Toyota Lease Takeover in Toronto, ON: 2020 Toyota 2020 Toyota Corolla LE Automatique 2WD ID:#36743 • LeaseCosts Canada

Payment Analysis

298.23CAD/monthin Toronto, ON

Before Taxes:

298.23 CAD/month
137.64 CAD/bi-weekly
68.82 CAD/week
3,578.76 CAD/year

Incl. Ontario Taxes (13%):

337.00 CAD/month
155.54 CAD/bi-weekly
77.77 CAD/week
4,044.00 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: 9,410 ~ 10,310 CAD

compared to leasing a BRAND NEW:

TOYOTA COROLLA LE CVT
for 24 months
in Ontario
$0 down payment
38,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	544
This Contract (CAD/month)	298
Monthly Difference	246 CAD/month
Remaining Term	x 35 months
Total Monthly Difference	= 8,610 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 9,410 ~ 10,310

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 21,333 CAD

Total Vehicle Debt: 24,912 CAD
Paid so Far: 3,579 CAD (14% Paid)
Remaining Lease Payments: 10,438 CAD
Residual Value: 10,895 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 3,579 CAD Total Vehicle Value: 24,912 CAD

14% Paid

86%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 10,438 CAD

Term Paid so Far: 3,579 CAD Residual Value: 10,895 CAD

14%

42%

44%

Cost to Own

Already Paid: 3,579 CAD (14%)

Cash Incentive: 0 CAD Buyout Price Today: 21,333 CAD

14% Paid

86%

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: 21,333 CAD

4.9%Interest Rate x 48 months
490 CAD/month + tax
Total Payable: 23,535 CAD
Total Interest: 2,202 CAD

8.9%Interest Rate x 48 months
530 CAD/month + tax
Total Payable: 25,433 CAD
Total Interest: 4,100 CAD

14.9%Interest Rate x 48 months
593 CAD/month + tax
Total Payable: 28,446 CAD
Total Interest: 7,113 CAD

At the end of the Lease Contract

Residual Value: 10,895 CAD (in 35 months)

4.9%Interest Rate x 48 months
250 CAD/month + tax
Total Payable: 12,020 CAD
Total Interest: 1,125 CAD

8.9%Interest Rate x 48 months
271 CAD/month + tax
Total Payable: 12,989 CAD
Total Interest: 2,094 CAD

14.9%Interest Rate x 48 months
303 CAD/month + tax
Total Payable: 14,528 CAD
Total Interest: 3,633 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)