Payment Analysis

463.00CAD/monthin Richmond, BC
    Before Taxes:
  • 463.00 CAD/month
  • 213.69 CAD/bi-weekly
  • 106.85 CAD/week
  • 5,556.00 CAD/year
Incl. B.C. Taxes (12%):
  • 518.56 CAD/month
  • 239.34 CAD/bi-weekly
  • 119.67 CAD/week
  • 6,222.72 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: 2,802 CAD

compared to leasing a BRAND NEW:

  • Toyota RAV4
  • for 48 months
  • in British Columbia
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 556
This Contract (CAD/month) 463
Monthly Difference 93 CAD/month
Remaining Term x 14 months
Total Monthly Difference = 1,302 CAD
+ Cash Incentive** (CAD) + 1,500
Total Savings (CAD) = 2,802
** "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: 20,982 CAD
  • Total Vehicle Debt: 38,224 CAD
  • Paid so Far: 15,742 CAD (41% Paid)
  • Remaining Lease Payments: 6,482 CAD
  • Residual Value: 16,000 CAD
  • Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 15,742 CAD Total Vehicle Value: 38,224 CAD
41% Paid
59%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,482 CAD
Term Paid so Far: 15,742 CAD Residual Value: 16,000 CAD
0%
41%
17%
42%
Cost to Own
Already Paid: 15,742 CAD (41%)
Cash Incentive: 1,500 CAD Buyout Price Today: 20,982 CAD
41% Paid
3%
56%
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: 20,982 CAD

  • 4.9%Interest Rate x 48 months
  • 482 CAD/month + tax
  • Total Payable: 23,148 CAD
  • Total Interest: 2,166 CAD
  • 8.9%Interest Rate x 48 months
  • 521 CAD/month + tax
  • Total Payable: 25,015 CAD
  • Total Interest: 4,033 CAD
  • 14.9%Interest Rate x 48 months
  • 583 CAD/month + tax
  • Total Payable: 27,978 CAD
  • Total Interest: 6,996 CAD

At the end of the Lease Contract

Residual Value: 16,000 CAD (in 14 months)

  • 4.9%Interest Rate x 48 months
  • 368 CAD/month + tax
  • Total Payable: 17,652 CAD
  • Total Interest: 1,652 CAD
  • 8.9%Interest Rate x 48 months
  • 397 CAD/month + tax
  • Total Payable: 19,075 CAD
  • Total Interest: 3,075 CAD
  • 14.9%Interest Rate x 48 months
  • 444 CAD/month + tax
  • Total Payable: 21,335 CAD
  • Total Interest: 5,335 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)
6.27
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,500CAD incentive)
  • 8.16CAD/100km (TODAY without the Cash Incentive)
  • 27.78CAD/100km (Original Contract back in Feb, 2019)
Time Analysis
Cost per day: (CAD)
11.70
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,500CAD incentive)
  • 15.22CAD/day (Original Contract back in Feb, 2019)
Remaining Km
Can be driven up to:
1,308.79
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in Feb, 2019)