Payment Analysis

300.00CAD/monthin Milton, ON
    Before Taxes:
  • 300.00 CAD/month
  • 138.46 CAD/bi-weekly
  • 69.23 CAD/week
  • 3,600.00 CAD/year
Incl. Ontario Taxes (13%):
  • 339.00 CAD/month
  • 156.46 CAD/bi-weekly
  • 78.23 CAD/week
  • 4,068.00 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: 1,600 ~ 2,900 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla LE CVT
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 446
This Contract (CAD/month) 300
Monthly Difference 146 CAD/month
Remaining Term x 0 months
Total Monthly Difference = 0 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,600 ~ 2,900

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 8,000 CAD
  • Total Vehicle Debt: 27,700 CAD
  • Paid so Far: 19,700 CAD (71% Paid)
  • Remaining Lease Payments: 0 CAD
  • Residual Value: 8,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,700 CAD Total Vehicle Value: 27,700 CAD
71% Paid
29%
Vehicle Debt Breakdown
Downpayment: 1,700 CAD Remaining Term: 0 CAD
Term Paid so Far: 18,000 CAD Residual Value: 8,000 CAD
6%
65%
0%
29%
Cost to Own
Already Paid: 19,700 CAD (71%)
Cash Incentive: 0 CAD Buyout Price Today: 8,000 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: 8,000 CAD

  • 4.9%Interest Rate x 48 months
  • 184 CAD/month + tax
  • Total Payable: 8,826 CAD
  • Total Interest: 826 CAD
  • 8.9%Interest Rate x 48 months
  • 199 CAD/month + tax
  • Total Payable: 9,538 CAD
  • Total Interest: 1,538 CAD
  • 14.9%Interest Rate x 48 months
  • 222 CAD/month + tax
  • Total Payable: 10,668 CAD
  • Total Interest: 2,668 CAD

At the end of the Lease Contract

Residual Value: 8,000 CAD (in 1 months)

  • 4.9%Interest Rate x 48 months
  • 184 CAD/month + tax
  • Total Payable: 8,826 CAD
  • Total Interest: 826 CAD
  • 8.9%Interest Rate x 48 months
  • 199 CAD/month + tax
  • Total Payable: 9,538 CAD
  • Total Interest: 1,538 CAD
  • 14.9%Interest Rate x 48 months
  • 222 CAD/month + tax
  • Total Payable: 10,668 CAD
  • Total Interest: 2,668 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)
0.44
  • + tax
  • + fuel
  • + insurance
(or 0.00CAD per km)
  • 18.00CAD/100km (Original Contract back in Mar, 2019)
Time Analysis
Cost per day: (CAD)
9.86
  • + tax
  • + insurance
  • + km driven & fuel
(3.29CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
15,692.31
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Mar, 2019)

Seller Contact Info

This Contract was Already Transferred.

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