Payment Analysis
691.75CAD/monthin Halifax, NS
- 691.75 CAD/month
- 319.27 CAD/bi-weekly
- 159.63 CAD/week
- 8,301.00 CAD/year
Before Taxes:
Incl. Nova Scotia Taxes (15%):
- 795.51 CAD/month
- 367.16 CAD/bi-weekly
- 183.58 CAD/week
- 9,546.15 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:
4,635 ~ 5,535 CAD
compared to leasing a BRAND NEW:
- Mercedes-Benz CLA 250 4MATIC
- for 24 months
- in Nova Scotia
- $0 down payment
- 28,000 km/year
| Leasing New (CAD/month) | 796 |
|---|---|
| This Contract (CAD/month) | 692 |
| Monthly Difference | 105 CAD/month |
| Remaining Term | x 27 months |
| Total Monthly Difference | = 2,835 CAD |
| + Cash Incentive** (CAD) | + 1,000 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 4,635 ~ 5,535 |
| ** "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:
38,684 CAD
- Total Vehicle Debt: 52,136 CAD
- Paid so Far: 12,452 CAD (23% Paid)
- Remaining Lease Payments: 18,677 CAD
- Residual Value: 21,007 CAD
- Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 12,452 CAD Total Vehicle Value: 52,136 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 18,677 CAD
Term Paid so Far: 12,452 CAD Residual Value: 21,007 CAD
Cost to Own
Already Paid: 12,452 CAD (23%)
Cash Incentive: 1,000 CAD Buyout Price Today: 38,684 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: 38,684 CAD
- 4.9%Interest Rate x 48 months
- 889 CAD/month + tax
- Total Payable: 42,678 CAD
- Total Interest: 3,994 CAD
- 8.9%Interest Rate x 48 months
- 961 CAD/month + tax
- Total Payable: 46,120 CAD
- Total Interest: 7,435 CAD
- 14.9%Interest Rate x 48 months
- 1,075 CAD/month + tax
- Total Payable: 51,584 CAD
- Total Interest: 12,899 CAD
At the end of the Lease Contract
Residual Value: 21,007 CAD (in 27 months)
- 4.9%Interest Rate x 48 months
- 483 CAD/month + tax
- Total Payable: 23,176 CAD
- Total Interest: 2,169 CAD
- 8.9%Interest Rate x 48 months
- 522 CAD/month + tax
- Total Payable: 25,045 CAD
- Total Interest: 4,038 CAD
- 14.9%Interest Rate x 48 months
- 584 CAD/month + tax
- Total Payable: 28,012 CAD
- Total Interest: 7,005 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)
35.71
- + tax
- + fuel
- + insurance
- 37.73CAD/100km (TODAY without the Cash Incentive)
- 46.12CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
21.52
- + tax
- + insurance
- + km driven & fuel
- 22.74CAD/day (Original Contract back in May, 2018)
Remaining Km
Can be driven up to:
423.08
- km/week
- without any
- additional costs
- 346.15km/week (Contract Original back in May, 2018)
