Payment Analysis

305.00CAD/monthin Hamilton, ON
    Before Taxes:
  • 305.00 CAD/month
  • 140.77 CAD/bi-weekly
  • 70.38 CAD/week
  • 3,660.00 CAD/year
Incl. Ontario Taxes (13%):
  • 344.65 CAD/month
  • 159.07 CAD/bi-weekly
  • 79.53 CAD/week
  • 4,135.80 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: 5,525 ~ 6,425 CAD

compared to leasing a BRAND NEW:

  • Mazda Mazda3 GT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 440
This Contract (CAD/month) 305
Monthly Difference 135 CAD/month
Remaining Term x 35 months
Total Monthly Difference = 4,725 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 5,525 ~ 6,425

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 20,923 CAD
  • Total Vehicle Debt: 27,988 CAD
  • Paid so Far: 7,065 CAD (25% Paid)
  • Remaining Lease Payments: 10,675 CAD
  • Residual Value: 10,248 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,065 CAD Total Vehicle Value: 27,988 CAD
25% Paid
75%
Vehicle Debt Breakdown
Downpayment: 3,100 CAD Remaining Term: 10,675 CAD
Term Paid so Far: 3,965 CAD Residual Value: 10,248 CAD
10%
15%
38%
37%
Cost to Own
Already Paid: 7,065 CAD (25%)
Cash Incentive: 0 CAD Buyout Price Today: 20,923 CAD
25% Paid
0%
75%
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: 20,923 CAD

  • 4.9%Interest Rate x 48 months
  • 481 CAD/month + tax
  • Total Payable: 23,083 CAD
  • Total Interest: 2,160 CAD
  • 8.9%Interest Rate x 48 months
  • 520 CAD/month + tax
  • Total Payable: 24,944 CAD
  • Total Interest: 4,021 CAD
  • 14.9%Interest Rate x 48 months
  • 581 CAD/month + tax
  • Total Payable: 27,900 CAD
  • Total Interest: 6,977 CAD

At the end of the Lease Contract

Residual Value: 10,248 CAD (in 35 months)

  • 4.9%Interest Rate x 48 months
  • 236 CAD/month + tax
  • Total Payable: 11,306 CAD
  • Total Interest: 1,058 CAD
  • 8.9%Interest Rate x 48 months
  • 255 CAD/month + tax
  • Total Payable: 12,218 CAD
  • Total Interest: 1,970 CAD
  • 14.9%Interest Rate x 48 months
  • 285 CAD/month + tax
  • Total Payable: 13,665 CAD
  • Total Interest: 3,417 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)
16.00
  • + tax
  • + fuel
  • + insurance
(or 0.16CAD per km)
  • 18.30CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
10.03
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
439.78
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in May, 2017)