Payment Analysis

596.84CAD/monthin GTA, ON
    Before Taxes:
  • 596.84 CAD/month
  • 275.46 CAD/bi-weekly
  • 137.73 CAD/week
  • 7,162.08 CAD/year
Incl. Ontario Taxes (13%):
  • 674.43 CAD/month
  • 311.28 CAD/bi-weekly
  • 155.64 CAD/week
  • 8,093.15 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: 4,019 ~ 4,419 CAD

compared to leasing a BRAND NEW:

  • Acura RDX
  • for 33 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 707
This Contract (CAD/month) 597
Monthly Difference 111 CAD/month
Remaining Term x 29 months
Total Monthly Difference = 3,219 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 4,019 ~ 4,419

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 38,642 CAD
  • Total Vehicle Debt: 49,982 CAD
  • Paid so Far: 11,340 CAD (22% Paid)
  • Remaining Lease Payments: 17,308 CAD
  • Residual Value: 21,333 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 11,340 CAD Total Vehicle Value: 49,982 CAD
22% Paid
78%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,308 CAD
Term Paid so Far: 11,340 CAD Residual Value: 21,333 CAD
0%
22%
34%
44%
Cost to Own
Already Paid: 11,340 CAD (22%)
Cash Incentive: 0 CAD Buyout Price Today: 38,642 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: 38,642 CAD

  • 4.9%Interest Rate x 48 months
  • 888 CAD/month + tax
  • Total Payable: 42,631 CAD
  • Total Interest: 3,989 CAD
  • 8.9%Interest Rate x 48 months
  • 960 CAD/month + tax
  • Total Payable: 46,069 CAD
  • Total Interest: 7,427 CAD
  • 14.9%Interest Rate x 48 months
  • 1,073 CAD/month + tax
  • Total Payable: 51,526 CAD
  • Total Interest: 12,885 CAD

At the end of the Lease Contract

Residual Value: 21,333 CAD (in 29 months)

  • 4.9%Interest Rate x 48 months
  • 490 CAD/month + tax
  • Total Payable: 23,536 CAD
  • Total Interest: 2,202 CAD
  • 8.9%Interest Rate x 48 months
  • 530 CAD/month + tax
  • Total Payable: 25,434 CAD
  • Total Interest: 4,100 CAD
  • 14.9%Interest Rate x 48 months
  • 593 CAD/month + tax
  • Total Payable: 28,447 CAD
  • Total Interest: 7,113 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)
26.63
  • + tax
  • + fuel
  • + insurance
(or 0.27CAD per km)
  • 29.84CAD/100km (Original Contract back in Nov, 2017)
Time Analysis
Cost per day: (CAD)
19.62
  • + tax
  • + insurance
  • + km driven & fuel
(0.11CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
517.24
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in Nov, 2017)