Payment Analysis

877.40CAD/monthin Pickering
    Before Taxes:
  • 877.40 CAD/month
  • 404.95 CAD/bi-weekly
  • 202.48 CAD/week
  • 10,528.80 CAD/year
Incl. Ontario Taxes (13%):
  • 991.46 CAD/month
  • 457.60 CAD/bi-weekly
  • 228.80 CAD/week
  • 11,897.54 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: 18,990 ~ 19,890 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz GLE 350 4MATIC SUV
  • for 12 months
  • in Ontario
  • $0 down payment
  • 18,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,947
This Contract (CAD/month) 877
Monthly Difference 1,070 CAD/month
Remaining Term x 17 months
Total Monthly Difference = 18,190 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 18,990 ~ 19,890

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 45,053 CAD
  • Total Vehicle Debt: 64,355 CAD
  • Paid so Far: 19,303 CAD (29% Paid)
  • Remaining Lease Payments: 14,916 CAD
  • Residual Value: 30,137 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,303 CAD Total Vehicle Value: 64,355 CAD
29% Paid
71%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 14,916 CAD
Term Paid so Far: 19,303 CAD Residual Value: 30,137 CAD
0%
29%
23%
48%
Cost to Own
Already Paid: 19,303 CAD (29%)
Cash Incentive: 0 CAD Buyout Price Today: 45,053 CAD
29% Paid
0%
71%
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: 45,053 CAD

  • 4.9%Interest Rate x 48 months
  • 1,035 CAD/month + tax
  • Total Payable: 49,704 CAD
  • Total Interest: 4,651 CAD
  • 8.9%Interest Rate x 48 months
  • 1,119 CAD/month + tax
  • Total Payable: 53,712 CAD
  • Total Interest: 8,659 CAD
  • 14.9%Interest Rate x 48 months
  • 1,252 CAD/month + tax
  • Total Payable: 60,075 CAD
  • Total Interest: 15,023 CAD

At the end of the Lease Contract

Residual Value: 30,137 CAD (in 17 months)

  • 4.9%Interest Rate x 48 months
  • 693 CAD/month + tax
  • Total Payable: 33,248 CAD
  • Total Interest: 3,111 CAD
  • 8.9%Interest Rate x 48 months
  • 749 CAD/month + tax
  • Total Payable: 35,929 CAD
  • Total Interest: 5,792 CAD
  • 14.9%Interest Rate x 48 months
  • 837 CAD/month + tax
  • Total Payable: 40,186 CAD
  • Total Interest: 10,049 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)
20.61
  • + tax
  • + fuel
  • + insurance
(or 0.21CAD per km)
  • 43.87CAD/100km (Original Contract back in Oct, 2020)
Time Analysis
Cost per day: (CAD)
28.85
  • + tax
  • + insurance
  • + km driven & fuel
(0.19CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
982.66
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 461.54km/week (Contract Original back in Oct, 2020)

Seller Contact Info

This Contract was Already Transferred.

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