Payment Analysis
246.96CAD/monthin Toronto, ON
- 246.96 CAD/month
- 113.98 CAD/bi-weekly
- 56.99 CAD/week
- 2,963.52 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 279.06 CAD/month
- 128.80 CAD/bi-weekly
- 64.40 CAD/week
- 3,348.78 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:
13,360 ~ 14,260 CAD
compared to leasing a BRAND NEW:
- Toyota Corolla w/ Upgrade Package
- for 24 months
- in Ontario
- $0 down payment
- 16,000 km/year
| Leasing New (CAD/month) | 511 |
|---|---|
| This Contract (CAD/month) | 247 |
| Monthly Difference | 265 CAD/month |
| Remaining Term | x 44 months |
| Total Monthly Difference | = 11,660 CAD |
| + Cash Incentive** (CAD) | + 900 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 13,360 ~ 14,260 |
| ** "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:
22,148 CAD
- Total Vehicle Debt: 21,825 CAD
- Paid so Far: -1,223 CAD (-6% Paid)
- Remaining Lease Payments: 10,866 CAD
- Residual Value: 12,182 CAD
- Cash Incentive: 900 CAD
Vehicle Debt & Value
Paid so far: -1,223 CAD Total Vehicle Value: 21,825 CAD
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 10,866 CAD
Term Paid so Far: -2,223 CAD Residual Value: 12,182 CAD
Cost to Own
Already Paid: -1,223 CAD (-6%)
Cash Incentive: 900 CAD Buyout Price Today: 22,148 CAD
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: 22,148 CAD
- 4.9%Interest Rate x 48 months
- 509 CAD/month + tax
- Total Payable: 24,434 CAD
- Total Interest: 2,286 CAD
- 8.9%Interest Rate x 48 months
- 550 CAD/month + tax
- Total Payable: 26,405 CAD
- Total Interest: 4,257 CAD
- 14.9%Interest Rate x 48 months
- 615 CAD/month + tax
- Total Payable: 29,533 CAD
- Total Interest: 7,385 CAD
At the end of the Lease Contract
Residual Value: 12,182 CAD (in 44 months)
- 4.9%Interest Rate x 48 months
- 280 CAD/month + tax
- Total Payable: 13,439 CAD
- Total Interest: 1,258 CAD
- 8.9%Interest Rate x 48 months
- 303 CAD/month + tax
- Total Payable: 14,523 CAD
- Total Interest: 2,341 CAD
- 14.9%Interest Rate x 48 months
- 338 CAD/month + tax
- Total Payable: 16,244 CAD
- Total Interest: 4,062 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)
41.24
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
7.45
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
126.75
- km/week
- without any
- additional costs
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SAVE ~7,200 CAD
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Vehicle Status
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