Toyota Lease Takeover in Mississauga, ON: 2020 Toyota Prius Prime Upgrade Technology Automatique 2WD ID:#34197 • LeaseCosts Canada

Payment Analysis

499.00CAD/monthin Mississauga, ON

Before Taxes:

499.00 CAD/month
230.31 CAD/bi-weekly
115.15 CAD/week
5,988.00 CAD/year

Incl. Ontario Taxes (13%):

563.87 CAD/month
260.25 CAD/bi-weekly
130.12 CAD/week
6,766.44 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: 5,140 ~ 6,040 CAD

compared to leasing a BRAND NEW:

Toyota Prius Prime 2WD
for 24 months
in Ontario
$0 down payment
16,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	589
This Contract (CAD/month)	499
Monthly Difference	90 CAD/month
Remaining Term	x 26 months
Total Monthly Difference	= 2,340 CAD
+ Cash Incentive** (CAD)	+ 2,000
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 5,140 ~ 6,040
	** "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: 28,069 CAD

Total Vehicle Debt: 40,548 CAD
Paid so Far: 10,479 CAD (25% Paid)
Remaining Lease Payments: 12,974 CAD
Residual Value: 17,095 CAD
Cash Incentive: 2,000 CAD

Vehicle Debt & Value

Paid so far: 10,479 CAD Total Vehicle Value: 40,548 CAD

25% Paid

75%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 12,974 CAD

Term Paid so Far: 10,479 CAD Residual Value: 17,095 CAD

25%

32%

43%

Cost to Own

Already Paid: 10,479 CAD (25%)

Cash Incentive: 2,000 CAD Buyout Price Today: 28,069 CAD

25% Paid

71%

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: 28,069 CAD

4.9%Interest Rate x 48 months
645 CAD/month + tax
Total Payable: 30,967 CAD
Total Interest: 2,898 CAD

8.9%Interest Rate x 48 months
697 CAD/month + tax
Total Payable: 33,464 CAD
Total Interest: 5,395 CAD

14.9%Interest Rate x 48 months
780 CAD/month + tax
Total Payable: 37,428 CAD
Total Interest: 9,359 CAD

At the end of the Lease Contract

Residual Value: 17,095 CAD (in 26 months)

4.9%Interest Rate x 48 months
393 CAD/month + tax
Total Payable: 18,860 CAD
Total Interest: 1,765 CAD

8.9%Interest Rate x 48 months
425 CAD/month + tax
Total Payable: 20,381 CAD
Total Interest: 3,286 CAD

14.9%Interest Rate x 48 months
475 CAD/month + tax
Total Payable: 22,795 CAD
Total Interest: 5,700 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)