Payment Analysis

470.00CAD/monthin Vaughan, ON
    Before Taxes:
  • 470.00 CAD/month
  • 216.92 CAD/bi-weekly
  • 108.46 CAD/week
  • 5,640.00 CAD/year
Incl. Ontario Taxes (13%):
  • 531.10 CAD/month
  • 245.12 CAD/bi-weekly
  • 122.56 CAD/week
  • 6,373.20 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: 1,844 CAD

compared to leasing a BRAND NEW:

  • Corolla Hatchback CVT 2WD SE upgrade
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 554
This Contract (CAD/month) 470
Monthly Difference 84 CAD/month
Remaining Term x 16 months
Total Monthly Difference = 1,344 CAD
+ Cash Incentive** (CAD) + 500
Total Savings (CAD) = 1,844
** "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: 20,800 CAD
  • Total Vehicle Debt: 31,640 CAD
  • Paid so Far: 10,340 CAD (32% Paid)
  • Remaining Lease Payments: 7,520 CAD
  • Residual Value: 13,780 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 10,340 CAD Total Vehicle Value: 31,640 CAD
32% Paid
68%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,520 CAD
Term Paid so Far: 10,340 CAD Residual Value: 13,780 CAD
0%
32%
24%
44%
Cost to Own
Already Paid: 10,340 CAD (32%)
Cash Incentive: 500 CAD Buyout Price Today: 20,800 CAD
32% Paid
1%
67%
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: 20,800 CAD

  • 4.9%Interest Rate x 48 months
  • 478 CAD/month + tax
  • Total Payable: 22,947 CAD
  • Total Interest: 2,147 CAD
  • 8.9%Interest Rate x 48 months
  • 517 CAD/month + tax
  • Total Payable: 24,798 CAD
  • Total Interest: 3,998 CAD
  • 14.9%Interest Rate x 48 months
  • 578 CAD/month + tax
  • Total Payable: 27,736 CAD
  • Total Interest: 6,936 CAD

At the end of the Lease Contract

Residual Value: 13,780 CAD (in 16 months)

  • 4.9%Interest Rate x 48 months
  • 317 CAD/month + tax
  • Total Payable: 15,203 CAD
  • Total Interest: 1,423 CAD
  • 8.9%Interest Rate x 48 months
  • 342 CAD/month + tax
  • Total Payable: 16,429 CAD
  • Total Interest: 2,649 CAD
  • 14.9%Interest Rate x 48 months
  • 383 CAD/month + tax
  • Total Payable: 18,375 CAD
  • Total Interest: 4,595 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)
14.38
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 15.40CAD/100km (TODAY without the Cash Incentive)
  • 28.20CAD/100km (Original Contract back in Sep, 2019)
Time Analysis
Cost per day: (CAD)
14.42
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 15.45CAD/day (Original Contract back in Sep, 2019)
Remaining Km
Can be driven up to:
704.33
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in Sep, 2019)

Seller Contact Info

This Contract was Already Transferred.

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