Mini Lease Takeover in Toronto, ON: 2019 Mini Cooper 2dr John Cooper Works Premier Plus Manuelle 2WD ID:#10284 • LeaseCosts Canada

Payment Analysis

575.22CAD/monthin Toronto, ON

Before Taxes:

575.22 CAD/month
265.49 CAD/bi-weekly
132.74 CAD/week
6,902.64 CAD/year

Incl. Ontario Taxes (13%):

650.00 CAD/month
300.00 CAD/bi-weekly
150.00 CAD/week
7,799.98 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: 5,170 ~ 6,470 CAD

compared to leasing a BRAND NEW:

MINI JOHN COOPER WORKS 3 DOOR|PREMIER+ LINE
for 36 months
in Ontario
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	660
This Contract (CAD/month)	575
Monthly Difference	85 CAD/month
Remaining Term	x 42 months
Total Monthly Difference	= 3,570 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 5,170 ~ 6,470

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 44,895 CAD

Total Vehicle Debt: 55,865 CAD
Paid so Far: 10,969 CAD (19% Paid)
Remaining Lease Payments: 24,159 CAD
Residual Value: 20,736 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 10,969 CAD Total Vehicle Value: 55,865 CAD

19% Paid

81%

Vehicle Debt Breakdown

Downpayment: 7,518 CAD Remaining Term: 24,159 CAD

Term Paid so Far: 3,451 CAD Residual Value: 20,736 CAD

13%

43%

38%

Cost to Own

Already Paid: 10,969 CAD (19%)

Cash Incentive: 0 CAD Buyout Price Today: 44,895 CAD

19% Paid

81%

Additional Financing Details

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: 44,895 CAD

4.9%Interest Rate x 48 months
1,032 CAD/month + tax
Total Payable: 49,530 CAD
Total Interest: 4,635 CAD

8.9%Interest Rate x 48 months
1,115 CAD/month + tax
Total Payable: 53,524 CAD
Total Interest: 8,629 CAD

14.9%Interest Rate x 48 months
1,247 CAD/month + tax
Total Payable: 59,865 CAD
Total Interest: 14,970 CAD

At the end of the Lease Contract

Residual Value: 20,736 CAD (in 42 months)

4.9%Interest Rate x 48 months
477 CAD/month + tax
Total Payable: 22,877 CAD
Total Interest: 2,141 CAD

8.9%Interest Rate x 48 months
515 CAD/month + tax
Total Payable: 24,722 CAD
Total Interest: 3,986 CAD

14.9%Interest Rate x 48 months
576 CAD/month + tax
Total Payable: 27,650 CAD
Total Interest: 6,914 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)