Payment Analysis
477.88CAD/monthin Oakville, ON
- 477.88 CAD/month
- 220.56 CAD/bi-weekly
- 110.28 CAD/week
- 5,734.56 CAD/year
Before Taxes:
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
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
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 5,735 CAD
Term Paid so Far: 22,938 CAD Residual Value: 15,740 CAD
Cost to Own
Already Paid: 22,938 CAD (51%)
Cash Incentive: 0 CAD Buyout Price Today: 21,475 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: 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
- 28.67CAD/100km (Original Contract back in Apr, 2018)
Time Analysis
Cost per day: (CAD)
15.71
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
480.77
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Apr, 2018)