Payment Analysis

490.00CAD/monthin Vaughan, ON
    Before Taxes:
  • 490.00 CAD/month
  • 226.15 CAD/bi-weekly
  • 113.08 CAD/week
  • 5,880.00 CAD/year
Incl. Ontario Taxes (13%):
  • 553.70 CAD/month
  • 255.55 CAD/bi-weekly
  • 127.78 CAD/week
  • 6,644.40 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: 53,760 CAD

compared to leasing a BRAND NEW:

  • Nissan Maxima SR
  • for 12 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,258
This Contract (CAD/month) 490
Monthly Difference 768 CAD/month
Remaining Term x 70 months
Total Monthly Difference = 53,760 CAD
Total Savings (CAD) = 53,760

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 54,900 CAD
  • Total Vehicle Debt: 47,130 CAD
  • Paid so Far: -7,770 CAD (-17% Paid)
  • Remaining Lease Payments: 34,300 CAD
  • Residual Value: 20,600 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -7,770 CAD Total Vehicle Value: 47,130 CAD
-17% Paid
117%
Vehicle Debt Breakdown
Downpayment: 3,500 CAD Remaining Term: 34,300 CAD
Term Paid so Far: -11,270 CAD Residual Value: 20,600 CAD
7%
-24%
73%
44%
Cost to Own
Already Paid: -7,770 CAD (-17%)
Cash Incentive: 0 CAD Buyout Price Today: 54,900 CAD
-17% Paid
0%
117%
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: 54,900 CAD

  • 4.9%Interest Rate x 48 months
  • 1,262 CAD/month + tax
  • Total Payable: 60,567 CAD
  • Total Interest: 5,667 CAD
  • 8.9%Interest Rate x 48 months
  • 1,364 CAD/month + tax
  • Total Payable: 65,452 CAD
  • Total Interest: 10,552 CAD
  • 14.9%Interest Rate x 48 months
  • 1,525 CAD/month + tax
  • Total Payable: 73,206 CAD
  • Total Interest: 18,306 CAD

At the end of the Lease Contract

Residual Value: 20,600 CAD (in 70 months)

  • 4.9%Interest Rate x 48 months
  • 473 CAD/month + tax
  • Total Payable: 22,727 CAD
  • Total Interest: 2,127 CAD
  • 8.9%Interest Rate x 48 months
  • 512 CAD/month + tax
  • Total Payable: 24,559 CAD
  • Total Interest: 3,959 CAD
  • 14.9%Interest Rate x 48 months
  • 572 CAD/month + tax
  • Total Payable: 27,469 CAD
  • Total Interest: 6,869 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)
203.76
  • + tax
  • + fuel
  • + insurance
(or 2.04CAD per km)
Time Analysis
Cost per day: (CAD)
16.11
  • + tax
  • + insurance
  • + km driven & fuel
(0.05CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
55.49
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD

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