Payment Analysis

383.00CAD/monthin Oakville, ON
    Before Taxes:
  • 383.00 CAD/month
  • 176.77 CAD/bi-weekly
  • 88.38 CAD/week
  • 4,596.00 CAD/year
Incl. Ontario Taxes (13%):
  • 432.79 CAD/month
  • 199.75 CAD/bi-weekly
  • 99.87 CAD/week
  • 5,193.48 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: 3,895 ~ 5,195 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla XSE CVT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 456
This Contract (CAD/month) 383
Monthly Difference 73 CAD/month
Remaining Term x 15 months
Total Monthly Difference = 1,095 CAD
+ Cash Incentive** (CAD) + 1,200
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,895 ~ 5,195
** "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: 18,630 CAD
  • Total Vehicle Debt: 32,886 CAD
  • Paid so Far: 13,056 CAD (39% Paid)
  • Remaining Lease Payments: 5,745 CAD
  • Residual Value: 14,085 CAD
  • Cash Incentive: 1,200 CAD
Vehicle Debt & Value
Paid so far: 13,056 CAD Total Vehicle Value: 32,886 CAD
39% Paid
61%
Vehicle Debt Breakdown
Downpayment: 800 CAD Remaining Term: 5,745 CAD
Term Paid so Far: 12,256 CAD Residual Value: 14,085 CAD
2%
37%
17%
44%
Cost to Own
Already Paid: 13,056 CAD (39%)
Cash Incentive: 1,200 CAD Buyout Price Today: 18,630 CAD
39% Paid
3%
58%
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: 18,630 CAD

  • 4.9%Interest Rate x 48 months
  • 428 CAD/month + tax
  • Total Payable: 20,553 CAD
  • Total Interest: 1,923 CAD
  • 8.9%Interest Rate x 48 months
  • 463 CAD/month + tax
  • Total Payable: 22,211 CAD
  • Total Interest: 3,581 CAD
  • 14.9%Interest Rate x 48 months
  • 518 CAD/month + tax
  • Total Payable: 24,842 CAD
  • Total Interest: 6,212 CAD

At the end of the Lease Contract

Residual Value: 14,085 CAD (in 15 months)

  • 4.9%Interest Rate x 48 months
  • 324 CAD/month + tax
  • Total Payable: 15,539 CAD
  • Total Interest: 1,454 CAD
  • 8.9%Interest Rate x 48 months
  • 350 CAD/month + tax
  • Total Payable: 16,792 CAD
  • Total Interest: 2,707 CAD
  • 14.9%Interest Rate x 48 months
  • 391 CAD/month + tax
  • Total Payable: 18,782 CAD
  • Total Interest: 4,697 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)
6.75
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,200CAD incentive)
  • 8.53CAD/100km (TODAY without the Cash Incentive)
  • 22.98CAD/100km (Original Contract back in Apr, 2020)
Time Analysis
Cost per day: (CAD)
9.96
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,200CAD incentive)
  • 12.59CAD/day (Original Contract back in Apr, 2020)
Remaining Km
Can be driven up to:
1,035.90
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in Apr, 2020)

Seller Contact Info

This Contract was Already Transferred.

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