Payment Analysis

657.89CAD/monthin Vancouver, BC
    Before Taxes:
  • 657.89 CAD/month
  • 303.64 CAD/bi-weekly
  • 151.82 CAD/week
  • 7,894.68 CAD/year
Incl. B.C. Taxes (12%):
  • 736.84 CAD/month
  • 340.08 CAD/bi-weekly
  • 170.04 CAD/week
  • 8,842.04 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: 8,384 ~ 9,284 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz GLE 450 4MATIC SUV w/ Premium Package ($3,400.00) & Sport Package ($1,500.00)
  • for 24 months
  • in British Columbia
  • $0 down payment
  • 18,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,605
This Contract (CAD/month) 658
Monthly Difference 948 CAD/month
Remaining Term x 8 months
Total Monthly Difference = 7,584 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 8,384 ~ 9,284

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 34,466 CAD
  • Total Vehicle Debt: 54,203 CAD
  • Paid so Far: 19,737 CAD (36% Paid)
  • Remaining Lease Payments: 5,263 CAD
  • Residual Value: 29,203 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,737 CAD Total Vehicle Value: 54,203 CAD
36% Paid
64%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 5,263 CAD
Term Paid so Far: 19,737 CAD Residual Value: 29,203 CAD
0%
36%
9%
55%
Cost to Own
Already Paid: 19,737 CAD (36%)
Cash Incentive: 0 CAD Buyout Price Today: 34,466 CAD
36% Paid
0%
64%
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: 34,466 CAD

  • 4.9%Interest Rate x 48 months
  • 792 CAD/month + tax
  • Total Payable: 38,024 CAD
  • Total Interest: 3,558 CAD
  • 8.9%Interest Rate x 48 months
  • 856 CAD/month + tax
  • Total Payable: 41,091 CAD
  • Total Interest: 6,625 CAD
  • 14.9%Interest Rate x 48 months
  • 957 CAD/month + tax
  • Total Payable: 45,959 CAD
  • Total Interest: 11,493 CAD

At the end of the Lease Contract

Residual Value: 29,203 CAD (in 8 months)

  • 4.9%Interest Rate x 48 months
  • 671 CAD/month + tax
  • Total Payable: 32,218 CAD
  • Total Interest: 3,015 CAD
  • 8.9%Interest Rate x 48 months
  • 725 CAD/month + tax
  • Total Payable: 34,816 CAD
  • Total Interest: 5,613 CAD
  • 14.9%Interest Rate x 48 months
  • 811 CAD/month + tax
  • Total Payable: 38,941 CAD
  • Total Interest: 9,738 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)
10.70
  • + tax
  • + fuel
  • + insurance
(or 0.11CAD per km)
  • 49.34CAD/100km (Original Contract back in Jun, 2021)
Time Analysis
Cost per day: (CAD)
21.63
  • + tax
  • + insurance
  • + km driven & fuel
(0.41CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,418.27
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 307.69km/week (Contract Original back in Jun, 2021)

Seller Contact Info

This Contract was Already Transferred.

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