Payment Analysis

300.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 300.00 CAD/month
  • 138.46 CAD/bi-weekly
  • 69.23 CAD/week
  • 3,600.00 CAD/year
Incl. Alberta Taxes (5%):
  • 315.00 CAD/month
  • 145.38 CAD/bi-weekly
  • 72.69 CAD/week
  • 3,780.00 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: 3,220 ~ 3,620 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla SE Automatic AWD
  • for 36 months
  • in AB
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 371
This Contract (CAD/month) 300
Monthly Difference 71 CAD/month
Remaining Term x 20 months
Total Monthly Difference = 1,420 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 3,220 ~ 3,620
** "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: 13,364 CAD
  • Total Vehicle Debt: 22,464 CAD
  • Paid so Far: 8,100 CAD (36% Paid)
  • Remaining Lease Payments: 6,000 CAD
  • Residual Value: 8,364 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 8,100 CAD Total Vehicle Value: 22,464 CAD
36% Paid
64%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,000 CAD
Term Paid so Far: 8,100 CAD Residual Value: 8,364 CAD
0%
36%
26%
38%
Cost to Own
Already Paid: 8,100 CAD (36%)
Cash Incentive: 1,000 CAD Buyout Price Today: 13,364 CAD
36% Paid
4%
60%
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: 13,364 CAD

  • 4.9%Interest Rate x 48 months
  • 307 CAD/month + tax
  • Total Payable: 14,743 CAD
  • Total Interest: 1,380 CAD
  • 8.9%Interest Rate x 48 months
  • 332 CAD/month + tax
  • Total Payable: 15,932 CAD
  • Total Interest: 2,569 CAD
  • 14.9%Interest Rate x 48 months
  • 371 CAD/month + tax
  • Total Payable: 17,820 CAD
  • Total Interest: 4,456 CAD

At the end of the Lease Contract

Residual Value: 8,364 CAD (in 20 months)

  • 4.9%Interest Rate x 48 months
  • 192 CAD/month + tax
  • Total Payable: 9,227 CAD
  • Total Interest: 863 CAD
  • 8.9%Interest Rate x 48 months
  • 208 CAD/month + tax
  • Total Payable: 9,971 CAD
  • Total Interest: 1,608 CAD
  • 14.9%Interest Rate x 48 months
  • 232 CAD/month + tax
  • Total Payable: 11,153 CAD
  • Total Interest: 2,789 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)
7.43
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 8.91CAD/100km (TODAY without the Cash Incentive)
  • 18.00CAD/100km (Original Contract back in Apr, 2020)
Time Analysis
Cost per day: (CAD)
8.22
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 9.86CAD/day (Original Contract back in Apr, 2020)
Remaining Km
Can be driven up to:
776.92
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Apr, 2020)

Seller Contact Info

This Contract was Already Transferred.

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