BMW Lease Takeover in Markham, ON: 2020 BMW M340i Xdrive premium, drive assist, black metallic Automatique AWD ID:#25561 • LeaseCosts Canada

Payment Analysis

960.00CAD/monthin Markham, ON

Before Taxes:

960.00 CAD/month
443.08 CAD/bi-weekly
221.54 CAD/week
11,520.00 CAD/year

Incl. Ontario Taxes (13%):

1,084.80 CAD/month
500.68 CAD/bi-weekly
250.34 CAD/week
13,017.60 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: 11,986 ~ 13,286 CAD

compared to leasing a BRAND NEW:

BMW M340i xDrive Sedan
for 24 months
in Ontario
$0 down payment
16,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,166
This Contract (CAD/month)	960
Monthly Difference	206 CAD/month
Remaining Term	x 31 months
Total Monthly Difference	= 6,386 CAD
+ Cash Incentive** (CAD)	+ 4,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 11,986 ~ 13,286
	** "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: 58,353 CAD

Total Vehicle Debt: 75,793 CAD
Paid so Far: 13,440 CAD (17% Paid)
Remaining Lease Payments: 29,760 CAD
Residual Value: 32,593 CAD
Cash Incentive: 4,000 CAD

Vehicle Debt & Value

Paid so far: 13,440 CAD Total Vehicle Value: 75,793 CAD

17% Paid

83%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 29,760 CAD

Term Paid so Far: 13,440 CAD Residual Value: 32,593 CAD

17%

39%

44%

Cost to Own

Already Paid: 13,440 CAD (17%)

Cash Incentive: 4,000 CAD Buyout Price Today: 58,353 CAD

17% Paid

78%

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: 58,353 CAD

4.9%Interest Rate x 48 months
1,341 CAD/month + tax
Total Payable: 64,377 CAD
Total Interest: 6,024 CAD

8.9%Interest Rate x 48 months
1,449 CAD/month + tax
Total Payable: 69,568 CAD
Total Interest: 11,216 CAD

14.9%Interest Rate x 48 months
1,621 CAD/month + tax
Total Payable: 77,810 CAD
Total Interest: 19,457 CAD

At the end of the Lease Contract

Residual Value: 32,593 CAD (in 31 months)

4.9%Interest Rate x 48 months
749 CAD/month + tax
Total Payable: 35,957 CAD
Total Interest: 3,365 CAD

8.9%Interest Rate x 48 months
810 CAD/month + tax
Total Payable: 38,857 CAD
Total Interest: 6,264 CAD

14.9%Interest Rate x 48 months
905 CAD/month + tax
Total Payable: 43,460 CAD
Total Interest: 10,868 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)