Payment Analysis

300.00CAD/monthin Toronto, ON
    Before Taxes:
  • 300.00 CAD/month
  • 138.46 CAD/bi-weekly
  • 69.23 CAD/week
  • 3,600.00 CAD/year
Incl. Ontario Taxes (13%):
  • 339.00 CAD/month
  • 156.46 CAD/bi-weekly
  • 78.23 CAD/week
  • 4,068.00 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: 3,872 CAD

compared to leasing a BRAND NEW:

  • Mazda CX-3 GX
  • for 42 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 372
This Contract (CAD/month) 300
Monthly Difference 72 CAD/month
Remaining Term x 26 months
Total Monthly Difference = 1,872 CAD
+ Cash Incentive** (CAD) + 2,000
Total Savings (CAD) = 3,872
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 13,660 CAD
  • Total Vehicle Debt: 24,760 CAD
  • Paid so Far: 9,100 CAD (36% Paid)
  • Remaining Lease Payments: 7,800 CAD
  • Residual Value: 7,860 CAD
  • Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 9,100 CAD Total Vehicle Value: 24,760 CAD
36% Paid
64%
Vehicle Debt Breakdown
Downpayment: 2,500 CAD Remaining Term: 7,800 CAD
Term Paid so Far: 6,600 CAD Residual Value: 7,860 CAD
9%
27%
31%
33%
Cost to Own
Already Paid: 9,100 CAD (36%)
Cash Incentive: 2,000 CAD Buyout Price Today: 13,660 CAD
36% Paid
8%
56%
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: 13,660 CAD

  • 4.9%Interest Rate x 48 months
  • 314 CAD/month + tax
  • Total Payable: 15,070 CAD
  • Total Interest: 1,410 CAD
  • 8.9%Interest Rate x 48 months
  • 339 CAD/month + tax
  • Total Payable: 16,286 CAD
  • Total Interest: 2,626 CAD
  • 14.9%Interest Rate x 48 months
  • 379 CAD/month + tax
  • Total Payable: 18,215 CAD
  • Total Interest: 4,555 CAD

At the end of the Lease Contract

Residual Value: 7,860 CAD (in 26 months)

  • 4.9%Interest Rate x 48 months
  • 181 CAD/month + tax
  • Total Payable: 8,671 CAD
  • Total Interest: 811 CAD
  • 8.9%Interest Rate x 48 months
  • 195 CAD/month + tax
  • Total Payable: 9,371 CAD
  • Total Interest: 1,511 CAD
  • 14.9%Interest Rate x 48 months
  • 218 CAD/month + tax
  • Total Payable: 10,481 CAD
  • Total Interest: 2,621 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)
7.16
  • + tax
  • + fuel
  • + insurance
(inlcuding the 2,000CAD incentive)
  • 9.63CAD/100km (TODAY without the Cash Incentive)
  • 15.00CAD/100km (Original Contract back in Feb, 2018)
Time Analysis
Cost per day: (CAD)
7.33
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 2,000CAD incentive)
  • 9.86CAD/day (Original Contract back in Feb, 2018)
Remaining Km
Can be driven up to:
718.93
  • km/week
  • without any
  • additional costs
Excess km cost: 0.08CAD
  • 461.54km/week (Contract Original back in Feb, 2018)

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