Payment Analysis

140.00CAD/monthin Mississauga, ON
    Before Taxes:
  • 140.00 CAD/month
  • 64.62 CAD/bi-weekly
  • 32.31 CAD/week
  • 1,680.00 CAD/year
Incl. Ontario Taxes (13%):
  • 158.20 CAD/month
  • 73.02 CAD/bi-weekly
  • 36.51 CAD/week
  • 1,898.40 CAD/year

Lease Takeover Analysis

The Lease Takeover Analysis "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.

For Leasing Purposes

With this deal, you are saving: 4,728 CAD

compared to leasing a BRAND NEW:

  • Lexus RX350
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 731
This Contract (CAD/month) 140
Monthly Difference 591 CAD/month
Remaining Term x 8 months
Total Monthly Difference = 4,728 CAD
Total Savings (CAD) = 4,728

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 35,219 CAD
  • Total Vehicle Debt: 52,879 CAD
  • Paid so Far: 17,660 CAD (33% Paid)
  • Remaining Lease Payments: 1,120 CAD
  • Residual Value: 34,099 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 17,660 CAD Total Vehicle Value: 52,879 CAD
33% Paid
67%
Vehicle Debt Breakdown
Downpayment: 15,000 CAD Remaining Term: 1,120 CAD
Term Paid so Far: 2,660 CAD Residual Value: 34,099 CAD
28%
5%
2%
65%
Cost to Own
Already Paid: 17,660 CAD
Cash Incentive: 0 CAD Buyout Price Today: 35,219 CAD
33% Paid
0%
67%

Finance the remaining Debt Today

Remaining Term + Residual Value: 35,219 CAD

  • 2.9%Interest Rate x 48 months
  • 778 CAD/month + tax
  • Total Payable: 37,344 CAD
  • Total Interest: 2,125 CAD
  • 4.9%Interest Rate x 48 months
  • 809 CAD/month + tax
  • Total Payable: 38,855 CAD
  • Total Interest: 3,636 CAD
  • 5.9%Interest Rate x 48 months
  • 826 CAD/month + tax
  • Total Payable: 39,624 CAD
  • Total Interest: 4,405 CAD

At the end of the Lease Contract

Residual Value: 34,099 CAD (in 8 months)

  • 2.9%Interest Rate x 48 months
  • 753 CAD/month + tax
  • Total Payable: 36,156 CAD
  • Total Interest: 2,057 CAD
  • 4.9%Interest Rate x 48 months
  • 784 CAD/month + tax
  • Total Payable: 37,619 CAD
  • Total Interest: 3,520 CAD
  • 5.9%Interest Rate x 48 months
  • 799 CAD/month + tax
  • Total Payable: 38,364 CAD
  • Total Interest: 4,265 CAD