Payment Analysis

314.17CAD/monthin Calgary, AB
    Before Taxes:
  • 314.17 CAD/month
  • 145.00 CAD/bi-weekly
  • 72.50 CAD/week
  • 3,770.04 CAD/year
Incl. Alberta Taxes (5%):
  • 329.88 CAD/month
  • 152.25 CAD/bi-weekly
  • 76.13 CAD/week
  • 3,958.54 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: 2,902 ~ 4,202 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla LE
  • for 24 months
  • in Alberta
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 356
This Contract (CAD/month) 314
Monthly Difference 42 CAD/month
Remaining Term x 31 months
Total Monthly Difference = 1,302 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,902 ~ 4,202

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,678 CAD
  • Total Vehicle Debt: 27,475 CAD
  • Paid so Far: 9,797 CAD (35% Paid)
  • Remaining Lease Payments: 9,739 CAD
  • Residual Value: 7,939 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 9,797 CAD Total Vehicle Value: 27,475 CAD
35% Paid
65%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 9,739 CAD
Term Paid so Far: 8,797 CAD Residual Value: 7,939 CAD
3%
32%
35%
30%
Cost to Own
Already Paid: 9,797 CAD (35%)
Cash Incentive: 0 CAD Buyout Price Today: 17,678 CAD
35% Paid
0%
65%
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: 17,678 CAD

  • 4.9%Interest Rate x 48 months
  • 406 CAD/month + tax
  • Total Payable: 19,503 CAD
  • Total Interest: 1,825 CAD
  • 8.9%Interest Rate x 48 months
  • 439 CAD/month + tax
  • Total Payable: 21,076 CAD
  • Total Interest: 3,398 CAD
  • 14.9%Interest Rate x 48 months
  • 491 CAD/month + tax
  • Total Payable: 23,573 CAD
  • Total Interest: 5,895 CAD

At the end of the Lease Contract

Residual Value: 7,939 CAD (in 31 months)

  • 4.9%Interest Rate x 48 months
  • 182 CAD/month + tax
  • Total Payable: 8,758 CAD
  • Total Interest: 820 CAD
  • 8.9%Interest Rate x 48 months
  • 197 CAD/month + tax
  • Total Payable: 9,465 CAD
  • Total Interest: 1,526 CAD
  • 14.9%Interest Rate x 48 months
  • 221 CAD/month + tax
  • Total Payable: 10,586 CAD
  • Total Interest: 2,647 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)
13.33
  • + tax
  • + fuel
  • + insurance
(or 0.13CAD per km)
  • 18.85CAD/100km (Original Contract back in Oct, 2016)
Time Analysis
Cost per day: (CAD)
10.33
  • + tax
  • + insurance
  • + km driven & fuel
(0.11CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
543.92
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in Oct, 2016)

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