Payment Analysis
640.00CAD/monthin Edmonton, AB
- 640.00 CAD/month
- 295.38 CAD/bi-weekly
- 147.69 CAD/week
- 7,680.00 CAD/year
Before Taxes:
Incl. Alberta Taxes (5%):
- 672.00 CAD/month
- 310.15 CAD/bi-weekly
- 155.08 CAD/week
- 8,064.00 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:
1,531 ~ 2,431 CAD
compared to leasing a BRAND NEW:
- Lexus ES 350 Premium Package
- for 48 months
- in Ontario
- $0 down payment
- 16,000 km/year
Leasing New (CAD/month) | 717 |
---|---|
This Contract (CAD/month) | 640 |
Monthly Difference | 77 CAD/month |
Remaining Term | x 3 months |
Total Monthly Difference | = 231 CAD |
+ Cash Incentive** (CAD) | + 500 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 1,531 ~ 2,431 |
** "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:
22,420 CAD
- Total Vehicle Debt: 51,720 CAD
- Paid so Far: 28,800 CAD (55% Paid)
- Remaining Lease Payments: 1,920 CAD
- Residual Value: 21,000 CAD
- Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 28,800 CAD Total Vehicle Value: 51,720 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,920 CAD
Term Paid so Far: 28,800 CAD Residual Value: 21,000 CAD
Cost to Own
Already Paid: 28,800 CAD (55%)
Cash Incentive: 500 CAD Buyout Price Today: 22,420 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: 22,420 CAD
- 4.9%Interest Rate x 48 months
- 515 CAD/month + tax
- Total Payable: 24,734 CAD
- Total Interest: 2,314 CAD
- 8.9%Interest Rate x 48 months
- 557 CAD/month + tax
- Total Payable: 26,729 CAD
- Total Interest: 4,309 CAD
- 14.9%Interest Rate x 48 months
- 623 CAD/month + tax
- Total Payable: 29,896 CAD
- Total Interest: 7,476 CAD
At the end of the Lease Contract
Residual Value: 21,000 CAD (in 3 months)
- 4.9%Interest Rate x 48 months
- 483 CAD/month + tax
- Total Payable: 23,168 CAD
- Total Interest: 2,168 CAD
- 8.9%Interest Rate x 48 months
- 522 CAD/month + tax
- Total Payable: 25,036 CAD
- Total Interest: 4,036 CAD
- 14.9%Interest Rate x 48 months
- 583 CAD/month + tax
- Total Payable: 28,002 CAD
- Total Interest: 7,002 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)
2.27
- + tax
- + fuel
- + insurance
- 3.07CAD/100km (TODAY without the Cash Incentive)
- 48.00CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
15.56
- + tax
- + insurance
- + km driven & fuel
- 21.04CAD/day (Original Contract back in Aug, 2020)
Remaining Km
Can be driven up to:
4,807.69
- km/week
- without any
- additional costs
- 307.69km/week (Contract Original back in Aug, 2020)