Payment Analysis
463.00CAD/monthin Richmond, BC
- 463.00 CAD/month
- 213.69 CAD/bi-weekly
- 106.85 CAD/week
- 5,556.00 CAD/year
Before Taxes:
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
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
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,482 CAD
Term Paid so Far: 15,742 CAD Residual Value: 16,000 CAD
Cost to Own
Already Paid: 15,742 CAD (41%)
Cash Incentive: 1,500 CAD Buyout Price Today: 20,982 CAD
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
- 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
- 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
- 384.62km/week (Contract Original back in Feb, 2019)