Payment Analysis

477.88CAD/monthin Oakville, ON
    Before Taxes:
  • 477.88 CAD/month
  • 220.56 CAD/bi-weekly
  • 110.28 CAD/week
  • 5,734.56 CAD/year
Incl. Ontario Taxes (13%):
  • 540.00 CAD/month
  • 249.23 CAD/bi-weekly
  • 124.62 CAD/week
  • 6,480.05 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: 5,804 ~ 6,204 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz Metris Cargo Van 126" Automatic 2WD
  • for 24 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 894
This Contract (CAD/month) 478
Monthly Difference 417 CAD/month
Remaining Term x 12 months
Total Monthly Difference = 5,004 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 5,804 ~ 6,204

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 21,475 CAD
  • Total Vehicle Debt: 44,413 CAD
  • Paid so Far: 22,938 CAD (51% Paid)
  • Remaining Lease Payments: 5,735 CAD
  • Residual Value: 15,740 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 22,938 CAD Total Vehicle Value: 44,413 CAD
51% Paid
49%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 5,735 CAD
Term Paid so Far: 22,938 CAD Residual Value: 15,740 CAD
0%
51%
13%
36%
Cost to Own
Already Paid: 22,938 CAD (51%)
Cash Incentive: 0 CAD Buyout Price Today: 21,475 CAD
51% Paid
0%
49%
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: 21,475 CAD

  • 4.9%Interest Rate x 48 months
  • 494 CAD/month + tax
  • Total Payable: 23,692 CAD
  • Total Interest: 2,217 CAD
  • 8.9%Interest Rate x 48 months
  • 533 CAD/month + tax
  • Total Payable: 25,603 CAD
  • Total Interest: 4,128 CAD
  • 14.9%Interest Rate x 48 months
  • 597 CAD/month + tax
  • Total Payable: 28,636 CAD
  • Total Interest: 7,161 CAD

At the end of the Lease Contract

Residual Value: 15,740 CAD (in 12 months)

  • 4.9%Interest Rate x 48 months
  • 362 CAD/month + tax
  • Total Payable: 17,365 CAD
  • Total Interest: 1,625 CAD
  • 8.9%Interest Rate x 48 months
  • 391 CAD/month + tax
  • Total Payable: 18,766 CAD
  • Total Interest: 3,025 CAD
  • 14.9%Interest Rate x 48 months
  • 437 CAD/month + tax
  • Total Payable: 20,989 CAD
  • Total Interest: 5,249 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)
22.94
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
  • 28.67CAD/100km (Original Contract back in Apr, 2018)
Time Analysis
Cost per day: (CAD)
15.71
  • + tax
  • + insurance
  • + km driven & fuel
(0.27CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
480.77
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Apr, 2018)

Seller Contact Info

This Contract was Already Transferred.