Payment Analysis

420.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 420.00 CAD/month
  • 193.85 CAD/bi-weekly
  • 96.92 CAD/week
  • 5,040.00 CAD/year
Incl. Alberta Taxes (5%):
  • 441.00 CAD/month
  • 203.54 CAD/bi-weekly
  • 101.77 CAD/week
  • 5,292.00 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: 6,072 CAD

compared to leasing a BRAND NEW:

  • Toyota RAV4 Hybrid LE AWD
  • for 24 months
  • in AB
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 696
This Contract (CAD/month) 420
Monthly Difference 276 CAD/month
Remaining Term x 22 months
Total Monthly Difference = 6,072 CAD
Total Savings (CAD) = 6,072

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,230 CAD
  • Total Vehicle Debt: 37,570 CAD
  • Paid so Far: 11,340 CAD (30% Paid)
  • Remaining Lease Payments: 9,240 CAD
  • Residual Value: 16,990 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 11,340 CAD Total Vehicle Value: 37,570 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 9,240 CAD
Term Paid so Far: 11,340 CAD Residual Value: 16,990 CAD
0%
30%
24%
46%
Cost to Own
Already Paid: 11,340 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 26,230 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: 26,230 CAD

  • 4.9%Interest Rate x 48 months
  • 603 CAD/month + tax
  • Total Payable: 28,938 CAD
  • Total Interest: 2,708 CAD
  • 8.9%Interest Rate x 48 months
  • 651 CAD/month + tax
  • Total Payable: 31,272 CAD
  • Total Interest: 5,042 CAD
  • 14.9%Interest Rate x 48 months
  • 729 CAD/month + tax
  • Total Payable: 34,976 CAD
  • Total Interest: 8,746 CAD

At the end of the Lease Contract

Residual Value: 16,990 CAD (in 22 months)

  • 4.9%Interest Rate x 48 months
  • 390 CAD/month + tax
  • Total Payable: 18,744 CAD
  • Total Interest: 1,754 CAD
  • 8.9%Interest Rate x 48 months
  • 422 CAD/month + tax
  • Total Payable: 20,256 CAD
  • Total Interest: 3,266 CAD
  • 14.9%Interest Rate x 48 months
  • 472 CAD/month + tax
  • Total Payable: 22,655 CAD
  • Total Interest: 5,665 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)
14.98
  • + tax
  • + fuel
  • + insurance
(or 0.15CAD per km)
  • 25.20CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
13.81
  • + tax
  • + insurance
  • + km driven & fuel
(0.15CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
646.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in May, 2018)

Seller Contact Info

This Contract was Already Transferred.

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