Payment Analysis

804.00CAD/monthin Toronto, ON
    Before Taxes:
  • 804.00 CAD/month
  • 371.08 CAD/bi-weekly
  • 185.54 CAD/week
  • 9,648.00 CAD/year
Incl. Ontario Taxes (13%):
  • 908.52 CAD/month
  • 419.32 CAD/bi-weekly
  • 209.66 CAD/week
  • 10,902.24 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: 2,810 ~ 3,710 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz CLA 4Matic Coupe Automatic AWD
  • for 24 months
  • in Ontario
  • $0 down payment
  • 18,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,005
This Contract (CAD/month) 804
Monthly Difference 201 CAD/month
Remaining Term x 10 months
Total Monthly Difference = 2,010 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,810 ~ 3,710

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 34,040 CAD
  • Total Vehicle Debt: 68,612 CAD
  • Paid so Far: 34,572 CAD (50% Paid)
  • Remaining Lease Payments: 8,040 CAD
  • Residual Value: 26,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 34,572 CAD Total Vehicle Value: 68,612 CAD
50% Paid
50%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,040 CAD
Term Paid so Far: 34,572 CAD Residual Value: 26,000 CAD
0%
50%
11%
39%
Cost to Own
Already Paid: 34,572 CAD (50%)
Cash Incentive: 0 CAD Buyout Price Today: 34,040 CAD
50% Paid
0%
50%
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: 34,040 CAD

  • 4.9%Interest Rate x 48 months
  • 782 CAD/month + tax
  • Total Payable: 37,554 CAD
  • Total Interest: 3,514 CAD
  • 8.9%Interest Rate x 48 months
  • 845 CAD/month + tax
  • Total Payable: 40,583 CAD
  • Total Interest: 6,543 CAD
  • 14.9%Interest Rate x 48 months
  • 946 CAD/month + tax
  • Total Payable: 45,390 CAD
  • Total Interest: 11,350 CAD

At the end of the Lease Contract

Residual Value: 26,000 CAD (in 10 months)

  • 4.9%Interest Rate x 48 months
  • 598 CAD/month + tax
  • Total Payable: 28,684 CAD
  • Total Interest: 2,684 CAD
  • 8.9%Interest Rate x 48 months
  • 646 CAD/month + tax
  • Total Payable: 30,997 CAD
  • Total Interest: 4,997 CAD
  • 14.9%Interest Rate x 48 months
  • 722 CAD/month + tax
  • Total Payable: 34,670 CAD
  • Total Interest: 8,670 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)
8.55
  • + tax
  • + fuel
  • + insurance
(or 0.09CAD per km)
  • 40.20CAD/100km (Original Contract back in Apr, 2020)
Time Analysis
Cost per day: (CAD)
26.43
  • + tax
  • + insurance
  • + km driven & fuel
(0.33CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
2,169.23
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 461.54km/week (Contract Original back in Apr, 2020)

Seller Contact Info

This Contract was Already Transferred.

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