Payment Analysis

519.16CAD/monthin Mississauga, ON
    Before Taxes:
  • 519.16 CAD/month
  • 239.61 CAD/bi-weekly
  • 119.81 CAD/week
  • 6,229.92 CAD/year
Incl. Ontario Taxes (13%):
  • 586.65 CAD/month
  • 270.76 CAD/bi-weekly
  • 135.38 CAD/week
  • 7,039.81 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: 4,036 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz A 250 4MATIC Hatch
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 772
This Contract (CAD/month) 519
Monthly Difference 253 CAD/month
Remaining Term x 12 months
Total Monthly Difference = 3,036 CAD
+ Cash Incentive** (CAD) + 1,000
Total Savings (CAD) = 4,036
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 29,499 CAD
  • Total Vehicle Debt: 50,688 CAD
  • Paid so Far: 20,190 CAD (39% Paid)
  • Remaining Lease Payments: 6,230 CAD
  • Residual Value: 24,269 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 20,190 CAD Total Vehicle Value: 50,688 CAD
39% Paid
61%
Vehicle Debt Breakdown
Downpayment: 1,500 CAD Remaining Term: 6,230 CAD
Term Paid so Far: 18,690 CAD Residual Value: 24,269 CAD
2%
37%
12%
49%
Cost to Own
Already Paid: 20,190 CAD (39%)
Cash Incentive: 1,000 CAD Buyout Price Today: 29,499 CAD
39% Paid
2%
59%
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: 29,499 CAD

  • 4.9%Interest Rate x 48 months
  • 678 CAD/month + tax
  • Total Payable: 32,544 CAD
  • Total Interest: 3,045 CAD
  • 8.9%Interest Rate x 48 months
  • 733 CAD/month + tax
  • Total Payable: 35,168 CAD
  • Total Interest: 5,670 CAD
  • 14.9%Interest Rate x 48 months
  • 819 CAD/month + tax
  • Total Payable: 39,335 CAD
  • Total Interest: 9,836 CAD

At the end of the Lease Contract

Residual Value: 24,269 CAD (in 12 months)

  • 4.9%Interest Rate x 48 months
  • 558 CAD/month + tax
  • Total Payable: 26,774 CAD
  • Total Interest: 2,505 CAD
  • 8.9%Interest Rate x 48 months
  • 603 CAD/month + tax
  • Total Payable: 28,933 CAD
  • Total Interest: 4,665 CAD
  • 14.9%Interest Rate x 48 months
  • 674 CAD/month + tax
  • Total Payable: 32,361 CAD
  • Total Interest: 8,092 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)
11.13
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 13.26CAD/100km (TODAY without the Cash Incentive)
  • 34.61CAD/100km (Original Contract back in Apr, 2019)
Time Analysis
Cost per day: (CAD)
14.33
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 17.07CAD/day (Original Contract back in Apr, 2019)
Remaining Km
Can be driven up to:
903.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 346.15km/week (Contract Original back in Apr, 2019)

Seller Contact Info

This Contract was Already Transferred.

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