Payment Analysis

284.14CAD/monthin Ottawa, ON
    Before Taxes:
  • 284.14 CAD/month
  • 131.14 CAD/bi-weekly
  • 65.57 CAD/week
  • 3,409.68 CAD/year
Incl. Ontario Taxes (13%):
  • 321.08 CAD/month
  • 148.19 CAD/bi-weekly
  • 74.09 CAD/week
  • 3,852.94 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: 4,250 ~ 5,550 CAD

compared to leasing a BRAND NEW:

  • Impresa Conveniencewith EyeSight®4-door Automatic Transmission
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 390
This Contract (CAD/month) 284
Monthly Difference 106 CAD/month
Remaining Term x 25 months
Total Monthly Difference = 2,650 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,250 ~ 5,550

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 14,860 CAD
  • Total Vehicle Debt: 21,395 CAD
  • Paid so Far: 6,535 CAD (30% Paid)
  • Remaining Lease Payments: 7,104 CAD
  • Residual Value: 7,756 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,535 CAD Total Vehicle Value: 21,395 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,104 CAD
Term Paid so Far: 6,535 CAD Residual Value: 7,756 CAD
0%
30%
33%
37%
Cost to Own
Already Paid: 6,535 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 14,860 CAD
30% Paid
0%
70%
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: 14,860 CAD

  • 4.9%Interest Rate x 48 months
  • 342 CAD/month + tax
  • Total Payable: 16,394 CAD
  • Total Interest: 1,534 CAD
  • 8.9%Interest Rate x 48 months
  • 369 CAD/month + tax
  • Total Payable: 17,716 CAD
  • Total Interest: 2,856 CAD
  • 14.9%Interest Rate x 48 months
  • 413 CAD/month + tax
  • Total Payable: 19,815 CAD
  • Total Interest: 4,955 CAD

At the end of the Lease Contract

Residual Value: 7,756 CAD (in 25 months)

  • 4.9%Interest Rate x 48 months
  • 178 CAD/month + tax
  • Total Payable: 8,557 CAD
  • Total Interest: 801 CAD
  • 8.9%Interest Rate x 48 months
  • 193 CAD/month + tax
  • Total Payable: 9,247 CAD
  • Total Interest: 1,491 CAD
  • 14.9%Interest Rate x 48 months
  • 215 CAD/month + tax
  • Total Payable: 10,343 CAD
  • Total Interest: 2,586 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)
10.29
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 14.21CAD/100km (Original Contract back in Nov, 2019)
Time Analysis
Cost per day: (CAD)
9.34
  • + tax
  • + insurance
  • + km driven & fuel
(0.13CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
636.92
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 461.54km/week (Contract Original back in Nov, 2019)

Seller Contact Info

This Contract was Already Transferred.

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