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: 1,412 ~ 2,312 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 51 months
Total Monthly Difference = 612 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,412 ~ 2,312

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 82,350 CAD
  • Total Vehicle Debt: 88,706 CAD
  • Paid so Far: 6,356 CAD (7% Paid)
  • Remaining Lease Payments: 32,742 CAD
  • Residual Value: 49,608 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,356 CAD Total Vehicle Value: 88,706 CAD
7% Paid
93%
Vehicle Debt Breakdown
Downpayment: 578 CAD Remaining Term: 32,742 CAD
Term Paid so Far: 5,778 CAD Residual Value: 49,608 CAD
0%
7%
36%
57%
Cost to Own
Already Paid: 6,356 CAD (7%)
Cash Incentive: 0 CAD Buyout Price Today: 82,350 CAD
7% Paid
0%
93%
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: 82,350 CAD

  • 4.9%Interest Rate x 48 months
  • 1,893 CAD/month + tax
  • Total Payable: 90,851 CAD
  • Total Interest: 8,501 CAD
  • 8.9%Interest Rate x 48 months
  • 2,045 CAD/month + tax
  • Total Payable: 98,178 CAD
  • Total Interest: 15,828 CAD
  • 14.9%Interest Rate x 48 months
  • 2,288 CAD/month + tax
  • Total Payable: 109,809 CAD
  • Total Interest: 27,459 CAD

At the end of the Lease Contract

Residual Value: 49,608 CAD (in 51 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)
44.25
  • + tax
  • + fuel
  • + insurance
(or 0.44CAD per km)
Time Analysis
Cost per day: (CAD)
21.11
  • + tax
  • + insurance
  • + km driven & fuel
(0.06CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
334.84
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

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