Payment Analysis

615.00CAD/monthin Toronto, ON
    Before Taxes:
  • 615.00 CAD/month
  • 283.85 CAD/bi-weekly
  • 141.92 CAD/week
  • 7,380.00 CAD/year
Incl. Ontario Taxes (13%):
  • 694.95 CAD/month
  • 320.75 CAD/bi-weekly
  • 160.37 CAD/week
  • 8,339.40 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: 20,720 ~ 21,620 CAD

compared to leasing a BRAND NEW:

  • BMW 430i Gran Coupe w/ Premium Package
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year (this contract has 32,000)
Savings Breakdown:
Leasing New (CAD/month) 1,030
This Contract (CAD/month) 615
Monthly Difference 415 CAD/month
Remaining Term x 48 months
Total Monthly Difference = 19,920 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 20,720 ~ 21,620

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 55,520 CAD
  • Total Vehicle Debt: 60,320 CAD
  • Paid so Far: 4,800 CAD (7% Paid)
  • Remaining Lease Payments: 29,520 CAD
  • Residual Value: 26,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 4,800 CAD Total Vehicle Value: 60,320 CAD
7% Paid
93%
Vehicle Debt Breakdown
Downpayment: 4,800 CAD Remaining Term: 29,520 CAD
Term Paid so Far: 0 CAD Residual Value: 26,000 CAD
7%
0%
49%
44%
Cost to Own
Already Paid: 4,800 CAD (7%)
Cash Incentive: 0 CAD Buyout Price Today: 55,520 CAD
7% Paid
0%
93%
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: 55,520 CAD

  • 4.9%Interest Rate x 48 months
  • 1,276 CAD/month + tax
  • Total Payable: 61,251 CAD
  • Total Interest: 5,731 CAD
  • 8.9%Interest Rate x 48 months
  • 1,379 CAD/month + tax
  • Total Payable: 66,191 CAD
  • Total Interest: 10,671 CAD
  • 14.9%Interest Rate x 48 months
  • 1,542 CAD/month + tax
  • Total Payable: 74,033 CAD
  • Total Interest: 18,513 CAD

At the end of the Lease Contract

Residual Value: 26,000 CAD (in 48 months)

  • 4.9%Interest Rate x 48 months
  • 598 CAD/month + tax
  • Total Payable: 28,684 CAD
  • Total Interest: 2,684 CAD
  • 8.9%Interest Rate x 48 months
  • 646 CAD/month + tax
  • Total Payable: 30,997 CAD
  • Total Interest: 4,997 CAD
  • 14.9%Interest Rate x 48 months
  • 722 CAD/month + tax
  • Total Payable: 34,670 CAD
  • Total Interest: 8,670 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)
65.60
  • + tax
  • + fuel
  • + insurance
(or 0.66CAD per km)
Time Analysis
Cost per day: (CAD)
20.22
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
216.35
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided

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