Payment Analysis

641.30CAD/monthin Toronto, ON
    Before Taxes:
  • 641.30 CAD/month
  • 295.98 CAD/bi-weekly
  • 147.99 CAD/week
  • 7,695.60 CAD/year
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: 13,990 ~ 15,290 CAD

compared to leasing a BRAND NEW:

  • Lexus ES 350 Automatic 2WD
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 954
This Contract (CAD/month) 641
Monthly Difference 313 CAD/month
Remaining Term x 30 months
Total Monthly Difference = 9,390 CAD
+ Cash Incentive** (CAD) + 3,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 13,990 ~ 15,290
** "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: 32,372 CAD
  • Total Vehicle Debt: 54,611 CAD
  • Paid so Far: 19,239 CAD (35% Paid)
  • Remaining Lease Payments: 19,239 CAD
  • Residual Value: 16,133 CAD
  • Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 19,239 CAD Total Vehicle Value: 54,611 CAD
35% Paid
65%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 19,239 CAD
Term Paid so Far: 19,239 CAD Residual Value: 16,133 CAD
0%
35%
35%
30%
Cost to Own
Already Paid: 19,239 CAD (35%)
Cash Incentive: 3,000 CAD Buyout Price Today: 32,372 CAD
35% Paid
5%
60%
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: 32,372 CAD

  • 4.9%Interest Rate x 48 months
  • 744 CAD/month + tax
  • Total Payable: 35,714 CAD
  • Total Interest: 3,342 CAD
  • 8.9%Interest Rate x 48 months
  • 804 CAD/month + tax
  • Total Payable: 38,594 CAD
  • Total Interest: 6,222 CAD
  • 14.9%Interest Rate x 48 months
  • 899 CAD/month + tax
  • Total Payable: 43,166 CAD
  • Total Interest: 10,794 CAD

At the end of the Lease Contract

Residual Value: 16,133 CAD (in 30 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)
32.48
  • + tax
  • + fuel
  • + insurance
(inlcuding the 3,000CAD incentive)
Time Analysis
Cost per day: (CAD)
17.80
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 3,000CAD incentive)
Remaining Km
Can be driven up to:
384.62
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD

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