Payment Analysis

400.15CAD/monthin Victoria, BC
    Before Taxes:
  • 400.15 CAD/month
  • 184.68 CAD/bi-weekly
  • 92.34 CAD/week
  • 4,801.80 CAD/year
Incl. B.C. Taxes (12%):
  • 448.17 CAD/month
  • 206.85 CAD/bi-weekly
  • 103.42 CAD/week
  • 5,378.02 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: 4,940 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla Hatchback SE CVT 2WD Alloy Rims
  • for 12 months
  • in BC
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 660
This Contract (CAD/month) 400
Monthly Difference 260 CAD/month
Remaining Term x 19 months
Total Monthly Difference = 4,940 CAD
Total Savings (CAD) = 4,940

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 21,771 CAD
  • Total Vehicle Debt: 28,974 CAD
  • Paid so Far: 7,203 CAD (24% Paid)
  • Remaining Lease Payments: 7,603 CAD
  • Residual Value: 14,168 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,203 CAD Total Vehicle Value: 28,974 CAD
24% Paid
76%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,603 CAD
Term Paid so Far: 7,203 CAD Residual Value: 14,168 CAD
0%
24%
26%
50%
Cost to Own
Already Paid: 7,203 CAD (24%)
Cash Incentive: 0 CAD Buyout Price Today: 21,771 CAD
24% Paid
0%
76%
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: 21,771 CAD

  • 4.9%Interest Rate x 48 months
  • 500 CAD/month + tax
  • Total Payable: 24,018 CAD
  • Total Interest: 2,247 CAD
  • 8.9%Interest Rate x 48 months
  • 541 CAD/month + tax
  • Total Payable: 25,955 CAD
  • Total Interest: 4,184 CAD
  • 14.9%Interest Rate x 48 months
  • 605 CAD/month + tax
  • Total Payable: 29,030 CAD
  • Total Interest: 7,259 CAD

At the end of the Lease Contract

Residual Value: 14,168 CAD (in 19 months)

  • 4.9%Interest Rate x 48 months
  • 326 CAD/month + tax
  • Total Payable: 15,631 CAD
  • Total Interest: 1,463 CAD
  • 8.9%Interest Rate x 48 months
  • 352 CAD/month + tax
  • Total Payable: 16,891 CAD
  • Total Interest: 2,723 CAD
  • 14.9%Interest Rate x 48 months
  • 394 CAD/month + tax
  • Total Payable: 18,892 CAD
  • Total Interest: 4,724 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)
21.93
  • + tax
  • + fuel
  • + insurance
(or 0.22CAD per km)
  • 24.01CAD/100km (Original Contract back in Jun, 2019)
Time Analysis
Cost per day: (CAD)
13.16
  • + tax
  • + insurance
  • + km driven & fuel
(0.17CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
421.05
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in Jun, 2019)

Seller Contact Info

This Contract was Already Transferred.

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