Payment Analysis
670.80CAD/monthin Welland, ON
- 670.80 CAD/month
- 309.60 CAD/bi-weekly
- 154.80 CAD/week
- 8,049.60 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 758.00 CAD/month
- 349.85 CAD/bi-weekly
- 174.92 CAD/week
- 9,096.05 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:
2,150 ~ 3,050 CAD
compared to leasing a BRAND NEW:
- Mercedes-Benz C 300 4MATIC Avantgarde Edition Sedan
- for 24 months
- in Ontario
- $0 down payment
- 18,000 km/year
| Leasing New (CAD/month) | 1,145 |
|---|---|
| This Contract (CAD/month) | 671 |
| Monthly Difference | 475 CAD/month |
| Remaining Term | x 6 months |
| Total Monthly Difference | = 2,850 CAD |
| - Required Payment** (CAD) | - 1,500 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 2,150 ~ 3,050 |
| ** The Required Payment from the vehicle owner. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
31,248 CAD
- Total Vehicle Debt: 57,893 CAD
- Paid so Far: 28,145 CAD (48% Paid)
- Remaining Lease Payments: 4,025 CAD
- Residual Value: 25,723 CAD
- Required Payment: 1,500 CAD
Vehicle Debt & Value
Paid so far: 28,145 CAD Total Vehicle Value: 57,893 CAD
Vehicle Debt Breakdown
Downpayment: 1,984 CAD Remaining Term: 4,025 CAD
Term Paid so Far: 26,161 CAD Residual Value: 25,723 CAD
Cost to Own
Already Paid: 28,145 CAD (48%)
Required Payment: 1,500 CAD (2%)Buyout Price Today: 31,248 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: 31,248 CAD
- 4.9%Interest Rate x 48 months
- 718 CAD/month + tax
- Total Payable: 34,474 CAD
- Total Interest: 3,226 CAD
- 8.9%Interest Rate x 48 months
- 776 CAD/month + tax
- Total Payable: 37,254 CAD
- Total Interest: 6,006 CAD
- 14.9%Interest Rate x 48 months
- 868 CAD/month + tax
- Total Payable: 41,667 CAD
- Total Interest: 10,419 CAD
At the end of the Lease Contract
Residual Value: 25,723 CAD (in 6 months)
- 4.9%Interest Rate x 48 months
- 591 CAD/month + tax
- Total Payable: 28,379 CAD
- Total Interest: 2,655 CAD
- 8.9%Interest Rate x 48 months
- 639 CAD/month + tax
- Total Payable: 30,667 CAD
- Total Interest: 4,944 CAD
- 14.9%Interest Rate x 48 months
- 715 CAD/month + tax
- Total Payable: 34,300 CAD
- Total Interest: 8,577 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)
11.63
- + tax
- + fuel
- + insurance
- 8.47CAD/100km (TODAY without the Cash Incentive)
- 44.72CAD/100km (Original Contract back in Jan, 2020)
Time Analysis
Cost per day: (CAD)
30.27
- + tax
- + insurance
- + km driven & fuel
- 22.05CAD/day (Original Contract back in Jan, 2020)
Remaining Km
Can be driven up to:
1,826.92
- km/week
- without any
- additional costs
- 346.15km/week (Contract Original back in Jan, 2020)
