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: 3,178 ~ 4,078 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 41 months
Total Monthly Difference = 2,378 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,178 ~ 4,078

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 50,345 CAD
  • Total Vehicle Debt: 61,255 CAD
  • Paid so Far: 10,910 CAD (17% Paid)
  • Remaining Lease Payments: 22,345 CAD
  • Residual Value: 28,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 10,910 CAD Total Vehicle Value: 61,255 CAD
17% Paid
83%
Vehicle Debt Breakdown
Downpayment: 12,000 CAD Remaining Term: 22,345 CAD
Term Paid so Far: -1,090 CAD Residual Value: 28,000 CAD
18%
-1%
36%
47%
Cost to Own
Already Paid: 10,910 CAD (17%)
Cash Incentive: 0 CAD Buyout Price Today: 50,345 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: 50,345 CAD

  • 4.9%Interest Rate x 48 months
  • 1,157 CAD/month + tax
  • Total Payable: 55,542 CAD
  • Total Interest: 5,197 CAD
  • 8.9%Interest Rate x 48 months
  • 1,250 CAD/month + tax
  • Total Payable: 60,022 CAD
  • Total Interest: 9,677 CAD
  • 14.9%Interest Rate x 48 months
  • 1,399 CAD/month + tax
  • Total Payable: 67,132 CAD
  • Total Interest: 16,787 CAD

At the end of the Lease Contract

Residual Value: 28,000 CAD (in 41 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)
58.80
  • + tax
  • + fuel
  • + insurance
(or 0.59CAD 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:
213.88
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD

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