Payment Analysis
298.00CAD/monthin Toronto, ON
- 298.00 CAD/month
- 137.54 CAD/bi-weekly
- 68.77 CAD/week
- 3,576.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 336.74 CAD/month
- 155.42 CAD/bi-weekly
- 77.71 CAD/week
- 4,040.88 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:
3,486 CAD
compared to leasing a BRAND NEW:
- Toyota COROLLA HATCHBACK CVT with SE Upgrade
- for 36 months
- in Ontario
- $0 down payment
- 26,000 km/year
Leasing New (CAD/month) | 412 |
---|---|
This Contract (CAD/month) | 298 |
Monthly Difference | 114 CAD/month |
Remaining Term | x 24 months |
Total Monthly Difference | = 2,736 CAD |
+ Cash Incentive** (CAD) | + 750 |
Total Savings (CAD) | = 3,486 |
** "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:
15,986 CAD
- Total Vehicle Debt: 28,464 CAD
- Paid so Far: 11,728 CAD (41% Paid)
- Remaining Lease Payments: 7,152 CAD
- Residual Value: 9,584 CAD
- Cash Incentive: 750 CAD
Vehicle Debt & Value
Paid so far: 11,728 CAD Total Vehicle Value: 28,464 CAD
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 7,152 CAD
Term Paid so Far: 10,728 CAD Residual Value: 9,584 CAD
Cost to Own
Already Paid: 11,728 CAD (41%)
Cash Incentive: 750 CAD Buyout Price Today: 15,986 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: 15,986 CAD
- 4.9%Interest Rate x 48 months
- 367 CAD/month + tax
- Total Payable: 17,636 CAD
- Total Interest: 1,650 CAD
- 8.9%Interest Rate x 48 months
- 397 CAD/month + tax
- Total Payable: 19,058 CAD
- Total Interest: 3,073 CAD
- 14.9%Interest Rate x 48 months
- 444 CAD/month + tax
- Total Payable: 21,316 CAD
- Total Interest: 5,330 CAD
At the end of the Lease Contract
Residual Value: 9,584 CAD (in 24 months)
- 4.9%Interest Rate x 48 months
- 220 CAD/month + tax
- Total Payable: 10,573 CAD
- Total Interest: 989 CAD
- 8.9%Interest Rate x 48 months
- 238 CAD/month + tax
- Total Payable: 11,426 CAD
- Total Interest: 1,842 CAD
- 14.9%Interest Rate x 48 months
- 266 CAD/month + tax
- Total Payable: 12,779 CAD
- Total Interest: 3,196 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)
8.12
- + tax
- + fuel
- + insurance
- 9.07CAD/100km (TODAY without the Cash Incentive)
- 17.88CAD/100km (Original Contract back in Mar, 2017)
Time Analysis
Cost per day: (CAD)
8.77
- + tax
- + insurance
- + km driven & fuel
- 9.80CAD/day (Original Contract back in Mar, 2017)
Remaining Km
Can be driven up to:
758.27
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Mar, 2017)
Similar Listings in Toronto
2022 Lexus
IS300 Luxury Automatique AWD
Payment Details
- Current Payment: 606 CAD/month + tax
- Residual Value: 20,517 CAD
- Months to End: 38 months (Jun, 2027)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 18,200 km total
- Available Now: 25,305 km/year (2,109 per month)
- Excess Km Cost: 0.20 CAD/km
+ 950 cash
2023 Mazda
Mazda3 Sport GT Automatique AWD
Payment Details
- Current Payment: 598 CAD/month + tax
- Cash Incentive: 950 CAD
- Payment After Incentive: 570 CAD/month + tax
- Original Downpayment: 3,211 CAD
- Residual Value: 19,315 CAD
- Months to End: 34 months (Feb, 2027)
Vehicle Status
- Contract Allowance: 16,000 km/year
- Current Odometer: 4,600 km total
- Available Now: 20,965 km/year (1,747 per month)
- Excess Km Cost: 0.08 CAD/km
2021 Mazda
Mazda3 GT Auto FWD Automatique 2WD w/ Warranty Complete Term + Wear & Tear Coverage
Payment Details
- Current Payment: 352 CAD/month + tax
- Months to End: 9 months (Jan, 2025)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 52,000 km total
- Available Now: 37,333 km/year (3,111 per month)
- Please note that this contract ends in less than a year.
2022 Nissan
Kicks CVT 2WD SV
Payment Details
- Current Payment: 390 CAD/month + tax
- Residual Value: 11,112 CAD
- Months to End: 41 months (Aug, 2027)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 16,500 km total
- Available Now: 24,439 km/year (2,037 per month)
2022 Jeep
Wrangler Sport Automatique AWD
Payment Details
- Current Payment: 476 CAD/month + tax
- Residual Value: 43,251 CAD
- Months to End: 16 months (Aug, 2025)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 19,100 km total
- Available Now: 29,425 km/year (2,452 per month)
- Excess Km Cost: 0.20 CAD/km
2023 Honda
ex Automatique 2WD
Payment Details
- Current Payment: 552 CAD/month + tax
- Original Downpayment: 1,000 CAD
- Residual Value: 18,000 CAD
- Months to End: 24 months (Apr, 2026)
Vehicle Status
- Contract Allowance: 24,000 km/year
- Current Odometer: 10,300 km total
- Available Now: 29,850 km/year (2,488 per month)