Payment Analysis

318.58CAD/monthin Ottawa, ON
    Before Taxes:
  • 318.58 CAD/month
  • 147.04 CAD/bi-weekly
  • 73.52 CAD/week
  • 3,822.96 CAD/year
Incl. Ontario Taxes (13%):
  • 360.00 CAD/month
  • 166.15 CAD/bi-weekly
  • 83.08 CAD/week
  • 4,319.94 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: 2,314 CAD

compared to leasing a BRAND NEW:

  • Toyota RAV4 FWD XLE with 48 months/100,000 Km Extended Warranty
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 496
This Contract (CAD/month) 319
Monthly Difference 178 CAD/month
Remaining Term x 13 months
Total Monthly Difference = 2,314 CAD
Total Savings (CAD) = 2,314

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 16,686 CAD
  • Total Vehicle Debt: 34,386 CAD
  • Paid so Far: 17,700 CAD (51% Paid)
  • Remaining Lease Payments: 4,142 CAD
  • Residual Value: 12,544 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 17,700 CAD Total Vehicle Value: 34,386 CAD
51% Paid
49%
Vehicle Debt Breakdown
Downpayment: 2,727 CAD Remaining Term: 4,142 CAD
Term Paid so Far: 14,973 CAD Residual Value: 12,544 CAD
7%
44%
12%
37%
Cost to Own
Already Paid: 17,700 CAD (51%)
Cash Incentive: 0 CAD Buyout Price Today: 16,686 CAD
51% Paid
0%
49%
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: 16,686 CAD

  • 4.9%Interest Rate x 48 months
  • 384 CAD/month + tax
  • Total Payable: 18,408 CAD
  • Total Interest: 1,722 CAD
  • 8.9%Interest Rate x 48 months
  • 414 CAD/month + tax
  • Total Payable: 19,893 CAD
  • Total Interest: 3,207 CAD
  • 14.9%Interest Rate x 48 months
  • 464 CAD/month + tax
  • Total Payable: 22,249 CAD
  • Total Interest: 5,564 CAD

At the end of the Lease Contract

Residual Value: 12,544 CAD (in 13 months)

  • 4.9%Interest Rate x 48 months
  • 288 CAD/month + tax
  • Total Payable: 13,839 CAD
  • Total Interest: 1,295 CAD
  • 8.9%Interest Rate x 48 months
  • 312 CAD/month + tax
  • Total Payable: 14,955 CAD
  • Total Interest: 2,411 CAD
  • 14.9%Interest Rate x 48 months
  • 348 CAD/month + tax
  • Total Payable: 16,727 CAD
  • Total Interest: 4,183 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)
4.71
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 19.11CAD/100km (Original Contract back in Mar, 2018)
Time Analysis
Cost per day: (CAD)
10.47
  • + tax
  • + insurance
  • + km driven & fuel
(0.25CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,562.13
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in Mar, 2018)

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