Mercedes-Benz Lease Takeover in Vaughan: 2021 Mercedes-Benz A220 4matic 4dr Automatique AWD ID:#33224 • LeaseCosts Canada

Payment Analysis

644.01CAD/monthin Vaughan

Before Taxes:

644.01 CAD/month
297.24 CAD/bi-weekly
148.62 CAD/week
7,728.12 CAD/year

Incl. Ontario Taxes (13%):

727.73 CAD/month
335.88 CAD/bi-weekly
167.94 CAD/week
8,732.78 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: 1,912 ~ 2,812 CAD

compared to leasing a BRAND NEW:

Mercedes-Benz A220 4MATIC 4dr Automatic AWD w/ Navigation, Sport, Premium packages, heated steering wheel, electric passenger seat,
for 39 months
in Ontario
$0 down payment
16,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	783
This Contract (CAD/month)	644
Monthly Difference	139 CAD/month
Remaining Term	x 8 months
Total Monthly Difference	= 1,112 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 1,912 ~ 2,812

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,392 CAD

Total Vehicle Debt: 49,576 CAD
Paid so Far: 23,184 CAD (46% Paid)
Remaining Lease Payments: 5,152 CAD
Residual Value: 21,240 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 23,184 CAD Total Vehicle Value: 49,576 CAD

46% Paid

54%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 5,152 CAD

Term Paid so Far: 23,184 CAD Residual Value: 21,240 CAD

46%

10%

44%

Cost to Own

Already Paid: 23,184 CAD (46%)

Cash Incentive: 0 CAD Buyout Price Today: 26,392 CAD

46% Paid

54%

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: 26,392 CAD

4.9%Interest Rate x 48 months
607 CAD/month + tax
Total Payable: 29,117 CAD
Total Interest: 2,725 CAD

8.9%Interest Rate x 48 months
656 CAD/month + tax
Total Payable: 31,465 CAD
Total Interest: 5,073 CAD

14.9%Interest Rate x 48 months
733 CAD/month + tax
Total Payable: 35,192 CAD
Total Interest: 8,800 CAD

At the end of the Lease Contract

Residual Value: 21,240 CAD (in 8 months)

4.9%Interest Rate x 48 months
488 CAD/month + tax
Total Payable: 23,433 CAD
Total Interest: 2,193 CAD

8.9%Interest Rate x 48 months
528 CAD/month + tax
Total Payable: 25,322 CAD
Total Interest: 4,082 CAD

14.9%Interest Rate x 48 months
590 CAD/month + tax
Total Payable: 28,322 CAD
Total Interest: 7,082 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)