Payment Analysis

362.00CAD/monthin St.Catharines, ON
    Before Taxes:
  • 362.00 CAD/month
  • 167.08 CAD/bi-weekly
  • 83.54 CAD/week
  • 4,344.00 CAD/year
Incl. Ontario Taxes (13%):
  • 409.06 CAD/month
  • 188.80 CAD/bi-weekly
  • 94.40 CAD/week
  • 4,908.72 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: 1,200 ~ 2,100 CAD

compared to leasing a BRAND NEW:

  • TOYOTA COROLLA L 6M 2WD
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 367
This Contract (CAD/month) 362
Monthly Difference 5 CAD/month
Remaining Term x 0 months
Total Monthly Difference = 0 CAD
+ Cash Incentive** (CAD) + 400
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,200 ~ 2,100
** "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: 23,600 CAD
  • Total Vehicle Debt: 37,032 CAD
  • Paid so Far: 13,032 CAD (35% Paid)
  • Remaining Lease Payments: 0 CAD
  • Residual Value: 24,000 CAD
  • Cash Incentive: 400 CAD
Vehicle Debt & Value
Paid so far: 13,032 CAD Total Vehicle Value: 37,032 CAD
35% Paid
65%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 0 CAD
Term Paid so Far: 13,032 CAD Residual Value: 24,000 CAD
0%
35%
0%
65%
Cost to Own
Already Paid: 13,032 CAD (35%)
Cash Incentive: 400 CAD Buyout Price Today: 23,600 CAD
35% Paid
1%
64%
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: 23,600 CAD

  • 4.9%Interest Rate x 48 months
  • 542 CAD/month + tax
  • Total Payable: 26,036 CAD
  • Total Interest: 2,436 CAD
  • 8.9%Interest Rate x 48 months
  • 586 CAD/month + tax
  • Total Payable: 28,136 CAD
  • Total Interest: 4,536 CAD
  • 14.9%Interest Rate x 48 months
  • 656 CAD/month + tax
  • Total Payable: 31,469 CAD
  • Total Interest: 7,869 CAD

At the end of the Lease Contract

Residual Value: 24,000 CAD (in 1 months)

  • 4.9%Interest Rate x 48 months
  • 552 CAD/month + tax
  • Total Payable: 26,478 CAD
  • Total Interest: 2,478 CAD
  • 8.9%Interest Rate x 48 months
  • 596 CAD/month + tax
  • Total Payable: 28,613 CAD
  • Total Interest: 4,613 CAD
  • 14.9%Interest Rate x 48 months
  • 667 CAD/month + tax
  • Total Payable: 32,003 CAD
  • Total Interest: 8,003 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)
-0.07
  • + tax
  • + fuel
  • + insurance
(inlcuding the 400CAD incentive)
  • 0.70CAD/100km (TODAY without the Cash Incentive)
  • 21.72CAD/100km (Original Contract back in Mar, 2021)
Time Analysis
Cost per day: (CAD)
-1.25
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 400CAD incentive)
  • 11.90CAD/day (Original Contract back in Mar, 2021)
Remaining Km
Can be driven up to:
11,953.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in Mar, 2021)

Seller Contact Info

This Contract was Already Transferred.

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