Payment Analysis

192.00CAD/monthin Brampton, ON
    Before Taxes:
  • 192.00 CAD/month
  • 88.62 CAD/bi-weekly
  • 44.31 CAD/week
  • 2,304.00 CAD/year
Incl. Ontario Taxes (13%):
  • 216.96 CAD/month
  • 100.14 CAD/bi-weekly
  • 50.07 CAD/week
  • 2,603.52 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: 7,676 ~ 8,576 CAD

compared to leasing a BRAND NEW:

  • Nissan Micra SV
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 323
This Contract (CAD/month) 192
Monthly Difference 131 CAD/month
Remaining Term x 46 months
Total Monthly Difference = 6,026 CAD
+ Cash Incentive** (CAD) + 850
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 7,676 ~ 8,576
** "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: 15,982 CAD
  • Total Vehicle Debt: 15,488 CAD
  • Paid so Far: -1,344 CAD (-9% Paid)
  • Remaining Lease Payments: 8,832 CAD
  • Residual Value: 8,000 CAD
  • Cash Incentive: 850 CAD
Vehicle Debt & Value
Paid so far: -1,344 CAD Total Vehicle Value: 15,488 CAD
-9% Paid
109%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,832 CAD
Term Paid so Far: -1,344 CAD Residual Value: 8,000 CAD
0%
-9%
57%
52%
Cost to Own
Already Paid: -1,344 CAD (-9%)
Cash Incentive: 850 CAD Buyout Price Today: 15,982 CAD
-9% Paid
5%
104%
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: 15,982 CAD

  • 4.9%Interest Rate x 48 months
  • 367 CAD/month + tax
  • Total Payable: 17,632 CAD
  • Total Interest: 1,650 CAD
  • 8.9%Interest Rate x 48 months
  • 397 CAD/month + tax
  • Total Payable: 19,054 CAD
  • Total Interest: 3,072 CAD
  • 14.9%Interest Rate x 48 months
  • 444 CAD/month + tax
  • Total Payable: 21,311 CAD
  • Total Interest: 5,329 CAD

At the end of the Lease Contract

Residual Value: 8,000 CAD (in 46 months)

  • 4.9%Interest Rate x 48 months
  • 184 CAD/month + tax
  • Total Payable: 8,826 CAD
  • Total Interest: 826 CAD
  • 8.9%Interest Rate x 48 months
  • 199 CAD/month + tax
  • Total Payable: 9,538 CAD
  • Total Interest: 1,538 CAD
  • 14.9%Interest Rate x 48 months
  • 222 CAD/month + tax
  • Total Payable: 10,668 CAD
  • Total Interest: 2,668 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)
15.06
  • + tax
  • + fuel
  • + insurance
(inlcuding the 850CAD incentive)
Time Analysis
Cost per day: (CAD)
5.70
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 850CAD incentive)
Remaining Km
Can be driven up to:
265.89
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD

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