Payment Analysis

353.40CAD/monthin Montréal, QC
    Before Taxes:
  • 353.40 CAD/month
  • 163.11 CAD/bi-weekly
  • 81.55 CAD/week
  • 4,240.80 CAD/year
Incl. Québec Taxes (14.98%):
  • 406.34 CAD/month
  • 187.54 CAD/bi-weekly
  • 93.77 CAD/week
  • 4,876.07 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: 7,088 CAD

compared to leasing a BRAND NEW:

  • Mitsubishi RVR ES Automatic AWD
  • for 12 months
  • in QC
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 796
This Contract (CAD/month) 353
Monthly Difference 443 CAD/month
Remaining Term x 16 months
Total Monthly Difference = 7,088 CAD
Total Savings (CAD) = 7,088

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 21,602 CAD
  • Total Vehicle Debt: 28,670 CAD
  • Paid so Far: 7,068 CAD (24% Paid)
  • Remaining Lease Payments: 5,654 CAD
  • Residual Value: 15,948 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,068 CAD Total Vehicle Value: 28,670 CAD
24% Paid
76%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 5,654 CAD
Term Paid so Far: 7,068 CAD Residual Value: 15,948 CAD
0%
24%
19%
57%
Cost to Own
Already Paid: 7,068 CAD (24%)
Cash Incentive: 0 CAD Buyout Price Today: 21,602 CAD
24% Paid
0%
76%
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: 21,602 CAD

  • 4.9%Interest Rate x 48 months
  • 497 CAD/month + tax
  • Total Payable: 23,832 CAD
  • Total Interest: 2,230 CAD
  • 8.9%Interest Rate x 48 months
  • 537 CAD/month + tax
  • Total Payable: 25,754 CAD
  • Total Interest: 4,152 CAD
  • 14.9%Interest Rate x 48 months
  • 600 CAD/month + tax
  • Total Payable: 28,806 CAD
  • Total Interest: 7,203 CAD

At the end of the Lease Contract

Residual Value: 15,948 CAD (in 16 months)

  • 4.9%Interest Rate x 48 months
  • 367 CAD/month + tax
  • Total Payable: 17,594 CAD
  • Total Interest: 1,646 CAD
  • 8.9%Interest Rate x 48 months
  • 396 CAD/month + tax
  • Total Payable: 19,013 CAD
  • Total Interest: 3,065 CAD
  • 14.9%Interest Rate x 48 months
  • 443 CAD/month + tax
  • Total Payable: 21,266 CAD
  • Total Interest: 5,318 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)
13.01
  • + tax
  • + fuel
  • + insurance
(or 0.13CAD per km)
  • 26.51CAD/100km (Original Contract back in Dec, 2019)
Time Analysis
Cost per day: (CAD)
11.62
  • + tax
  • + insurance
  • + km driven & fuel
(0.21CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
627.04
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 307.69km/week (Contract Original back in Dec, 2019)

Seller Contact Info

This Contract was Already Transferred.

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