Toyota Lease Takeover in Gatineau, QC: 2018 Toyota Corolla IM CVT 2WD ID:#28809

410

+taxX 24 months

(Cash Incentive of 2,000CAD is applied)

This vehicle is SOLD

Payment Analysis

326.24CAD/monthin Gatineau, QC

Before Taxes:

326.24 CAD/month
150.57 CAD/bi-weekly
75.29 CAD/week
3,914.88 CAD/year

Incl. Québec Taxes (14.98%):

375.11 CAD/month
173.13 CAD/bi-weekly
86.56 CAD/week
4,501.33 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: 4,880 ~ 6,180 CAD

compared to leasing a BRAND NEW:

Toyota Corolla Hatchback CVT
for 24 months
in QC
$0 down payment
33,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	546
This Contract (CAD/month)	326
Monthly Difference	220 CAD/month
Remaining Term	x 24 months
Total Monthly Difference	= 5,280 CAD
- Required Payment** (CAD)	- 2,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 4,880 ~ 6,180
	** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 18,085 CAD

Total Vehicle Debt: 32,482 CAD
Paid so Far: 16,397 CAD (50% Paid)
Remaining Lease Payments: 7,830 CAD
Residual Value: 8,255 CAD
Required Payment: 2,000 CAD

Vehicle Debt & Value

Paid so far: 16,397 CAD Total Vehicle Value: 32,482 CAD

50% Paid

50%

Vehicle Debt Breakdown

Downpayment: 4,000 CAD Remaining Term: 7,830 CAD

Term Paid so Far: 12,397 CAD Residual Value: 8,255 CAD

12%

38%

24%

26%

Cost to Own

Already Paid: 16,397 CAD (50%)

Required Payment: 2,000 CAD (6%)Buyout Price Today: 18,085 CAD

44% Paid

50%

Additional Financing Details

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: 18,085 CAD

4.9%Interest Rate x 48 months
416 CAD/month + tax
Total Payable: 19,951 CAD
Total Interest: 1,867 CAD

8.9%Interest Rate x 48 months
449 CAD/month + tax
Total Payable: 21,560 CAD
Total Interest: 3,476 CAD

14.9%Interest Rate x 48 months
502 CAD/month + tax
Total Payable: 24,115 CAD
Total Interest: 6,030 CAD

At the end of the Lease Contract

Residual Value: 8,255 CAD (in 24 months)

4.9%Interest Rate x 48 months
190 CAD/month + tax
Total Payable: 9,107 CAD
Total Interest: 852 CAD

8.9%Interest Rate x 48 months
205 CAD/month + tax
Total Payable: 9,841 CAD
Total Interest: 1,587 CAD

14.9%Interest Rate x 48 months
229 CAD/month + tax
Total Payable: 11,007 CAD
Total Interest: 2,752 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)

12.98

+ tax
+ fuel
+ insurance

(inlcuding the 2,000CAD incentive)

10.34CAD/100km (TODAY without the Cash Incentive)
16.31CAD/100km (Original Contract back in Jun, 2018)

Time Analysis

Cost per day: (CAD)

13.47

+ tax
+ insurance
+ km driven & fuel