Payment Analysis

902.00CAD/monthin Mississauga, ON
    Before Taxes:
  • 902.00 CAD/month
  • 416.31 CAD/bi-weekly
  • 208.15 CAD/week
  • 10,824.00 CAD/year
Incl. Ontario Taxes (13%):
  • 1,019.26 CAD/month
  • 470.43 CAD/bi-weekly
  • 235.21 CAD/week
  • 12,231.12 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: 5,163 ~ 6,463 CAD

compared to leasing a BRAND NEW:

  • 2023 Lexus RX 350 w/ Executive Package(+$15,000)
  • for 36 months
  • in Ontario
  • $0 down payment
  • 12,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,411
This Contract (CAD/month) 902
Monthly Difference 509 CAD/month
Remaining Term x 7 months
Total Monthly Difference = 3,563 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 5,163 ~ 6,463

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,314 CAD
  • Total Vehicle Debt: 81,904 CAD
  • Paid so Far: 40,590 CAD (49% Paid)
  • Remaining Lease Payments: 6,314 CAD
  • Residual Value: 35,000 CAD
  • Required Payment: 0 CAD
Vehicle Debt & Value
Paid so far: 40,590 CAD Total Vehicle Value: 81,904 CAD
49% Paid
51%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,314 CAD
Term Paid so Far: 40,590 CAD Residual Value: 35,000 CAD
0%
49%
7%
44%
Cost to Own
Already Paid: 40,590 CAD (49%)
Required Payment: 0 CAD (0%)Buyout Price Today: 41,314 CAD
49% Paid
0%
51%
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: 41,314 CAD

  • 4.9%Interest Rate x 48 months
  • 950 CAD/month + tax
  • Total Payable: 45,579 CAD
  • Total Interest: 4,265 CAD
  • 8.9%Interest Rate x 48 months
  • 1,026 CAD/month + tax
  • Total Payable: 49,255 CAD
  • Total Interest: 7,941 CAD
  • 14.9%Interest Rate x 48 months
  • 1,148 CAD/month + tax
  • Total Payable: 55,090 CAD
  • Total Interest: 13,776 CAD

At the end of the Lease Contract

Residual Value: 35,000 CAD (in 7 months)

  • 4.9%Interest Rate x 48 months
  • 804 CAD/month + tax
  • Total Payable: 38,613 CAD
  • Total Interest: 3,613 CAD
  • 8.9%Interest Rate x 48 months
  • 869 CAD/month + tax
  • Total Payable: 41,727 CAD
  • Total Interest: 6,727 CAD
  • 14.9%Interest Rate x 48 months
  • 972 CAD/month + tax
  • Total Payable: 46,671 CAD
  • Total Interest: 11,671 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)
22.82
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
  • 98.40CAD/100km (Original Contract back in Dec, 2021)
Time Analysis
Cost per day: (CAD)
29.65
  • + tax
  • + insurance
  • + km driven & fuel
(0.47CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
912.09
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 211.54km/week (Contract Original back in Dec, 2021)

Seller Contact Info

  • Name: Shakuthala
  • Location: Mississauga, ON
  • Date Contract Started:
  • Date Contract Ends:

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