Payment Analysis

956.00CAD/monthin NewMarket, ON
    Before Taxes:
  • 956.00 CAD/month
  • 441.23 CAD/bi-weekly
  • 220.62 CAD/week
  • 11,472.00 CAD/year
Incl. Ontario Taxes (13%):
  • 1,080.28 CAD/month
  • 498.59 CAD/bi-weekly
  • 249.30 CAD/week
  • 12,963.36 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: 2,626 CAD

compared to leasing a BRAND NEW:

  • Tesla Model Y Long Range
  • for 48 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,057
This Contract (CAD/month) 956
Monthly Difference 101 CAD/month
Remaining Term x 26 months
Total Monthly Difference = 2,626 CAD
Total Savings (CAD) = 2,626

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 63,091 CAD
  • Total Vehicle Debt: 91,359 CAD
  • Paid so Far: 28,268 CAD (30% Paid)
  • Remaining Lease Payments: 24,856 CAD
  • Residual Value: 38,235 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 28,268 CAD Total Vehicle Value: 91,359 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 7,236 CAD Remaining Term: 24,856 CAD
Term Paid so Far: 21,032 CAD Residual Value: 38,235 CAD
7%
23%
27%
43%
Cost to Own
Already Paid: 28,268 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 63,091 CAD
30% Paid
0%
70%
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: 63,091 CAD

  • 4.9%Interest Rate x 48 months
  • 1,450 CAD/month + tax
  • Total Payable: 69,604 CAD
  • Total Interest: 6,513 CAD
  • 8.9%Interest Rate x 48 months
  • 1,567 CAD/month + tax
  • Total Payable: 75,217 CAD
  • Total Interest: 12,126 CAD
  • 14.9%Interest Rate x 48 months
  • 1,753 CAD/month + tax
  • Total Payable: 84,128 CAD
  • Total Interest: 21,037 CAD

At the end of the Lease Contract

Residual Value: 38,235 CAD (in 26 months)

  • 4.9%Interest Rate x 48 months
  • 879 CAD/month + tax
  • Total Payable: 42,182 CAD
  • Total Interest: 3,947 CAD
  • 8.9%Interest Rate x 48 months
  • 950 CAD/month + tax
  • Total Payable: 45,584 CAD
  • Total Interest: 7,349 CAD
  • 14.9%Interest Rate x 48 months
  • 1,062 CAD/month + tax
  • Total Payable: 50,984 CAD
  • Total Interest: 12,749 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)
25.36
  • + tax
  • + fuel
  • + insurance
(or 0.25CAD per km)
  • 45.89CAD/100km (Original Contract back in Mar, 2023)
Time Analysis
Cost per day: (CAD)
31.43
  • + tax
  • + insurance
  • + km driven & fuel
(0.13CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
869.82
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 480.77km/week (Contract Original back in Mar, 2023)

Seller Contact Info

This Contract was Already Transferred.

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