Payment Analysis

398.23CAD/monthin Markham, ON
    Before Taxes:
  • 398.23 CAD/month
  • 183.80 CAD/bi-weekly
  • 91.90 CAD/week
  • 4,778.76 CAD/year
Incl. Ontario Taxes (13%):
  • 450.00 CAD/month
  • 207.69 CAD/bi-weekly
  • 103.85 CAD/week
  • 5,400.00 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: 1,820 ~ 2,220 CAD

compared to leasing a BRAND NEW:

  • Acura ILX Premium
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 413
This Contract (CAD/month) 398
Monthly Difference 15 CAD/month
Remaining Term x 48 months
Total Monthly Difference = 720 CAD
+ Cash Incentive** (CAD) + 300
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,820 ~ 2,220
** "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: 34,490 CAD
  • Total Vehicle Debt: 34,790 CAD
  • Paid so Far: 0 CAD (0% Paid)
  • Remaining Lease Payments: 19,115 CAD
  • Residual Value: 15,675 CAD
  • Cash Incentive: 300 CAD
Vehicle Debt & Value
Paid so far: 0 CAD Total Vehicle Value: 34,790 CAD
0% Paid
100%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 19,115 CAD
Term Paid so Far: 0 CAD Residual Value: 15,675 CAD
0%
0%
54%
46%
Cost to Own
Already Paid: 0 CAD (0%)
Cash Incentive: 300 CAD Buyout Price Today: 34,490 CAD
0% Paid
0%
100%
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: 34,490 CAD

  • 4.9%Interest Rate x 48 months
  • 793 CAD/month + tax
  • Total Payable: 38,051 CAD
  • Total Interest: 3,561 CAD
  • 8.9%Interest Rate x 48 months
  • 857 CAD/month + tax
  • Total Payable: 41,119 CAD
  • Total Interest: 6,629 CAD
  • 14.9%Interest Rate x 48 months
  • 958 CAD/month + tax
  • Total Payable: 45,991 CAD
  • Total Interest: 11,500 CAD

At the end of the Lease Contract

Residual Value: 15,675 CAD (in 48 months)

  • 4.9%Interest Rate x 48 months
  • 360 CAD/month + tax
  • Total Payable: 17,293 CAD
  • Total Interest: 1,618 CAD
  • 8.9%Interest Rate x 48 months
  • 389 CAD/month + tax
  • Total Payable: 18,688 CAD
  • Total Interest: 3,013 CAD
  • 14.9%Interest Rate x 48 months
  • 435 CAD/month + tax
  • Total Payable: 20,902 CAD
  • Total Interest: 5,227 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)
85.52
  • + tax
  • + fuel
  • + insurance
(inlcuding the 300CAD incentive)
Time Analysis
Cost per day: (CAD)
12.89
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 300CAD incentive)
Remaining Km
Can be driven up to:
105.77
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD

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