Payment Analysis

361.98CAD/monthin Mississauga, ON
    Before Taxes:
  • 361.98 CAD/month
  • 167.07 CAD/bi-weekly
  • 83.53 CAD/week
  • 4,343.76 CAD/year
Incl. Ontario Taxes (13%):
  • 409.04 CAD/month
  • 188.79 CAD/bi-weekly
  • 94.39 CAD/week
  • 4,908.45 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: 1,458 ~ 1,858 CAD

compared to leasing a BRAND NEW:

  • Toyota COROLLA XLE CVT
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 408
This Contract (CAD/month) 362
Monthly Difference 47 CAD/month
Remaining Term x 14 months
Total Monthly Difference = 658 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,458 ~ 1,858

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,966 CAD
  • Total Vehicle Debt: 37,417 CAD
  • Paid so Far: 21,451 CAD (57% Paid)
  • Remaining Lease Payments: 5,068 CAD
  • Residual Value: 10,898 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 21,451 CAD Total Vehicle Value: 37,417 CAD
57% Paid
43%
Vehicle Debt Breakdown
Downpayment: 4,800 CAD Remaining Term: 5,068 CAD
Term Paid so Far: 16,651 CAD Residual Value: 10,898 CAD
12%
45%
13%
30%
Cost to Own
Already Paid: 21,451 CAD (57%)
Cash Incentive: 0 CAD Buyout Price Today: 15,966 CAD
57% Paid
0%
43%
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: 15,966 CAD

  • 4.9%Interest Rate x 48 months
  • 367 CAD/month + tax
  • Total Payable: 17,614 CAD
  • Total Interest: 1,648 CAD
  • 8.9%Interest Rate x 48 months
  • 397 CAD/month + tax
  • Total Payable: 19,034 CAD
  • Total Interest: 3,069 CAD
  • 14.9%Interest Rate x 48 months
  • 444 CAD/month + tax
  • Total Payable: 21,289 CAD
  • Total Interest: 5,324 CAD

At the end of the Lease Contract

Residual Value: 10,898 CAD (in 14 months)

  • 4.9%Interest Rate x 48 months
  • 250 CAD/month + tax
  • Total Payable: 12,023 CAD
  • Total Interest: 1,125 CAD
  • 8.9%Interest Rate x 48 months
  • 271 CAD/month + tax
  • Total Payable: 12,993 CAD
  • Total Interest: 2,095 CAD
  • 14.9%Interest Rate x 48 months
  • 303 CAD/month + tax
  • Total Payable: 14,532 CAD
  • Total Interest: 3,634 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)
6.78
  • + tax
  • + fuel
  • + insurance
(or 0.07CAD per km)
  • 21.72CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
11.90
  • + tax
  • + insurance
  • + km driven & fuel
(0.23CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,231.32
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in Jul, 2020)

Seller Contact Info

This Contract was Already Transferred.

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