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: 2,045 ~ 2,445 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 63 months
Total Monthly Difference = 945 CAD
+ Cash Incentive** (CAD) + 300
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,045 ~ 2,445
** "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: 40,463 CAD
  • Total Vehicle Debt: 34,790 CAD
  • Paid so Far: -5,973 CAD (-18% Paid)
  • Remaining Lease Payments: 25,088 CAD
  • Residual Value: 15,675 CAD
  • Cash Incentive: 300 CAD
Vehicle Debt & Value
Paid so far: -5,973 CAD Total Vehicle Value: 34,790 CAD
-18% Paid
118%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 25,088 CAD
Term Paid so Far: -5,973 CAD Residual Value: 15,675 CAD
0%
-18%
72%
46%
Cost to Own
Already Paid: -5,973 CAD (-18%)
Cash Incentive: 300 CAD Buyout Price Today: 40,463 CAD
-18% Paid
0%
118%
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: 40,463 CAD

  • 4.9%Interest Rate x 48 months
  • 930 CAD/month + tax
  • Total Payable: 44,641 CAD
  • Total Interest: 4,177 CAD
  • 8.9%Interest Rate x 48 months
  • 1,005 CAD/month + tax
  • Total Payable: 48,241 CAD
  • Total Interest: 7,777 CAD
  • 14.9%Interest Rate x 48 months
  • 1,124 CAD/month + tax
  • Total Payable: 53,956 CAD
  • Total Interest: 13,492 CAD

At the end of the Lease Contract

Residual Value: 15,675 CAD (in 63 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)
112.67
  • + tax
  • + fuel
  • + insurance
(inlcuding the 300CAD incentive)
Time Analysis
Cost per day: (CAD)
12.94
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 300CAD incentive)
Remaining Km
Can be driven up to:
80.59
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD

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