Payment Analysis
605.00CAD/monthin Mississauga, ON
- 605.00 CAD/month
- 279.23 CAD/bi-weekly
- 139.62 CAD/week
- 7,260.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 683.65 CAD/month
- 315.53 CAD/bi-weekly
- 157.77 CAD/week
- 8,203.80 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:
11,184 ~ 12,084 CAD
compared to leasing a BRAND NEW:
- MB C300 4Matic
- for 36 months
- in Ontario
- $0 down payment
- 23,000 km/year
Leasing New (CAD/month) | 892 |
---|---|
This Contract (CAD/month) | 605 |
Monthly Difference | 287 CAD/month |
Remaining Term | x 32 months |
Total Monthly Difference | = 9,184 CAD |
+ Cash Incentive** (CAD) | + 1,200 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 11,184 ~ 12,084 |
** "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:
47,204 CAD
- Total Vehicle Debt: 62,269 CAD
- Paid so Far: 13,865 CAD (22% Paid)
- Remaining Lease Payments: 19,360 CAD
- Residual Value: 29,044 CAD
- Cash Incentive: 1,200 CAD
Vehicle Debt & Value
Paid so far: 13,865 CAD Total Vehicle Value: 62,269 CAD
Vehicle Debt Breakdown
Downpayment: 6,000 CAD Remaining Term: 19,360 CAD
Term Paid so Far: 7,865 CAD Residual Value: 29,044 CAD
Cost to Own
Already Paid: 13,865 CAD (22%)
Cash Incentive: 1,200 CAD Buyout Price Today: 47,204 CAD
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: 47,204 CAD
- 4.9%Interest Rate x 48 months
- 1,085 CAD/month + tax
- Total Payable: 52,077 CAD
- Total Interest: 4,873 CAD
- 8.9%Interest Rate x 48 months
- 1,172 CAD/month + tax
- Total Payable: 56,277 CAD
- Total Interest: 9,073 CAD
- 14.9%Interest Rate x 48 months
- 1,311 CAD/month + tax
- Total Payable: 62,944 CAD
- Total Interest: 15,740 CAD
At the end of the Lease Contract
Residual Value: 29,044 CAD (in 32 months)
- 4.9%Interest Rate x 48 months
- 668 CAD/month + tax
- Total Payable: 32,042 CAD
- Total Interest: 2,998 CAD
- 8.9%Interest Rate x 48 months
- 721 CAD/month + tax
- Total Payable: 34,626 CAD
- Total Interest: 5,582 CAD
- 14.9%Interest Rate x 48 months
- 807 CAD/month + tax
- Total Payable: 38,729 CAD
- Total Interest: 9,685 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)
25.94
- + tax
- + fuel
- + insurance
- 27.66CAD/100km (TODAY without the Cash Incentive)
- 36.30CAD/100km (Original Contract back in Nov, 2017)
Time Analysis
Cost per day: (CAD)
18.66
- + tax
- + insurance
- + km driven & fuel
- 19.89CAD/day (Original Contract back in Nov, 2017)
Remaining Km
Can be driven up to:
504.81
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Nov, 2017)
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