Payment Analysis

562.14CAD/monthin Owen Sound, ON
    Before Taxes:
  • 562.14 CAD/month
  • 259.45 CAD/bi-weekly
  • 129.72 CAD/week
  • 6,745.68 CAD/year
Incl. Ontario Taxes (13%):
  • 635.22 CAD/month
  • 293.18 CAD/bi-weekly
  • 146.59 CAD/week
  • 7,622.62 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: -85 ~ 315 CAD

compared to leasing a BRAND NEW:

  • Toyota Camry SE w/ Upgrade Package & Extra Care Protection Gold Plan (48/100,000)
  • for 39 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 503
This Contract (CAD/month) 562
Monthly Difference -59 CAD/month
Remaining Term x 15 months
Total Monthly Difference = -885 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = -85 ~ 315

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 29,843 CAD
  • Total Vehicle Debt: 54,577 CAD
  • Paid so Far: 24,734 CAD (45% Paid)
  • Remaining Lease Payments: 8,432 CAD
  • Residual Value: 21,410 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 24,734 CAD Total Vehicle Value: 54,577 CAD
45% Paid
55%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,432 CAD
Term Paid so Far: 24,734 CAD Residual Value: 21,410 CAD
0%
45%
15%
40%
Cost to Own
Already Paid: 24,734 CAD (45%)
Cash Incentive: 0 CAD Buyout Price Today: 29,843 CAD
45% Paid
0%
55%
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: 29,843 CAD

  • 4.9%Interest Rate x 48 months
  • 686 CAD/month + tax
  • Total Payable: 32,923 CAD
  • Total Interest: 3,081 CAD
  • 8.9%Interest Rate x 48 months
  • 741 CAD/month + tax
  • Total Payable: 35,578 CAD
  • Total Interest: 5,736 CAD
  • 14.9%Interest Rate x 48 months
  • 829 CAD/month + tax
  • Total Payable: 39,793 CAD
  • Total Interest: 9,951 CAD

At the end of the Lease Contract

Residual Value: 21,410 CAD (in 15 months)

  • 4.9%Interest Rate x 48 months
  • 492 CAD/month + tax
  • Total Payable: 23,621 CAD
  • Total Interest: 2,210 CAD
  • 8.9%Interest Rate x 48 months
  • 532 CAD/month + tax
  • Total Payable: 25,526 CAD
  • Total Interest: 4,115 CAD
  • 14.9%Interest Rate x 48 months
  • 595 CAD/month + tax
  • Total Payable: 28,550 CAD
  • Total Interest: 7,139 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)
10.70
  • + tax
  • + fuel
  • + insurance
(or 0.11CAD per km)
  • 33.73CAD/100km (Original Contract back in Aug, 2019)
Time Analysis
Cost per day: (CAD)
18.48
  • + tax
  • + insurance
  • + km driven & fuel
(0.22CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,212.82
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in Aug, 2019)

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