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: 1,355 ~ 2,255 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 37 months
Total Monthly Difference = 555 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,355 ~ 2,255

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 38,008 CAD
  • Total Vehicle Debt: 56,138 CAD
  • Paid so Far: 18,130 CAD (32% Paid)
  • Remaining Lease Payments: 18,685 CAD
  • Residual Value: 19,323 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 18,130 CAD Total Vehicle Value: 56,138 CAD
32% Paid
68%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 18,685 CAD
Term Paid so Far: 13,130 CAD Residual Value: 19,323 CAD
8%
24%
33%
35%
Cost to Own
Already Paid: 18,130 CAD (32%)
Cash Incentive: 0 CAD Buyout Price Today: 38,008 CAD
32% Paid
0%
68%
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: 38,008 CAD

  • 4.9%Interest Rate x 48 months
  • 874 CAD/month + tax
  • Total Payable: 41,932 CAD
  • Total Interest: 3,924 CAD
  • 8.9%Interest Rate x 48 months
  • 944 CAD/month + tax
  • Total Payable: 45,313 CAD
  • Total Interest: 7,305 CAD
  • 14.9%Interest Rate x 48 months
  • 1,056 CAD/month + tax
  • Total Payable: 50,682 CAD
  • Total Interest: 12,674 CAD

At the end of the Lease Contract

Residual Value: 19,323 CAD (in 37 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)
30.28
  • + tax
  • + fuel
  • + insurance
(or 0.30CAD per km)
Time Analysis
Cost per day: (CAD)
16.60
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
384.82
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

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