This Vehicle is Sold
Although this vehicle is sold, you can set up an email alert to get immediate notifications once a similar one gets listed in the marketplace:
Vehicle Photos
Transfer Details
+ 6,500 cash
SAVE ~6,900 CAD
CAD/month x 8 months
Transferred/Sold
2020 Toyota Corolla SE (ID: #31493)
364
Toronto, ON
2020 Toyota
Corolla SE Automatic 2WD w/ Winter Tires Included
Payment Details
- Current Payment: 364 CAD/month + tax
- Cash Incentive: 6,500 CAD
- Payment After Incentive: -449 CAD/month + tax
- Residual Value: 9,782 CAD
- Months to End: 8 months (Jul, 2025)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 24,520 km total
- Available Now: 113,220 km/year (9,435 per month)
- Please note that this contract ends in less than a year.
- Excess Km Cost: 0.07 CAD/km
Deal Special Perks
Payment Analysis
363.61CAD/monthin Toronto, ON
- 363.61 CAD/month
- 167.82 CAD/bi-weekly
- 83.91 CAD/week
- 4,363.32 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 410.88 CAD/month
- 189.64 CAD/bi-weekly
- 94.82 CAD/week
- 4,930.55 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:
6,676 ~ 7,076 CAD
compared to leasing a BRAND NEW:
- Toyota COROLLA LE CVT
- for 48 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 285 |
|---|---|
| This Contract (CAD/month) | 364 |
| Monthly Difference | -78 CAD/month |
| Remaining Term | x 8 months |
| Total Monthly Difference | = -624 CAD |
| + Cash Incentive** (CAD) | + 6,500 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 6,676 ~ 7,076 |
| ** "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:
6,191 CAD
- Total Vehicle Debt: 31,598 CAD
- Paid so Far: 18,908 CAD (59% Paid)
- Remaining Lease Payments: 2,909 CAD
- Residual Value: 9,782 CAD
- Cash Incentive: 6,500 CAD
Vehicle Debt & Value
Paid so far: 18,908 CAD Total Vehicle Value: 31,598 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 2,909 CAD
Term Paid so Far: 18,908 CAD Residual Value: 9,782 CAD
Cost to Own
Already Paid: 18,908 CAD (59%)
Cash Incentive: 6,500 CAD Buyout Price Today: 6,191 CAD
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: 6,191 CAD
- 4.9%Interest Rate x 48 months
- 142 CAD/month + tax
- Total Payable: 6,830 CAD
- Total Interest: 639 CAD
- 8.9%Interest Rate x 48 months
- 154 CAD/month + tax
- Total Payable: 7,381 CAD
- Total Interest: 1,190 CAD
- 14.9%Interest Rate x 48 months
- 172 CAD/month + tax
- Total Payable: 8,255 CAD
- Total Interest: 2,064 CAD
At the end of the Lease Contract
Residual Value: 9,782 CAD (in 8 months)
- 4.9%Interest Rate x 48 months
- 225 CAD/month + tax
- Total Payable: 10,792 CAD
- Total Interest: 1,010 CAD
- 8.9%Interest Rate x 48 months
- 243 CAD/month + tax
- Total Payable: 11,662 CAD
- Total Interest: 1,880 CAD
- 14.9%Interest Rate x 48 months
- 272 CAD/month + tax
- Total Payable: 13,043 CAD
- Total Interest: 3,262 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)
-4.76
- + tax
- + fuel
- + insurance
- 3.85CAD/100km (TODAY without the Cash Incentive)
- 21.82CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
-14.76
- + tax
- + insurance
- + km driven & fuel
- 11.95CAD/day (Original Contract back in Jul, 2020)
Remaining Km
Can be driven up to:
2,177.31
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jul, 2020)
Seller Contact Info
This Contract was Already Transferred.
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