Toyota Lease Takeover in Toronto, ON: 2020 Toyota Corolla SE Automatique 2WD ID:#23658 • LeaseCosts Canada

Payment Analysis

413.27CAD/monthin Toronto, ON

Before Taxes:

413.27 CAD/month
190.74 CAD/bi-weekly
95.37 CAD/week
4,959.24 CAD/year

Incl. Ontario Taxes (13%):

467.00 CAD/month
215.54 CAD/bi-weekly
107.77 CAD/week
5,603.94 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: 1,538 ~ 2,838 CAD

compared to leasing a BRAND NEW:

Toyota Corolla SE CVT
for 41 months
in Ontario
$0 down payment
28,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	382
This Contract (CAD/month)	413
Monthly Difference	-31 CAD/month
Remaining Term	x 2 months
Total Monthly Difference	= -62 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 1,538 ~ 2,838

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 11,954 CAD

Total Vehicle Debt: 35,924 CAD
Paid so Far: 23,970 CAD (66% Paid)
Remaining Lease Payments: 827 CAD
Residual Value: 11,128 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 23,970 CAD Total Vehicle Value: 35,924 CAD

66% Paid

34%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 827 CAD

Term Paid so Far: 23,970 CAD Residual Value: 11,128 CAD

66%

32%

Cost to Own

Already Paid: 23,970 CAD (66%)

Cash Incentive: 0 CAD Buyout Price Today: 11,954 CAD

66% Paid

34%

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: 11,954 CAD

4.9%Interest Rate x 48 months
275 CAD/month + tax
Total Payable: 13,188 CAD
Total Interest: 1,234 CAD

8.9%Interest Rate x 48 months
297 CAD/month + tax
Total Payable: 14,252 CAD
Total Interest: 2,298 CAD

14.9%Interest Rate x 48 months
332 CAD/month + tax
Total Payable: 15,940 CAD
Total Interest: 3,986 CAD

At the end of the Lease Contract

Residual Value: 11,128 CAD (in 2 months)

4.9%Interest Rate x 48 months
256 CAD/month + tax
Total Payable: 12,276 CAD
Total Interest: 1,149 CAD

8.9%Interest Rate x 48 months
276 CAD/month + tax
Total Payable: 13,266 CAD
Total Interest: 2,139 CAD

14.9%Interest Rate x 48 months
309 CAD/month + tax
Total Payable: 14,838 CAD
Total Interest: 3,710 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)