Payment Analysis

505.00CAD/monthin Sault Ste. Marie, ON
    Before Taxes:
  • 505.00 CAD/month
  • 233.08 CAD/bi-weekly
  • 116.54 CAD/week
  • 6,060.00 CAD/year
Incl. Ontario Taxes (13%):
  • 570.65 CAD/month
  • 263.38 CAD/bi-weekly
  • 131.69 CAD/week
  • 6,847.80 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: 1,460 ~ 2,360 CAD

compared to leasing a BRAND NEW:

  • Toyota Tundra SR5
  • for 36 months
  • in Ontario
  • $0 down payment
  • 22,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 520
This Contract (CAD/month) 505
Monthly Difference 15 CAD/month
Remaining Term x 44 months
Total Monthly Difference = 660 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,460 ~ 2,360

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,543 CAD
  • Total Vehicle Debt: 56,138 CAD
  • Paid so Far: 14,595 CAD (25% Paid)
  • Remaining Lease Payments: 22,220 CAD
  • Residual Value: 19,323 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 14,595 CAD Total Vehicle Value: 56,138 CAD
25% Paid
75%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 22,220 CAD
Term Paid so Far: 9,595 CAD Residual Value: 19,323 CAD
8%
17%
40%
35%
Cost to Own
Already Paid: 14,595 CAD (25%)
Cash Incentive: 0 CAD Buyout Price Today: 41,543 CAD
25% Paid
0%
75%
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: 41,543 CAD

  • 4.9%Interest Rate x 48 months
  • 955 CAD/month + tax
  • Total Payable: 45,832 CAD
  • Total Interest: 4,289 CAD
  • 8.9%Interest Rate x 48 months
  • 1,032 CAD/month + tax
  • Total Payable: 49,528 CAD
  • Total Interest: 7,985 CAD
  • 14.9%Interest Rate x 48 months
  • 1,154 CAD/month + tax
  • Total Payable: 55,395 CAD
  • Total Interest: 13,852 CAD

At the end of the Lease Contract

Residual Value: 19,323 CAD (in 44 months)

  • 4.9%Interest Rate x 48 months
  • 444 CAD/month + tax
  • Total Payable: 21,318 CAD
  • Total Interest: 1,995 CAD
  • 8.9%Interest Rate x 48 months
  • 480 CAD/month + tax
  • Total Payable: 23,037 CAD
  • Total Interest: 3,714 CAD
  • 14.9%Interest Rate x 48 months
  • 537 CAD/month + tax
  • Total Payable: 25,766 CAD
  • Total Interest: 6,443 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)
36.01
  • + tax
  • + fuel
  • + insurance
(or 0.36CAD per km)
Time Analysis
Cost per day: (CAD)
16.60
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
323.60
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

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