
- + tax
- + insurance
- + km driven & fuel
- 19.17CAD/day (Original Contract back in Jan, 2018)
Remaining Km
Can be driven up to:
387.82
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jan, 2018)
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