Payment Analysis
468.29CAD/monthin Toronto, ON
- 468.29 CAD/month
- 216.13 CAD/bi-weekly
- 108.07 CAD/week
- 5,619.48 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 529.17 CAD/month
- 244.23 CAD/bi-weekly
- 122.12 CAD/week
- 6,350.01 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:
5,776 ~ 6,676 CAD
compared to leasing a BRAND NEW:
- Mini Cooper S w/ Essentials Package + Loaded Package + Dynamic Damper Control
- for 36 months
- in Ontario
- $0 down payment
- 24,000 km/year
Leasing New (CAD/month) | 544 |
---|---|
This Contract (CAD/month) | 468 |
Monthly Difference | 76 CAD/month |
Remaining Term | x 26 months |
Total Monthly Difference | = 1,976 CAD |
+ Cash Incentive** (CAD) | + 3,000 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 5,776 ~ 6,676 |
** "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:
23,807 CAD
- Total Vehicle Debt: 37,109 CAD
- Paid so Far: 10,302 CAD (27% Paid)
- Remaining Lease Payments: 12,176 CAD
- Residual Value: 14,631 CAD
- Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 10,302 CAD Total Vehicle Value: 37,109 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,176 CAD
Term Paid so Far: 10,302 CAD Residual Value: 14,631 CAD
Cost to Own
Already Paid: 10,302 CAD (27%)
Cash Incentive: 3,000 CAD Buyout Price Today: 23,807 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: 23,807 CAD
- 4.9%Interest Rate x 48 months
- 547 CAD/month + tax
- Total Payable: 26,264 CAD
- Total Interest: 2,458 CAD
- 8.9%Interest Rate x 48 months
- 591 CAD/month + tax
- Total Payable: 28,382 CAD
- Total Interest: 4,576 CAD
- 14.9%Interest Rate x 48 months
- 661 CAD/month + tax
- Total Payable: 31,745 CAD
- Total Interest: 7,938 CAD
At the end of the Lease Contract
Residual Value: 14,631 CAD (in 26 months)
- 4.9%Interest Rate x 48 months
- 336 CAD/month + tax
- Total Payable: 16,142 CAD
- Total Interest: 1,510 CAD
- 8.9%Interest Rate x 48 months
- 363 CAD/month + tax
- Total Payable: 17,443 CAD
- Total Interest: 2,812 CAD
- 14.9%Interest Rate x 48 months
- 406 CAD/month + tax
- Total Payable: 19,510 CAD
- Total Interest: 4,879 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)
11.92
- + tax
- + fuel
- + insurance
- 15.81CAD/100km (TODAY without the Cash Incentive)
- 23.41CAD/100km (Original Contract back in Jan, 2018)
Time Analysis
Cost per day: (CAD)
11.60
- + tax
- + insurance
- + km driven & fuel
- 15.40CAD/day (Original Contract back in Jan, 2018)
Remaining Km
Can be driven up to:
683.43
- km/week
- without any
- additional costs
- 461.54km/week (Contract Original back in Jan, 2018)
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