Payment Analysis

353.10CAD/monthin Woodbridge, ON
    Before Taxes:
  • 353.10 CAD/month
  • 162.97 CAD/bi-weekly
  • 81.48 CAD/week
  • 4,237.20 CAD/year
Incl. Ontario Taxes (13%):
  • 399.00 CAD/month
  • 184.16 CAD/bi-weekly
  • 92.08 CAD/week
  • 4,788.04 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: 6,318 CAD

compared to leasing a BRAND NEW:

  • Toyota RAV4
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 515
This Contract (CAD/month) 353
Monthly Difference 162 CAD/month
Remaining Term x 39 months
Total Monthly Difference = 6,318 CAD
Total Savings (CAD) = 6,318

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 25,760 CAD
  • Total Vehicle Debt: 33,175 CAD
  • Paid so Far: 7,415 CAD (22% Paid)
  • Remaining Lease Payments: 13,771 CAD
  • Residual Value: 11,989 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,415 CAD Total Vehicle Value: 33,175 CAD
22% Paid
78%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 13,771 CAD
Term Paid so Far: 7,415 CAD Residual Value: 11,989 CAD
0%
22%
41%
37%
Cost to Own
Already Paid: 7,415 CAD (22%)
Cash Incentive: 0 CAD Buyout Price Today: 25,760 CAD
22% Paid
0%
78%
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: 25,760 CAD

  • 4.9%Interest Rate x 48 months
  • 592 CAD/month + tax
  • Total Payable: 28,419 CAD
  • Total Interest: 2,659 CAD
  • 8.9%Interest Rate x 48 months
  • 640 CAD/month + tax
  • Total Payable: 30,711 CAD
  • Total Interest: 4,951 CAD
  • 14.9%Interest Rate x 48 months
  • 716 CAD/month + tax
  • Total Payable: 34,349 CAD
  • Total Interest: 8,589 CAD

At the end of the Lease Contract

Residual Value: 11,989 CAD (in 39 months)

  • 4.9%Interest Rate x 48 months
  • 276 CAD/month + tax
  • Total Payable: 13,227 CAD
  • Total Interest: 1,238 CAD
  • 8.9%Interest Rate x 48 months
  • 298 CAD/month + tax
  • Total Payable: 14,293 CAD
  • Total Interest: 2,304 CAD
  • 14.9%Interest Rate x 48 months
  • 333 CAD/month + tax
  • Total Payable: 15,987 CAD
  • Total Interest: 3,998 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)
27.99
  • + tax
  • + fuel
  • + insurance
(or 0.28CAD per km)
Time Analysis
Cost per day: (CAD)
11.61
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
291.12
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided

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