Payment Analysis

187.00CAD/monthin Windsor, ON
    Before Taxes:
  • 187.00 CAD/month
  • 86.31 CAD/bi-weekly
  • 43.15 CAD/week
  • 2,244.00 CAD/year
Incl. Ontario Taxes (13%):
  • 211.31 CAD/month
  • 97.53 CAD/bi-weekly
  • 48.76 CAD/week
  • 2,535.72 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: 3,336 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla SE CVT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 326
This Contract (CAD/month) 187
Monthly Difference 139 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 3,336 CAD
Total Savings (CAD) = 3,336

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 16,813 CAD
  • Total Vehicle Debt: 22,818 CAD
  • Paid so Far: 6,005 CAD (26% Paid)
  • Remaining Lease Payments: 4,488 CAD
  • Residual Value: 12,325 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,005 CAD Total Vehicle Value: 22,818 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 3,200 CAD Remaining Term: 4,488 CAD
Term Paid so Far: 2,805 CAD Residual Value: 12,325 CAD
13%
13%
19%
55%
Cost to Own
Already Paid: 6,005 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 16,813 CAD
26% Paid
0%
74%
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: 16,813 CAD

  • 4.9%Interest Rate x 48 months
  • 386 CAD/month + tax
  • Total Payable: 18,549 CAD
  • Total Interest: 1,736 CAD
  • 8.9%Interest Rate x 48 months
  • 418 CAD/month + tax
  • Total Payable: 20,045 CAD
  • Total Interest: 3,232 CAD
  • 14.9%Interest Rate x 48 months
  • 467 CAD/month + tax
  • Total Payable: 22,419 CAD
  • Total Interest: 5,606 CAD

At the end of the Lease Contract

Residual Value: 12,325 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 283 CAD/month + tax
  • Total Payable: 13,597 CAD
  • Total Interest: 1,272 CAD
  • 8.9%Interest Rate x 48 months
  • 306 CAD/month + tax
  • Total Payable: 14,694 CAD
  • Total Interest: 2,369 CAD
  • 14.9%Interest Rate x 48 months
  • 342 CAD/month + tax
  • Total Payable: 16,435 CAD
  • Total Interest: 4,110 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)
9.69
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 15.58CAD/100km (Original Contract back in Dec, 2018)
Time Analysis
Cost per day: (CAD)
6.15
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
445.19
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 276.92km/week (Contract Original back in Dec, 2018)