Payment Analysis

583.00CAD/monthin Mississauga, ON
    Before Taxes:
  • 583.00 CAD/month
  • 269.08 CAD/bi-weekly
  • 134.54 CAD/week
  • 6,996.00 CAD/year
Incl. Ontario Taxes (13%):
  • 658.79 CAD/month
  • 304.06 CAD/bi-weekly
  • 152.03 CAD/week
  • 7,905.48 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: 988 ~ 1,888 CAD

compared to leasing a BRAND NEW:

  • Acura TLX Tech
  • for 30 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 578
This Contract (CAD/month) 583
Monthly Difference -6 CAD/month
Remaining Term x 52 months
Total Monthly Difference = -312 CAD
+ Cash Incentive** (CAD) + 500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 988 ~ 1,888
** "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: 45,816 CAD
  • Total Vehicle Debt: 45,984 CAD
  • Paid so Far: -332 CAD (-1% Paid)
  • Remaining Lease Payments: 30,316 CAD
  • Residual Value: 16,000 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: -332 CAD Total Vehicle Value: 45,984 CAD
-1% Paid
101%
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 30,316 CAD
Term Paid so Far: -2,332 CAD Residual Value: 16,000 CAD
6%
-7%
66%
35%
Cost to Own
Already Paid: -332 CAD (-1%)
Cash Incentive: 500 CAD Buyout Price Today: 45,816 CAD
-1% Paid
1%
100%
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: 45,816 CAD

  • 4.9%Interest Rate x 48 months
  • 1,053 CAD/month + tax
  • Total Payable: 50,546 CAD
  • Total Interest: 4,730 CAD
  • 8.9%Interest Rate x 48 months
  • 1,138 CAD/month + tax
  • Total Payable: 54,622 CAD
  • Total Interest: 8,806 CAD
  • 14.9%Interest Rate x 48 months
  • 1,273 CAD/month + tax
  • Total Payable: 61,093 CAD
  • Total Interest: 15,277 CAD

At the end of the Lease Contract

Residual Value: 16,000 CAD (in 52 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)
49.28
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
Time Analysis
Cost per day: (CAD)
18.85
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
Remaining Km
Can be driven up to:
268.49
  • km/week
  • without any
  • additional costs
Excess km cost: 0.08CAD

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