Payment Analysis

540.00CAD/monthin Toronto, ON
    Before Taxes:
  • 540.00 CAD/month
  • 249.23 CAD/bi-weekly
  • 124.62 CAD/week
  • 6,480.00 CAD/year
Incl. Ontario Taxes (13%):
  • 610.20 CAD/month
  • 281.63 CAD/bi-weekly
  • 140.82 CAD/week
  • 7,322.40 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: 8,760 ~ 9,660 CAD

compared to leasing a BRAND NEW:

  • Acura TLX AWD A-SPEC
  • for 30 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 666
This Contract (CAD/month) 540
Monthly Difference 126 CAD/month
Remaining Term x 56 months
Total Monthly Difference = 7,056 CAD
+ Cash Incentive** (CAD) + 904
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 8,760 ~ 9,660
** "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: 55,336 CAD
  • Total Vehicle Debt: 46,636 CAD
  • Paid so Far: -9,604 CAD (-21% Paid)
  • Remaining Lease Payments: 30,240 CAD
  • Residual Value: 26,000 CAD
  • Cash Incentive: 904 CAD
Vehicle Debt & Value
Paid so far: -9,604 CAD Total Vehicle Value: 46,636 CAD
-21% Paid
121%
Vehicle Debt Breakdown
Downpayment: 1,196 CAD Remaining Term: 30,240 CAD
Term Paid so Far: -10,800 CAD Residual Value: 26,000 CAD
2%
-23%
65%
56%
Cost to Own
Already Paid: -9,604 CAD (-21%)
Cash Incentive: 904 CAD Buyout Price Today: 55,336 CAD
-21% Paid
1%
120%
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: 55,336 CAD

  • 4.9%Interest Rate x 48 months
  • 1,272 CAD/month + tax
  • Total Payable: 61,049 CAD
  • Total Interest: 5,713 CAD
  • 8.9%Interest Rate x 48 months
  • 1,374 CAD/month + tax
  • Total Payable: 65,972 CAD
  • Total Interest: 10,636 CAD
  • 14.9%Interest Rate x 48 months
  • 1,537 CAD/month + tax
  • Total Payable: 73,787 CAD
  • Total Interest: 18,451 CAD

At the end of the Lease Contract

Residual Value: 26,000 CAD (in 56 months)

  • 4.9%Interest Rate x 48 months
  • 598 CAD/month + tax
  • Total Payable: 28,684 CAD
  • Total Interest: 2,684 CAD
  • 8.9%Interest Rate x 48 months
  • 646 CAD/month + tax
  • Total Payable: 30,997 CAD
  • Total Interest: 4,997 CAD
  • 14.9%Interest Rate x 48 months
  • 722 CAD/month + tax
  • Total Payable: 34,670 CAD
  • Total Interest: 8,670 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)
54.33
  • + tax
  • + fuel
  • + insurance
(inlcuding the 904CAD incentive)
Time Analysis
Cost per day: (CAD)
17.22
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 904CAD incentive)
Remaining Km
Can be driven up to:
222.53
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

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