Payment Analysis

600.00CAD/monthin Toronto, ON
    Before Taxes:
  • 600.00 CAD/month
  • 276.92 CAD/bi-weekly
  • 138.46 CAD/week
  • 7,200.00 CAD/year
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: 8,151 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
Savings Breakdown:
Leasing New (CAD/month) 1,030
This Contract (CAD/month) 600
Monthly Difference 429 CAD/month
Remaining Term x 19 months
Total Monthly Difference = 8,151 CAD
Total Savings (CAD) = 8,151

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,400 CAD
  • Total Vehicle Debt: 58,000 CAD
  • Paid so Far: 31,600 CAD (54% Paid)
  • Remaining Lease Payments: 11,400 CAD
  • Residual Value: 15,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 31,600 CAD Total Vehicle Value: 58,000 CAD
54% Paid
46%
Vehicle Debt Breakdown
Downpayment: 7,000 CAD Remaining Term: 11,400 CAD
Term Paid so Far: 24,600 CAD Residual Value: 15,000 CAD
11%
43%
19%
27%
Cost to Own
Already Paid: 31,600 CAD (54%)
Cash Incentive: 0 CAD Buyout Price Today: 26,400 CAD
54% Paid
0%
46%
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: 26,400 CAD

  • 4.9%Interest Rate x 48 months
  • 607 CAD/month + tax
  • Total Payable: 29,125 CAD
  • Total Interest: 2,725 CAD
  • 8.9%Interest Rate x 48 months
  • 656 CAD/month + tax
  • Total Payable: 31,474 CAD
  • Total Interest: 5,074 CAD
  • 14.9%Interest Rate x 48 months
  • 733 CAD/month + tax
  • Total Payable: 35,203 CAD
  • Total Interest: 8,803 CAD

At the end of the Lease Contract

Residual Value: 15,000 CAD (in 19 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)
5.85
  • + tax
  • + fuel
  • + insurance
(or 0.06CAD per km)
  • 18.00CAD/100km (Original Contract back in Feb, 2019)
Time Analysis
Cost per day: (CAD)
19.73
  • + tax
  • + insurance
  • + km driven & fuel
(0.17CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
2,368.42
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 769.23km/week (Contract Original back in Feb, 2019)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 687 CAD/month + tax
  • Original Downpayment: 23,700 CAD
  • Months to End: 45 months (Jul, 2029)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 4,800 km total
  • Available Now: 25,387 km/year (2,116 per month)
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