Payment Analysis
286.62CAD/monthin Toronto, ON
- 286.62 CAD/month
- 132.29 CAD/bi-weekly
- 66.14 CAD/week
- 3,439.44 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 323.88 CAD/month
- 149.48 CAD/bi-weekly
- 74.74 CAD/week
- 3,886.57 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:
4,392 CAD
compared to leasing a BRAND NEW:
- Toyota Corolla LE CVT with Upgrade Package
- for 24 months
- in Ontario
- $0 down payment
- 30,000 km/year
Leasing New (CAD/month) | 408 |
---|---|
This Contract (CAD/month) | 287 |
Monthly Difference | 122 CAD/month |
Remaining Term | x 36 months |
Total Monthly Difference | = 4,392 CAD |
Total Savings (CAD) | = 4,392 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
18,871 CAD
- Total Vehicle Debt: 27,250 CAD
- Paid so Far: 8,379 CAD (30% Paid)
- Remaining Lease Payments: 10,318 CAD
- Residual Value: 8,553 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,379 CAD Total Vehicle Value: 27,250 CAD
Vehicle Debt Breakdown
Downpayment: 1,500 CAD Remaining Term: 10,318 CAD
Term Paid so Far: 6,879 CAD Residual Value: 8,553 CAD
Cost to Own
Already Paid: 8,379 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 18,871 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: 18,871 CAD
- 4.9%Interest Rate x 48 months
- 434 CAD/month + tax
- Total Payable: 20,819 CAD
- Total Interest: 1,948 CAD
- 8.9%Interest Rate x 48 months
- 469 CAD/month + tax
- Total Payable: 22,498 CAD
- Total Interest: 3,627 CAD
- 14.9%Interest Rate x 48 months
- 524 CAD/month + tax
- Total Payable: 25,164 CAD
- Total Interest: 6,293 CAD
At the end of the Lease Contract
Residual Value: 8,553 CAD (in 36 months)
- 4.9%Interest Rate x 48 months
- 197 CAD/month + tax
- Total Payable: 9,436 CAD
- Total Interest: 883 CAD
- 8.9%Interest Rate x 48 months
- 212 CAD/month + tax
- Total Payable: 10,197 CAD
- Total Interest: 1,644 CAD
- 14.9%Interest Rate x 48 months
- 238 CAD/month + tax
- Total Payable: 11,405 CAD
- Total Interest: 2,852 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)
12.76
- + tax
- + fuel
- + insurance
- 17.20CAD/100km (Original Contract back in May, 2016)
Time Analysis
Cost per day: (CAD)
9.42
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
518.46
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2016)
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