Payment Analysis

424.00CAD/monthin Victoria, BC
    Before Taxes:
  • 424.00 CAD/month
  • 195.69 CAD/bi-weekly
  • 97.85 CAD/week
  • 5,088.00 CAD/year
Incl. B.C. Taxes (12%):
  • 474.88 CAD/month
  • 219.18 CAD/bi-weekly
  • 109.59 CAD/week
  • 5,698.56 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: 2,375 ~ 3,275 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla LE CVT with LE Upgrade w/ Platinium coverage 60/100,000km (Finance takeover)
  • for 60 months
  • in BC
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 499
This Contract (CAD/month) 424
Monthly Difference 75 CAD/month
Remaining Term x 21 months
Total Monthly Difference = 1,575 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,375 ~ 3,275

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 8,905 CAD
  • Total Vehicle Debt: 31,287 CAD
  • Paid so Far: 22,382 CAD (71% Paid)
  • Remaining Lease Payments: 8,904 CAD
  • Residual Value: 1 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 22,382 CAD Total Vehicle Value: 31,287 CAD
71% Paid
29%
Vehicle Debt Breakdown
Downpayment: 1,182 CAD Remaining Term: 8,904 CAD
Term Paid so Far: 21,200 CAD Residual Value: 1 CAD
3%
68%
28%
1%
Cost to Own
Already Paid: 22,382 CAD (71%)
Cash Incentive: 0 CAD Buyout Price Today: 8,905 CAD
71% Paid
0%
29%
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: 8,905 CAD

  • 4.9%Interest Rate x 48 months
  • 205 CAD/month + tax
  • Total Payable: 9,824 CAD
  • Total Interest: 919 CAD
  • 8.9%Interest Rate x 48 months
  • 221 CAD/month + tax
  • Total Payable: 10,617 CAD
  • Total Interest: 1,712 CAD
  • 14.9%Interest Rate x 48 months
  • 247 CAD/month + tax
  • Total Payable: 11,874 CAD
  • Total Interest: 2,969 CAD

At the end of the Lease Contract

Residual Value: 1 CAD (in 21 months)

  • 4.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 8.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 14.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 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)
8.53
  • + tax
  • + fuel
  • + insurance
(or 0.09CAD per km)
  • 25.44CAD/100km (Original Contract back in Feb, 2020)
Time Analysis
Cost per day: (CAD)
13.94
  • + tax
  • + insurance
  • + km driven & fuel
(0.16CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,146.52
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Feb, 2020)

Seller Contact Info

This Contract was Already Transferred.

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