Payment Analysis

523.57CAD/monthin Winnipeg, MB
    Before Taxes:
  • 523.57 CAD/month
  • 241.65 CAD/bi-weekly
  • 120.82 CAD/week
  • 6,282.84 CAD/year
Incl. Manitoba Taxes (13%):
  • 591.63 CAD/month
  • 273.06 CAD/bi-weekly
  • 136.53 CAD/week
  • 7,099.61 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: 9,872 ~ 11,172 CAD

compared to leasing a BRAND NEW:

  • Mini Cooper S
  • Essentials Style + LED Pack
  • for 24 months
  • in B.C.
  • $0 down payment
  • 28,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 711
This Contract (CAD/month) 524
Monthly Difference 188 CAD/month
Remaining Term x 44 months
Total Monthly Difference = 8,272 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 9,872 ~ 11,172

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 38,512 CAD
  • Total Vehicle Debt: 40,606 CAD
  • Paid so Far: 2,094 CAD (5% Paid)
  • Remaining Lease Payments: 23,037 CAD
  • Residual Value: 15,475 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 2,094 CAD Total Vehicle Value: 40,606 CAD
5% Paid
95%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 23,037 CAD
Term Paid so Far: 2,094 CAD Residual Value: 15,475 CAD
0%
5%
56%
39%
Cost to Own
Already Paid: 2,094 CAD (5%)
Cash Incentive: 0 CAD Buyout Price Today: 38,512 CAD
5% Paid
0%
95%
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: 38,512 CAD

  • 4.9%Interest Rate x 48 months
  • 885 CAD/month + tax
  • Total Payable: 42,488 CAD
  • Total Interest: 3,976 CAD
  • 8.9%Interest Rate x 48 months
  • 957 CAD/month + tax
  • Total Payable: 45,914 CAD
  • Total Interest: 7,402 CAD
  • 14.9%Interest Rate x 48 months
  • 1,070 CAD/month + tax
  • Total Payable: 51,354 CAD
  • Total Interest: 12,842 CAD

At the end of the Lease Contract

Residual Value: 15,475 CAD (in 44 months)

  • 4.9%Interest Rate x 48 months
  • 356 CAD/month + tax
  • Total Payable: 17,073 CAD
  • Total Interest: 1,598 CAD
  • 8.9%Interest Rate x 48 months
  • 384 CAD/month + tax
  • Total Payable: 18,449 CAD
  • Total Interest: 2,974 CAD
  • 14.9%Interest Rate x 48 months
  • 430 CAD/month + tax
  • Total Payable: 20,635 CAD
  • Total Interest: 5,160 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)
41.89
  • + tax
  • + fuel
  • + insurance
(or 0.42CAD per km)
Time Analysis
Cost per day: (CAD)
17.21
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
288.46
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD