Payment Analysis

597.36CAD/monthin Mississauga, ON
    Before Taxes:
  • 597.36 CAD/month
  • 275.70 CAD/bi-weekly
  • 137.85 CAD/week
  • 7,168.32 CAD/year
Incl. Ontario Taxes (13%):
  • 675.02 CAD/month
  • 311.55 CAD/bi-weekly
  • 155.77 CAD/week
  • 8,100.20 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: 4,648 ~ 5,548 CAD

compared to leasing a BRAND NEW:

  • Infiniti Q50 3.0t LUXE AWD
  • for 39 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 674
This Contract (CAD/month) 597
Monthly Difference 77 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 1,848 CAD
+ Cash Incentive** (CAD) + 2,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,648 ~ 5,548
** "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: 28,612 CAD
  • Total Vehicle Debt: 56,519 CAD
  • Paid so Far: 25,908 CAD (45% Paid)
  • Remaining Lease Payments: 14,337 CAD
  • Residual Value: 16,275 CAD
  • Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 25,908 CAD Total Vehicle Value: 56,519 CAD
45% Paid
55%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 14,337 CAD
Term Paid so Far: 20,908 CAD Residual Value: 16,275 CAD
8%
37%
25%
30%
Cost to Own
Already Paid: 25,908 CAD (45%)
Cash Incentive: 2,000 CAD Buyout Price Today: 28,612 CAD
45% Paid
3%
52%
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: 28,612 CAD

  • 4.9%Interest Rate x 48 months
  • 658 CAD/month + tax
  • Total Payable: 31,565 CAD
  • Total Interest: 2,954 CAD
  • 8.9%Interest Rate x 48 months
  • 711 CAD/month + tax
  • Total Payable: 34,111 CAD
  • Total Interest: 5,499 CAD
  • 14.9%Interest Rate x 48 months
  • 795 CAD/month + tax
  • Total Payable: 38,152 CAD
  • Total Interest: 9,540 CAD

At the end of the Lease Contract

Residual Value: 16,275 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 374 CAD/month + tax
  • Total Payable: 17,955 CAD
  • Total Interest: 1,680 CAD
  • 8.9%Interest Rate x 48 months
  • 404 CAD/month + tax
  • Total Payable: 19,403 CAD
  • Total Interest: 3,128 CAD
  • 14.9%Interest Rate x 48 months
  • 452 CAD/month + tax
  • Total Payable: 21,702 CAD
  • Total Interest: 5,427 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)
15.19
  • + tax
  • + fuel
  • + insurance
(inlcuding the 2,000CAD incentive)
  • 17.66CAD/100km (TODAY without the Cash Incentive)
  • 29.87CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
16.90
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 2,000CAD incentive)
  • 19.64CAD/day (Original Contract back in May, 2017)
Remaining Km
Can be driven up to:
780.77
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 461.54km/week (Contract Original back in May, 2017)

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