Payment Analysis
641.30CAD/monthin Toronto, ON
- 641.30 CAD/month
- 295.98 CAD/bi-weekly
- 147.99 CAD/week
- 7,695.60 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 724.67 CAD/month
- 334.46 CAD/bi-weekly
- 167.23 CAD/week
- 8,696.03 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:
13,364 ~ 14,664 CAD
compared to leasing a BRAND NEW:
- Lexus ES 350 Automatic 2WD
- for 24 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 954 |
|---|---|
| This Contract (CAD/month) | 641 |
| Monthly Difference | 313 CAD/month |
| Remaining Term | x 28 months |
| Total Monthly Difference | = 8,764 CAD |
| + Cash Incentive** (CAD) | + 3,000 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 13,364 ~ 14,664 |
| ** "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:
31,089 CAD
- Total Vehicle Debt: 54,611 CAD
- Paid so Far: 20,522 CAD (37% Paid)
- Remaining Lease Payments: 17,956 CAD
- Residual Value: 16,133 CAD
- Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 20,522 CAD Total Vehicle Value: 54,611 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,956 CAD
Term Paid so Far: 20,522 CAD Residual Value: 16,133 CAD
Cost to Own
Already Paid: 20,522 CAD (37%)
Cash Incentive: 3,000 CAD Buyout Price Today: 31,089 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: 31,089 CAD
- 4.9%Interest Rate x 48 months
- 715 CAD/month + tax
- Total Payable: 34,299 CAD
- Total Interest: 3,209 CAD
- 8.9%Interest Rate x 48 months
- 772 CAD/month + tax
- Total Payable: 37,065 CAD
- Total Interest: 5,976 CAD
- 14.9%Interest Rate x 48 months
- 864 CAD/month + tax
- Total Payable: 41,456 CAD
- Total Interest: 10,367 CAD
At the end of the Lease Contract
Residual Value: 16,133 CAD (in 28 months)
- 4.9%Interest Rate x 48 months
- 371 CAD/month + tax
- Total Payable: 17,798 CAD
- Total Interest: 1,665 CAD
- 8.9%Interest Rate x 48 months
- 401 CAD/month + tax
- Total Payable: 19,234 CAD
- Total Interest: 3,101 CAD
- 14.9%Interest Rate x 48 months
- 448 CAD/month + tax
- Total Payable: 21,512 CAD
- Total Interest: 5,379 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)
29.91
- + tax
- + fuel
- + insurance
- 35.91CAD/100km (TODAY without the Cash Incentive)
- 38.48CAD/100km (Original Contract back in Jul, 2017)
Time Analysis
Cost per day: (CAD)
17.56
- + tax
- + insurance
- + km driven & fuel
- 21.08CAD/day (Original Contract back in Jul, 2017)
Remaining Km
Can be driven up to:
412.09
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jul, 2017)
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