This Vehicle is Sold


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Vehicle Photos

Transfer Details

Lease Transfer Toyota Lease Takeover in Toronto, ON: 2020 Toyota 2020 Toyota Corolla LE Automatic 2WD
SAVE ~7,200 CAD
CAD/month x 24 months
2020 Toyota 2020 Toyota Corolla LE (ID: #36743)
298
Toronto, ON
2020 Toyota

2020 Toyota Corolla LE Automatic 2WD Wear Pass Package w/ Warranty Complete Term + Wear & Tear Coverage

  • Warranty Complete Term
  • Wear & Tear Coverage
Payment Details
  • Current Payment: 298 CAD/month + tax
  • Residual Value: 10,895 CAD
  • Months to End: 24 months (Dec, 2023)
Vehicle Status
  • Contract Allowance: 24,000 km/year
  • Current Odometer: 17,240 km total
  • Available Now: 38,380 km/year (3,198 per month)
  • Excess Km Cost: 0.07 CAD/km
Deal Special Perks
  • All Main Coverages
  • Lots of FREE Available Km
  • Good Buyout Opportunity
  • Contract Ending Soon
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
SOLD/TRANSFERRED

Payment Analysis

298.23CAD/monthin Toronto, ON
    Before Taxes:
  • 298.23 CAD/month
  • 137.64 CAD/bi-weekly
  • 68.82 CAD/week
  • 3,578.76 CAD/year
Incl. Ontario Taxes (13%):
  • 337.00 CAD/month
  • 155.54 CAD/bi-weekly
  • 77.77 CAD/week
  • 4,044.00 CAD/year

Estimate Insurance Costs

 

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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: 6,704 ~ 7,604 CAD

compared to leasing a BRAND NEW:

  • TOYOTA COROLLA LE CVT
  • for 24 months
  • in Ontario
  • $0 down payment
  • 38,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 544
This Contract (CAD/month) 298
Monthly Difference 246 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 5,904 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 6,704 ~ 7,604

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 18,053 CAD
  • Total Vehicle Debt: 24,912 CAD
  • Paid so Far: 6,859 CAD (27% Paid)
  • Remaining Lease Payments: 7,158 CAD
  • Residual Value: 10,895 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,859 CAD Total Vehicle Value: 24,912 CAD
27% Paid
73%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,158 CAD
Term Paid so Far: 6,859 CAD Residual Value: 10,895 CAD
0%
27%
28%
45%
Cost to Own
Already Paid: 6,859 CAD (27%)
Cash Incentive: 0 CAD Buyout Price Today: 18,053 CAD
27% Paid
0%
73%
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: 18,053 CAD

  • 4.9%Interest Rate x 48 months
  • 415 CAD/month + tax
  • Total Payable: 19,916 CAD
  • Total Interest: 1,864 CAD
  • 8.9%Interest Rate x 48 months
  • 448 CAD/month + tax
  • Total Payable: 21,522 CAD
  • Total Interest: 3,470 CAD
  • 14.9%Interest Rate x 48 months
  • 502 CAD/month + tax
  • Total Payable: 24,072 CAD
  • Total Interest: 6,020 CAD

At the end of the Lease Contract

Residual Value: 10,895 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 250 CAD/month + tax
  • Total Payable: 12,020 CAD
  • Total Interest: 1,125 CAD
  • 8.9%Interest Rate x 48 months
  • 271 CAD/month + tax
  • Total Payable: 12,989 CAD
  • Total Interest: 2,094 CAD
  • 14.9%Interest Rate x 48 months
  • 303 CAD/month + tax
  • Total Payable: 14,528 CAD
  • Total Interest: 3,633 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)
9.32
  • + tax
  • + fuel
  • + insurance
(or 0.09CAD per km)
  • 14.91CAD/100km (Original Contract back in Dec, 2019)
Time Analysis
Cost per day: (CAD)
9.80
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
738.08
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 461.54km/week (Contract Original back in Dec, 2019)

Seller Contact Info

This Contract was Already Transferred.

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