Payment Analysis

502.26CAD/monthin Vancouver, BC
    Before Taxes:
  • 502.26 CAD/month
  • 231.81 CAD/bi-weekly
  • 115.91 CAD/week
  • 6,027.12 CAD/year
Incl. B.C. Taxes (12%):
  • 562.53 CAD/month
  • 259.63 CAD/bi-weekly
  • 129.81 CAD/week
  • 6,750.37 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: 7,280 ~ 8,180 CAD

compared to leasing a BRAND NEW:

  • Mini Cooper Convertible Automatic with Loaded Pkg & Essentials Pkg
  • for 24 months
  • in B.C.
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 646
This Contract (CAD/month) 502
Monthly Difference 144 CAD/month
Remaining Term x 45 months
Total Monthly Difference = 6,480 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 7,280 ~ 8,180

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,672 CAD
  • Total Vehicle Debt: 39,211 CAD
  • Paid so Far: -2,460 CAD (-7% Paid)
  • Remaining Lease Payments: 22,602 CAD
  • Residual Value: 19,070 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -2,460 CAD Total Vehicle Value: 39,211 CAD
-7% Paid
107%
Vehicle Debt Breakdown
Downpayment: 2,060 CAD Remaining Term: 22,602 CAD
Term Paid so Far: -4,520 CAD Residual Value: 19,070 CAD
5%
-12%
58%
49%
Cost to Own
Already Paid: -2,460 CAD (-7%)
Cash Incentive: 0 CAD Buyout Price Today: 41,672 CAD
-7% Paid
0%
107%
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: 41,672 CAD

  • 4.9%Interest Rate x 48 months
  • 958 CAD/month + tax
  • Total Payable: 45,974 CAD
  • Total Interest: 4,302 CAD
  • 8.9%Interest Rate x 48 months
  • 1,035 CAD/month + tax
  • Total Payable: 49,681 CAD
  • Total Interest: 8,009 CAD
  • 14.9%Interest Rate x 48 months
  • 1,158 CAD/month + tax
  • Total Payable: 55,567 CAD
  • Total Interest: 13,895 CAD

At the end of the Lease Contract

Residual Value: 19,070 CAD (in 45 months)

  • 4.9%Interest Rate x 48 months
  • 438 CAD/month + tax
  • Total Payable: 21,039 CAD
  • Total Interest: 1,969 CAD
  • 8.9%Interest Rate x 48 months
  • 474 CAD/month + tax
  • Total Payable: 22,735 CAD
  • Total Interest: 3,665 CAD
  • 14.9%Interest Rate x 48 months
  • 530 CAD/month + tax
  • Total Payable: 25,429 CAD
  • Total Interest: 6,359 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)
90.41
  • + tax
  • + fuel
  • + insurance
(or 0.90CAD per km)
Time Analysis
Cost per day: (CAD)
16.51
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
128.21
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

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