Payment Analysis
600.00CAD/monthin Toronto, ON
- 600.00 CAD/month
- 276.92 CAD/bi-weekly
- 138.46 CAD/week
- 7,200.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 678.00 CAD/month
- 312.92 CAD/bi-weekly
- 156.46 CAD/week
- 8,136.00 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:
858 CAD
compared to leasing a BRAND NEW:
- Sprinter Passenger Van 1500 High Roof
- for 36 months
- in Ontario
- $0 down payment
- 40,000 km/year
Leasing New (CAD/month) | 1,030 |
---|---|
This Contract (CAD/month) | 600 |
Monthly Difference | 429 CAD/month |
Remaining Term | x 2 months |
Total Monthly Difference | = 858 CAD |
Total Savings (CAD) | = 858 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
16,200 CAD
- Total Vehicle Debt: 58,000 CAD
- Paid so Far: 41,800 CAD (72% Paid)
- Remaining Lease Payments: 1,200 CAD
- Residual Value: 15,000 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 41,800 CAD Total Vehicle Value: 58,000 CAD
Vehicle Debt Breakdown
Downpayment: 7,000 CAD Remaining Term: 1,200 CAD
Term Paid so Far: 34,800 CAD Residual Value: 15,000 CAD
Cost to Own
Already Paid: 41,800 CAD (72%)
Cash Incentive: 0 CAD Buyout Price Today: 16,200 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: 16,200 CAD
- 4.9%Interest Rate x 48 months
- 372 CAD/month + tax
- Total Payable: 17,872 CAD
- Total Interest: 1,672 CAD
- 8.9%Interest Rate x 48 months
- 402 CAD/month + tax
- Total Payable: 19,314 CAD
- Total Interest: 3,114 CAD
- 14.9%Interest Rate x 48 months
- 450 CAD/month + tax
- Total Payable: 21,602 CAD
- Total Interest: 5,402 CAD
At the end of the Lease Contract
Residual Value: 15,000 CAD (in 2 months)
- 4.9%Interest Rate x 48 months
- 345 CAD/month + tax
- Total Payable: 16,548 CAD
- Total Interest: 1,548 CAD
- 8.9%Interest Rate x 48 months
- 373 CAD/month + tax
- Total Payable: 17,883 CAD
- Total Interest: 2,883 CAD
- 14.9%Interest Rate x 48 months
- 417 CAD/month + tax
- Total Payable: 20,002 CAD
- Total Interest: 5,002 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)
0.62
- + tax
- + fuel
- + insurance
- 18.00CAD/100km (Original Contract back in Feb, 2019)
Time Analysis
Cost per day: (CAD)
19.73
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
22,500.00
- km/week
- without any
- additional costs
- 769.23km/week (Contract Original back in Feb, 2019)