Payment Analysis

706.00CAD/monthin Toronto, ON
    Before Taxes:
  • 706.00 CAD/month
  • 325.85 CAD/bi-weekly
  • 162.92 CAD/week
  • 8,472.00 CAD/year
Incl. Ontario Taxes (13%):
  • 797.78 CAD/month
  • 368.21 CAD/bi-weekly
  • 184.10 CAD/week
  • 9,573.36 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: 5,736 CAD

compared to leasing a BRAND NEW:

  • Tesla Model 3 Standard Plus Rear-Wheel Drive (financed) with the $5,000 incentive applied
  • for 48 months
  • in Ontario
  • $2,500 required down payment
  • 40,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,074
This Contract (CAD/month) 706
Monthly Difference 368 CAD/month
Remaining Term x 2 months
Total Monthly Difference = 736 CAD
+ Cash Incentive** (CAD) + 5,000
Total Savings (CAD) = 5,736
** "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: 16,388 CAD
  • Total Vehicle Debt: 54,664 CAD
  • Paid so Far: 33,276 CAD (60% Paid)
  • Remaining Lease Payments: 1,412 CAD
  • Residual Value: 19,976 CAD
  • Cash Incentive: 5,000 CAD
Vehicle Debt & Value
Paid so far: 33,276 CAD Total Vehicle Value: 54,664 CAD
60% Paid
40%
Vehicle Debt Breakdown
Downpayment: 800 CAD Remaining Term: 1,412 CAD
Term Paid so Far: 32,476 CAD Residual Value: 19,976 CAD
1%
59%
2%
38%
Cost to Own
Already Paid: 33,276 CAD (60%)
Cash Incentive: 5,000 CAD Buyout Price Today: 16,388 CAD
60% Paid
9%
31%
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: 16,388 CAD

  • 4.9%Interest Rate x 48 months
  • 377 CAD/month + tax
  • Total Payable: 18,080 CAD
  • Total Interest: 1,692 CAD
  • 8.9%Interest Rate x 48 months
  • 407 CAD/month + tax
  • Total Payable: 19,538 CAD
  • Total Interest: 3,150 CAD
  • 14.9%Interest Rate x 48 months
  • 455 CAD/month + tax
  • Total Payable: 21,853 CAD
  • Total Interest: 5,465 CAD

At the end of the Lease Contract

Residual Value: 19,976 CAD (in 2 months)

  • 4.9%Interest Rate x 48 months
  • 459 CAD/month + tax
  • Total Payable: 22,039 CAD
  • Total Interest: 2,062 CAD
  • 8.9%Interest Rate x 48 months
  • 496 CAD/month + tax
  • Total Payable: 23,816 CAD
  • Total Interest: 3,840 CAD
  • 14.9%Interest Rate x 48 months
  • 555 CAD/month + tax
  • Total Payable: 26,637 CAD
  • Total Interest: 6,661 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)
-3.59
  • + tax
  • + fuel
  • + insurance
(inlcuding the 5,000CAD incentive)
  • 1.41CAD/100km (TODAY without the Cash Incentive)
  • 33.89CAD/100km (Original Contract back in Sep, 2021)
Time Analysis
Cost per day: (CAD)
-58.98
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 5,000CAD incentive)
  • 23.21CAD/day (Original Contract back in Sep, 2021)
Remaining Km
Can be driven up to:
11,538.46
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 480.77km/week (Contract Original back in Sep, 2021)

Seller Contact Info

This Contract was Already Transferred.

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