Payment Analysis

635.00CAD/monthin Mississauga, ON
    Before Taxes:
  • 635.00 CAD/month
  • 293.08 CAD/bi-weekly
  • 146.54 CAD/week
  • 7,620.00 CAD/year
Incl. Ontario Taxes (13%):
  • 717.55 CAD/month
  • 331.18 CAD/bi-weekly
  • 165.59 CAD/week
  • 8,610.60 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: 7,600 ~ 8,000 CAD

compared to leasing a BRAND NEW:

  • Acura TLX TECH A-SPEC AWD
  • for 12 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 860
This Contract (CAD/month) 635
Monthly Difference 225 CAD/month
Remaining Term x 28 months
Total Monthly Difference = 6,300 CAD
+ Cash Incentive** (CAD) + 500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 7,600 ~ 8,000
** "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: 37,280 CAD
  • Total Vehicle Debt: 50,480 CAD
  • Paid so Far: 12,700 CAD (25% Paid)
  • Remaining Lease Payments: 17,780 CAD
  • Residual Value: 20,000 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 12,700 CAD Total Vehicle Value: 50,480 CAD
25% Paid
75%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,780 CAD
Term Paid so Far: 12,700 CAD Residual Value: 20,000 CAD
0%
25%
35%
40%
Cost to Own
Already Paid: 12,700 CAD (25%)
Cash Incentive: 500 CAD Buyout Price Today: 37,280 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: 37,280 CAD

  • 4.9%Interest Rate x 48 months
  • 857 CAD/month + tax
  • Total Payable: 41,129 CAD
  • Total Interest: 3,849 CAD
  • 8.9%Interest Rate x 48 months
  • 926 CAD/month + tax
  • Total Payable: 44,445 CAD
  • Total Interest: 7,165 CAD
  • 14.9%Interest Rate x 48 months
  • 1,036 CAD/month + tax
  • Total Payable: 49,711 CAD
  • Total Interest: 12,431 CAD

At the end of the Lease Contract

Residual Value: 20,000 CAD (in 28 months)

  • 4.9%Interest Rate x 48 months
  • 460 CAD/month + tax
  • Total Payable: 22,065 CAD
  • Total Interest: 2,065 CAD
  • 8.9%Interest Rate x 48 months
  • 497 CAD/month + tax
  • Total Payable: 23,844 CAD
  • Total Interest: 3,844 CAD
  • 14.9%Interest Rate x 48 months
  • 556 CAD/month + tax
  • Total Payable: 26,669 CAD
  • Total Interest: 6,669 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)
22.44
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 23.09CAD/100km (TODAY without the Cash Incentive)
  • 30.48CAD/100km (Original Contract back in Dec, 2017)
Time Analysis
Cost per day: (CAD)
20.29
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 20.88CAD/day (Original Contract back in Dec, 2017)
Remaining Km
Can be driven up to:
634.62
  • km/week
  • without any
  • additional costs
Excess km cost: 0.13CAD
  • 480.77km/week (Contract Original back in Dec, 2017)

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