Payment Analysis

348.22CAD/monthin Toronto, ON
    Before Taxes:
  • 348.22 CAD/month
  • 160.72 CAD/bi-weekly
  • 80.36 CAD/week
  • 4,178.64 CAD/year
Incl. Ontario Taxes (13%):
  • 393.49 CAD/month
  • 181.61 CAD/bi-weekly
  • 90.81 CAD/week
  • 4,721.86 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: 6,595 CAD

compared to leasing a BRAND NEW:

  • Toyota RAV4 LE AWD
  • for 24 months
  • in Ontario
  • $0 down payment
  • 28,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 613
This Contract (CAD/month) 348
Monthly Difference 265 CAD/month
Remaining Term x 23 months
Total Monthly Difference = 6,095 CAD
+ Cash Incentive** (CAD) + 500
Total Savings (CAD) = 6,595
** "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: 24,717 CAD
  • Total Vehicle Debt: 34,744 CAD
  • Paid so Far: 9,527 CAD (27% Paid)
  • Remaining Lease Payments: 8,009 CAD
  • Residual Value: 17,208 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 9,527 CAD Total Vehicle Value: 34,744 CAD
27% Paid
73%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 8,009 CAD
Term Paid so Far: 4,527 CAD Residual Value: 17,208 CAD
14%
13%
23%
50%
Cost to Own
Already Paid: 9,527 CAD (27%)
Cash Incentive: 500 CAD Buyout Price Today: 24,717 CAD
27% Paid
1%
72%
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: 24,717 CAD

  • 4.9%Interest Rate x 48 months
  • 568 CAD/month + tax
  • Total Payable: 27,269 CAD
  • Total Interest: 2,552 CAD
  • 8.9%Interest Rate x 48 months
  • 614 CAD/month + tax
  • Total Payable: 29,468 CAD
  • Total Interest: 4,751 CAD
  • 14.9%Interest Rate x 48 months
  • 687 CAD/month + tax
  • Total Payable: 32,959 CAD
  • Total Interest: 8,242 CAD

At the end of the Lease Contract

Residual Value: 17,208 CAD (in 23 months)

  • 4.9%Interest Rate x 48 months
  • 396 CAD/month + tax
  • Total Payable: 18,985 CAD
  • Total Interest: 1,776 CAD
  • 8.9%Interest Rate x 48 months
  • 427 CAD/month + tax
  • Total Payable: 20,516 CAD
  • Total Interest: 3,308 CAD
  • 14.9%Interest Rate x 48 months
  • 478 CAD/month + tax
  • Total Payable: 22,946 CAD
  • Total Interest: 5,738 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)
11.95
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 12.75CAD/100km (TODAY without the Cash Incentive)
  • 19.29CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
10.73
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 11.45CAD/day (Original Contract back in Aug, 2020)
Remaining Km
Can be driven up to:
630.41
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 416.65km/week (Contract Original back in Aug, 2020)

Seller Contact Info

This Contract was Already Transferred.

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