Payment Analysis

545.00CAD/monthin Toronto, ON
    Before Taxes:
  • 545.00 CAD/month
  • 251.54 CAD/bi-weekly
  • 125.77 CAD/week
  • 6,540.00 CAD/year
Incl. Ontario Taxes (13%):
  • 615.85 CAD/month
  • 284.24 CAD/bi-weekly
  • 142.12 CAD/week
  • 7,390.20 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: 3,062 ~ 3,962 CAD

compared to leasing a BRAND NEW:

  • Lexus IS Automatic 2019
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 603
This Contract (CAD/month) 545
Monthly Difference 58 CAD/month
Remaining Term x 39 months
Total Monthly Difference = 2,262 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,062 ~ 3,962

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 49,255 CAD
  • Total Vehicle Debt: 61,255 CAD
  • Paid so Far: 12,000 CAD (19% Paid)
  • Remaining Lease Payments: 21,255 CAD
  • Residual Value: 28,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 12,000 CAD Total Vehicle Value: 61,255 CAD
19% Paid
81%
Vehicle Debt Breakdown
Downpayment: 12,000 CAD Remaining Term: 21,255 CAD
Term Paid so Far: 0 CAD Residual Value: 28,000 CAD
19%
0%
34%
47%
Cost to Own
Already Paid: 12,000 CAD (19%)
Cash Incentive: 0 CAD Buyout Price Today: 49,255 CAD
19% Paid
0%
81%
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: 49,255 CAD

  • 4.9%Interest Rate x 48 months
  • 1,132 CAD/month + tax
  • Total Payable: 54,340 CAD
  • Total Interest: 5,085 CAD
  • 8.9%Interest Rate x 48 months
  • 1,223 CAD/month + tax
  • Total Payable: 58,722 CAD
  • Total Interest: 9,467 CAD
  • 14.9%Interest Rate x 48 months
  • 1,368 CAD/month + tax
  • Total Payable: 65,679 CAD
  • Total Interest: 16,424 CAD

At the end of the Lease Contract

Residual Value: 28,000 CAD (in 39 months)

  • 4.9%Interest Rate x 48 months
  • 644 CAD/month + tax
  • Total Payable: 30,891 CAD
  • Total Interest: 2,891 CAD
  • 8.9%Interest Rate x 48 months
  • 695 CAD/month + tax
  • Total Payable: 33,382 CAD
  • Total Interest: 5,382 CAD
  • 14.9%Interest Rate x 48 months
  • 778 CAD/month + tax
  • Total Payable: 37,336 CAD
  • Total Interest: 9,336 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)
55.93
  • + tax
  • + fuel
  • + insurance
(or 0.56CAD per km)
Time Analysis
Cost per day: (CAD)
17.92
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
224.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD

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