Payment Analysis

907.00CAD/monthin Toronto, ON
    Before Taxes:
  • 907.00 CAD/month
  • 418.62 CAD/bi-weekly
  • 209.31 CAD/week
  • 10,884.00 CAD/year
Incl. Ontario Taxes (13%):
  • 1,024.91 CAD/month
  • 473.04 CAD/bi-weekly
  • 236.52 CAD/week
  • 12,298.92 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: -6,024 ~ -5,124 CAD

compared to leasing a BRAND NEW:

  • RANGE ROVER VELAR VELAR SP250 AWD AUTOMATIC
  • for 24 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,639
This Contract (CAD/month) 907
Monthly Difference 732 CAD/month
Remaining Term x 18 months
Total Monthly Difference = 13,176 CAD
- Required Payment** (CAD) - 20,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = -6,024 ~ -5,124
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 56,326 CAD
  • Total Vehicle Debt: 78,094 CAD
  • Paid so Far: 41,768 CAD (53% Paid)
  • Remaining Lease Payments: 16,326 CAD
  • Residual Value: 20,000 CAD
  • Required Payment: 20,000 CAD
Vehicle Debt & Value
Paid so far: 41,768 CAD Total Vehicle Value: 78,094 CAD
53% Paid
47%
Vehicle Debt Breakdown
Downpayment: 20,000 CAD Remaining Term: 16,326 CAD
Term Paid so Far: 21,768 CAD Residual Value: 20,000 CAD
25%
28%
21%
26%
Cost to Own
Already Paid: 41,768 CAD (53%)
Required Payment: 20,000 CAD (25%)Buyout Price Today: 56,326 CAD
28% Paid
25%
47%
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: 56,326 CAD

  • 4.9%Interest Rate x 48 months
  • 1,295 CAD/month + tax
  • Total Payable: 62,141 CAD
  • Total Interest: 5,815 CAD
  • 8.9%Interest Rate x 48 months
  • 1,399 CAD/month + tax
  • Total Payable: 67,152 CAD
  • Total Interest: 10,826 CAD
  • 14.9%Interest Rate x 48 months
  • 1,565 CAD/month + tax
  • Total Payable: 75,108 CAD
  • Total Interest: 18,782 CAD

At the end of the Lease Contract

Residual Value: 20,000 CAD (in 18 months)

  • 4.9%Interest Rate x 48 months
  • 460 CAD/month + tax
  • Total Payable: 22,065 CAD
  • Total Interest: 2,065 CAD
  • 8.9%Interest Rate x 48 months
  • 497 CAD/month + tax
  • Total Payable: 23,844 CAD
  • Total Interest: 3,844 CAD
  • 14.9%Interest Rate x 48 months
  • 556 CAD/month + tax
  • Total Payable: 26,669 CAD
  • Total Interest: 6,669 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)
64.85
  • + tax
  • + fuel
  • + insurance
(inlcuding the 20,000CAD incentive)
  • 29.15CAD/100km (TODAY without the Cash Incentive)
  • 49.47CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
66.35
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 20,000CAD incentive)
  • 29.82CAD/day (Original Contract back in Aug, 2020)
Remaining Km
Can be driven up to:
718.15
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 423.08km/week (Contract Original back in Aug, 2020)

Seller Contact Info

This Contract was Already Transferred.

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