Toyota Lease Takeover in Nova Scotia, NS: 2020 Toyota Corolla SE CVT 2WD ID:#18072

Payment Analysis

345.62CAD/monthin Nova Scotia, NS

Before Taxes:

345.62 CAD/month
159.52 CAD/bi-weekly
79.76 CAD/week
4,147.44 CAD/year

Incl. Nova Scotia Taxes (15%):

397.46 CAD/month
183.44 CAD/bi-weekly
91.72 CAD/week
4,769.56 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: 896 ~ 1,796 CAD

compared to leasing a BRAND NEW:

Corolla SE CVT
for 39 months
in NS
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	377
This Contract (CAD/month)	346
Monthly Difference	32 CAD/month
Remaining Term	x 3 months
Total Monthly Difference	= 96 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 896 ~ 1,796

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 11,983 CAD

Total Vehicle Debt: 33,304 CAD
Paid so Far: 21,320 CAD (64% Paid)
Remaining Lease Payments: 1,037 CAD
Residual Value: 10,946 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 21,320 CAD Total Vehicle Value: 33,304 CAD

64% Paid

36%

Vehicle Debt Breakdown

Downpayment: 1,620 CAD Remaining Term: 1,037 CAD

Term Paid so Far: 19,700 CAD Residual Value: 10,946 CAD

60%

33%

Cost to Own

Already Paid: 21,320 CAD (64%)

Cash Incentive: 0 CAD Buyout Price Today: 11,983 CAD

64% Paid

36%

Additional Financing Details

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: 11,983 CAD

4.9%Interest Rate x 48 months
275 CAD/month + tax
Total Payable: 13,220 CAD
Total Interest: 1,237 CAD

8.9%Interest Rate x 48 months
298 CAD/month + tax
Total Payable: 14,286 CAD
Total Interest: 2,303 CAD

14.9%Interest Rate x 48 months
333 CAD/month + tax
Total Payable: 15,979 CAD
Total Interest: 3,996 CAD

At the end of the Lease Contract

Residual Value: 10,946 CAD (in 3 months)

4.9%Interest Rate x 48 months
252 CAD/month + tax
Total Payable: 12,076 CAD
Total Interest: 1,130 CAD

8.9%Interest Rate x 48 months
272 CAD/month + tax
Total Payable: 13,050 CAD
Total Interest: 2,104 CAD

14.9%Interest Rate x 48 months
304 CAD/month + tax
Total Payable: 14,596 CAD
Total Interest: 3,650 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)