Payment Analysis

642.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 642.00 CAD/month
  • 296.31 CAD/bi-weekly
  • 148.15 CAD/week
  • 7,704.00 CAD/year
Incl. Alberta Taxes (5%):
  • 674.10 CAD/month
  • 311.12 CAD/bi-weekly
  • 155.56 CAD/week
  • 8,089.20 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: 1,280 ~ 2,180 CAD

compared to leasing a BRAND NEW:

  • Toyota Tundra li>
  • for 36 months
  • in Alberta
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 654
This Contract (CAD/month) 642
Monthly Difference 12 CAD/month
Remaining Term x 40 months
Total Monthly Difference = 480 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,280 ~ 2,180

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 75,288 CAD
  • Total Vehicle Debt: 88,706 CAD
  • Paid so Far: 13,418 CAD (15% Paid)
  • Remaining Lease Payments: 25,680 CAD
  • Residual Value: 49,608 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 13,418 CAD Total Vehicle Value: 88,706 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 578 CAD Remaining Term: 25,680 CAD
Term Paid so Far: 12,840 CAD Residual Value: 49,608 CAD
0%
15%
28%
57%
Cost to Own
Already Paid: 13,418 CAD (15%)
Cash Incentive: 0 CAD Buyout Price Today: 75,288 CAD
15% Paid
0%
85%
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: 75,288 CAD

  • 4.9%Interest Rate x 48 months
  • 1,730 CAD/month + tax
  • Total Payable: 83,060 CAD
  • Total Interest: 7,772 CAD
  • 8.9%Interest Rate x 48 months
  • 1,870 CAD/month + tax
  • Total Payable: 89,759 CAD
  • Total Interest: 14,471 CAD
  • 14.9%Interest Rate x 48 months
  • 2,092 CAD/month + tax
  • Total Payable: 100,392 CAD
  • Total Interest: 25,104 CAD

At the end of the Lease Contract

Residual Value: 49,608 CAD (in 40 months)

  • 4.9%Interest Rate x 48 months
  • 1,140 CAD/month + tax
  • Total Payable: 54,729 CAD
  • Total Interest: 5,121 CAD
  • 8.9%Interest Rate x 48 months
  • 1,232 CAD/month + tax
  • Total Payable: 59,143 CAD
  • Total Interest: 9,535 CAD
  • 14.9%Interest Rate x 48 months
  • 1,378 CAD/month + tax
  • Total Payable: 66,149 CAD
  • Total Interest: 16,541 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)
34.70
  • + tax
  • + fuel
  • + insurance
(or 0.35CAD per km)
  • 38.52CAD/100km (Original Contract back in Feb, 2017)
Time Analysis
Cost per day: (CAD)
21.11
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
426.92
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 384.62km/week (Contract Original back in Feb, 2017)

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