Payment Analysis
185.00CAD/monthin Montreal, QC
- 185.00 CAD/month
- 85.38 CAD/bi-weekly
- 42.69 CAD/week
- 2,220.00 CAD/year
Before Taxes:
Incl. Québec Taxes (14.98%):
- 212.71 CAD/month
- 98.18 CAD/bi-weekly
- 49.09 CAD/week
- 2,552.56 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:
36,320 ~ 37,620 CAD
compared to leasing a BRAND NEW:
- Toyota Corolla Hatchback 6MT with SE
- for 24 months
- in QC
- $0 down payment
- 124,000 km/year
| Leasing New (CAD/month) | 1,177 |
|---|---|
| This Contract (CAD/month) | 185 |
| Monthly Difference | 992 CAD/month |
| Remaining Term | x 35 months |
| Total Monthly Difference | = 34,720 CAD |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 36,320 ~ 37,620 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
16,275 CAD
- Total Vehicle Debt: 23,415 CAD
- Paid so Far: 7,140 CAD (30% Paid)
- Remaining Lease Payments: 6,475 CAD
- Residual Value: 9,800 CAD
- Required Payment: 0 CAD
Vehicle Debt & Value
Paid so far: 7,140 CAD Total Vehicle Value: 23,415 CAD
Vehicle Debt Breakdown
Downpayment: 2,700 CAD Remaining Term: 6,475 CAD
Term Paid so Far: 4,440 CAD Residual Value: 9,800 CAD
Cost to Own
Already Paid: 7,140 CAD (30%)
Required Payment: 0 CAD (0%)Buyout Price Today: 16,275 CAD
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: 16,275 CAD
- 4.9%Interest Rate x 48 months
- 374 CAD/month + tax
- Total Payable: 17,955 CAD
- Total Interest: 1,680 CAD
- 8.9%Interest Rate x 48 months
- 404 CAD/month + tax
- Total Payable: 19,403 CAD
- Total Interest: 3,128 CAD
- 14.9%Interest Rate x 48 months
- 452 CAD/month + tax
- Total Payable: 21,702 CAD
- Total Interest: 5,427 CAD
At the end of the Lease Contract
Residual Value: 9,800 CAD (in 35 months)
- 4.9%Interest Rate x 48 months
- 225 CAD/month + tax
- Total Payable: 10,812 CAD
- Total Interest: 1,012 CAD
- 8.9%Interest Rate x 48 months
- 243 CAD/month + tax
- Total Payable: 11,684 CAD
- Total Interest: 1,884 CAD
- 14.9%Interest Rate x 48 months
- 272 CAD/month + tax
- Total Payable: 13,068 CAD
- Total Interest: 3,268 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)
26.07
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
6.08
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
163.74
- km/week
- without any
- additional costs
