Mercedes-Benz Lease Takeover in Montreal, QC: 2017 Mercedes-Benz S 550 4MATIC LWB Automatique AWD ID:#10285 • LeaseCosts Canada

Payment Analysis

1,705.00CAD/monthin Montreal, QC

Before Taxes:

1,705.00 CAD/month
786.92 CAD/bi-weekly
393.46 CAD/week
20,460.00 CAD/year

Incl. Québec Taxes (14.98%):

1,960.41 CAD/month
904.80 CAD/bi-weekly
452.40 CAD/week
23,524.91 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: 27,676 ~ 28,976 CAD

compared to leasing a BRAND NEW:

Mercedes-Benz S 560 4MATIC Long Wheel Base
for 24 months (note this contract is shorter)
in Québec
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	2,197
This Contract (CAD/month)	1,705
Monthly Difference	492 CAD/month
Remaining Term	x 53 months
Total Monthly Difference	= 26,076 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 27,676 ~ 28,976

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 142,365 CAD

Total Vehicle Debt: 127,020 CAD
Paid so Far: -15,345 CAD (-13% Paid)
Remaining Lease Payments: 90,365 CAD
Residual Value: 52,000 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: -15,345 CAD Total Vehicle Value: 127,020 CAD

-13% Paid

113%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 90,365 CAD

Term Paid so Far: -15,345 CAD Residual Value: 52,000 CAD

-13%

71%

42%

Cost to Own

Already Paid: -15,345 CAD (-13%)

Cash Incentive: 0 CAD Buyout Price Today: 142,365 CAD

-13% Paid

113%

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: 142,365 CAD

4.9%Interest Rate x 48 months
3,272 CAD/month + tax
Total Payable: 157,062 CAD
Total Interest: 14,697 CAD

8.9%Interest Rate x 48 months
3,536 CAD/month + tax
Total Payable: 169,728 CAD
Total Interest: 27,363 CAD

14.9%Interest Rate x 48 months
3,955 CAD/month + tax
Total Payable: 189,836 CAD
Total Interest: 47,471 CAD

At the end of the Lease Contract

Residual Value: 52,000 CAD (in 53 months)

4.9%Interest Rate x 48 months
1,195 CAD/month + tax
Total Payable: 57,368 CAD
Total Interest: 5,368 CAD

8.9%Interest Rate x 48 months
1,292 CAD/month + tax
Total Payable: 61,995 CAD
Total Interest: 9,995 CAD

14.9%Interest Rate x 48 months
1,445 CAD/month + tax
Total Payable: 69,339 CAD
Total Interest: 17,339 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)