Toyota Lease Takeover in Edmonton, Alberta: 2020 Toyota Highlander hybrid limited Automatique AWD ID:#26250 • LeaseCosts Canada

Payment Analysis

850.00CAD/monthin Edmonton, Alberta

Before Taxes:

850.00 CAD/month
392.31 CAD/bi-weekly
196.15 CAD/week
10,200.00 CAD/year

Incl. Alberta Taxes (5%):

892.50 CAD/month
411.92 CAD/bi-weekly
205.96 CAD/week
10,710.00 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: 6,820 ~ 7,720 CAD

compared to leasing a BRAND NEW:

Toyota Highlander Hybrid LE AWD
for 24 months
in AB
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	884
This Contract (CAD/month)	850
Monthly Difference	34 CAD/month
Remaining Term	x 30 months
Total Monthly Difference	= 1,020 CAD
+ Cash Incentive** (CAD)	+ 5,000
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 6,820 ~ 7,720
	** "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: 52,500 CAD

Total Vehicle Debt: 64,600 CAD
Paid so Far: 7,100 CAD (10% Paid)
Remaining Lease Payments: 25,500 CAD
Residual Value: 32,000 CAD
Cash Incentive: 5,000 CAD

Vehicle Debt & Value

Paid so far: 7,100 CAD Total Vehicle Value: 64,600 CAD

10% Paid

90%

Vehicle Debt Breakdown

Downpayment: 2,000 CAD Remaining Term: 25,500 CAD

Term Paid so Far: 5,100 CAD Residual Value: 32,000 CAD

39%

51%

Cost to Own

Already Paid: 7,100 CAD (10%)

Cash Incentive: 5,000 CAD Buyout Price Today: 52,500 CAD

10% Paid

83%

Additional Financing Details

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: 52,500 CAD

4.9%Interest Rate x 48 months
1,207 CAD/month + tax
Total Payable: 57,920 CAD
Total Interest: 5,420 CAD

8.9%Interest Rate x 48 months
1,304 CAD/month + tax
Total Payable: 62,591 CAD
Total Interest: 10,091 CAD

14.9%Interest Rate x 48 months
1,458 CAD/month + tax
Total Payable: 70,006 CAD
Total Interest: 17,506 CAD

At the end of the Lease Contract

Residual Value: 32,000 CAD (in 30 months)

4.9%Interest Rate x 48 months
735 CAD/month + tax
Total Payable: 35,303 CAD
Total Interest: 3,303 CAD

8.9%Interest Rate x 48 months
795 CAD/month + tax
Total Payable: 38,151 CAD
Total Interest: 6,151 CAD

14.9%Interest Rate x 48 months
889 CAD/month + tax
Total Payable: 42,670 CAD
Total Interest: 10,670 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)