Payment Analysis
269.89CAD/monthin Brantford, ON
- 269.89 CAD/month
- 124.56 CAD/bi-weekly
- 62.28 CAD/week
- 3,238.68 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 304.98 CAD/month
- 140.76 CAD/bi-weekly
- 70.38 CAD/week
- 3,659.71 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:
5,635 ~ 6,935 CAD
compared to leasing a BRAND NEW:
- Toyota Corolla LE CVT
- for 24 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 464 |
|---|---|
| This Contract (CAD/month) | 270 |
| Monthly Difference | 195 CAD/month |
| Remaining Term | x 13 months |
| Total Monthly Difference | = 2,535 CAD |
| + Cash Incentive** (CAD) | + 1,500 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 5,635 ~ 6,935 |
| ** "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:
10,195 CAD
- Total Vehicle Debt: 25,989 CAD
- Paid so Far: 14,295 CAD (55% Paid)
- Remaining Lease Payments: 3,509 CAD
- Residual Value: 8,186 CAD
- Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 14,295 CAD Total Vehicle Value: 25,989 CAD
Vehicle Debt Breakdown
Downpayment: 800 CAD Remaining Term: 3,509 CAD
Term Paid so Far: 13,495 CAD Residual Value: 8,186 CAD
Cost to Own
Already Paid: 14,295 CAD (55%)
Cash Incentive: 1,500 CAD Buyout Price Today: 10,195 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: 10,195 CAD
- 4.9%Interest Rate x 48 months
- 234 CAD/month + tax
- Total Payable: 11,247 CAD
- Total Interest: 1,052 CAD
- 8.9%Interest Rate x 48 months
- 253 CAD/month + tax
- Total Payable: 12,154 CAD
- Total Interest: 1,959 CAD
- 14.9%Interest Rate x 48 months
- 283 CAD/month + tax
- Total Payable: 13,594 CAD
- Total Interest: 3,399 CAD
At the end of the Lease Contract
Residual Value: 8,186 CAD (in 13 months)
- 4.9%Interest Rate x 48 months
- 188 CAD/month + tax
- Total Payable: 9,031 CAD
- Total Interest: 845 CAD
- 8.9%Interest Rate x 48 months
- 203 CAD/month + tax
- Total Payable: 9,760 CAD
- Total Interest: 1,573 CAD
- 14.9%Interest Rate x 48 months
- 227 CAD/month + tax
- Total Payable: 10,916 CAD
- Total Interest: 2,730 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)
2.91
- + tax
- + fuel
- + insurance
- 5.08CAD/100km (TODAY without the Cash Incentive)
- 14.39CAD/100km (Original Contract back in Nov, 2017)
Time Analysis
Cost per day: (CAD)
5.08
- + tax
- + insurance
- + km driven & fuel
- 8.87CAD/day (Original Contract back in Nov, 2017)
Remaining Km
Can be driven up to:
1,225.30
- km/week
- without any
- additional costs
- 432.69km/week (Contract Original back in Nov, 2017)
