Payment Analysis

473.45CAD/monthin Richmond Hill, ON
    Before Taxes:
  • 473.45 CAD/month
  • 218.52 CAD/bi-weekly
  • 109.26 CAD/week
  • 5,681.40 CAD/year
Incl. Ontario Taxes (13%):
  • 535.00 CAD/month
  • 246.92 CAD/bi-weekly
  • 123.46 CAD/week
  • 6,419.98 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: 7,052 ~ 7,452 CAD

compared to leasing a BRAND NEW:

  • BMW X1 28i Base (note this vehicle comes with lots of addons)
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 994
This Contract (CAD/month) 473
Monthly Difference 521 CAD/month
Remaining Term x 12 months
Total Monthly Difference = 6,252 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 7,052 ~ 7,452

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,415 CAD
  • Total Vehicle Debt: 43,459 CAD
  • Paid so Far: 17,044 CAD (39% Paid)
  • Remaining Lease Payments: 5,681 CAD
  • Residual Value: 20,734 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 17,044 CAD Total Vehicle Value: 43,459 CAD
39% Paid
61%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 5,681 CAD
Term Paid so Far: 17,044 CAD Residual Value: 20,734 CAD
0%
39%
13%
48%
Cost to Own
Already Paid: 17,044 CAD (39%)
Cash Incentive: 0 CAD Buyout Price Today: 26,415 CAD
39% Paid
0%
61%
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: 26,415 CAD

  • 4.9%Interest Rate x 48 months
  • 607 CAD/month + tax
  • Total Payable: 29,142 CAD
  • Total Interest: 2,727 CAD
  • 8.9%Interest Rate x 48 months
  • 656 CAD/month + tax
  • Total Payable: 31,492 CAD
  • Total Interest: 5,077 CAD
  • 14.9%Interest Rate x 48 months
  • 734 CAD/month + tax
  • Total Payable: 35,223 CAD
  • Total Interest: 8,808 CAD

At the end of the Lease Contract

Residual Value: 20,734 CAD (in 12 months)

  • 4.9%Interest Rate x 48 months
  • 477 CAD/month + tax
  • Total Payable: 22,874 CAD
  • Total Interest: 2,140 CAD
  • 8.9%Interest Rate x 48 months
  • 515 CAD/month + tax
  • Total Payable: 24,719 CAD
  • Total Interest: 3,985 CAD
  • 14.9%Interest Rate x 48 months
  • 576 CAD/month + tax
  • Total Payable: 27,647 CAD
  • Total Interest: 6,913 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)
11.59
  • + tax
  • + fuel
  • + insurance
(or 0.12CAD per km)
  • 32.47CAD/100km (Original Contract back in Mar, 2019)
Time Analysis
Cost per day: (CAD)
15.57
  • + tax
  • + insurance
  • + km driven & fuel
(0.27CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
942.31
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 336.54km/week (Contract Original back in Mar, 2019)

Seller Contact Info

This Contract was Already Transferred.

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