Payment Analysis

489.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 489.00 CAD/month
  • 225.69 CAD/bi-weekly
  • 112.85 CAD/week
  • 5,868.00 CAD/year
Incl. Alberta Taxes (5%):
  • 513.45 CAD/month
  • 236.98 CAD/bi-weekly
  • 118.49 CAD/week
  • 6,161.40 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: 3,422 CAD

compared to leasing a BRAND NEW:

  • Acura TLX Elite
  • for 39 months
  • in Alberta
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 607
This Contract (CAD/month) 489
Monthly Difference 118 CAD/month
Remaining Term x 29 months
Total Monthly Difference = 3,422 CAD
Total Savings (CAD) = 3,422

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 36,681 CAD
  • Total Vehicle Debt: 50,483 CAD
  • Paid so Far: 13,802 CAD (27% Paid)
  • Remaining Lease Payments: 14,181 CAD
  • Residual Value: 22,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 13,802 CAD Total Vehicle Value: 50,483 CAD
27% Paid
73%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 14,181 CAD
Term Paid so Far: 8,802 CAD Residual Value: 22,500 CAD
9%
18%
28%
45%
Cost to Own
Already Paid: 13,802 CAD (27%)
Cash Incentive: 0 CAD Buyout Price Today: 36,681 CAD
27% Paid
0%
73%
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: 36,681 CAD

  • 4.9%Interest Rate x 48 months
  • 843 CAD/month + tax
  • Total Payable: 40,468 CAD
  • Total Interest: 3,787 CAD
  • 8.9%Interest Rate x 48 months
  • 911 CAD/month + tax
  • Total Payable: 43,731 CAD
  • Total Interest: 7,050 CAD
  • 14.9%Interest Rate x 48 months
  • 1,019 CAD/month + tax
  • Total Payable: 48,912 CAD
  • Total Interest: 12,231 CAD

At the end of the Lease Contract

Residual Value: 22,500 CAD (in 29 months)

  • 4.9%Interest Rate x 48 months
  • 517 CAD/month + tax
  • Total Payable: 24,823 CAD
  • Total Interest: 2,323 CAD
  • 8.9%Interest Rate x 48 months
  • 559 CAD/month + tax
  • Total Payable: 26,825 CAD
  • Total Interest: 4,325 CAD
  • 14.9%Interest Rate x 48 months
  • 625 CAD/month + tax
  • Total Payable: 30,002 CAD
  • Total Interest: 7,502 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)
26.72
  • + tax
  • + fuel
  • + insurance
(or 0.27CAD per km)
  • 36.68CAD/100km (Original Contract back in Dec, 2017)
Time Analysis
Cost per day: (CAD)
16.08
  • + tax
  • + insurance
  • + km driven & fuel
(0.11CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
422.28
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 307.69km/week (Contract Original back in Dec, 2017)