Payment Analysis

260.00CAD/monthin Surrey, BC
    Before Taxes:
  • 260.00 CAD/month
  • 120.00 CAD/bi-weekly
  • 60.00 CAD/week
  • 3,120.00 CAD/year
Incl. B.C. Taxes (12%):
  • 291.20 CAD/month
  • 134.40 CAD/bi-weekly
  • 67.20 CAD/week
  • 3,494.40 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: 1,079 ~ 1,979 CAD

compared to leasing a BRAND NEW:

  • Nissan Micra SV
  • for 48 months
  • in B.C.
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 269
This Contract (CAD/month) 260
Monthly Difference 9 CAD/month
Remaining Term x 31 months
Total Monthly Difference = 279 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,079 ~ 1,979

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 12,760 CAD
  • Total Vehicle Debt: 20,300 CAD
  • Paid so Far: 7,540 CAD (37% Paid)
  • Remaining Lease Payments: 8,060 CAD
  • Residual Value: 4,700 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,540 CAD Total Vehicle Value: 20,300 CAD
37% Paid
63%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,060 CAD
Term Paid so Far: 7,540 CAD Residual Value: 4,700 CAD
0%
37%
39%
24%
Cost to Own
Already Paid: 7,540 CAD (37%)
Cash Incentive: 0 CAD Buyout Price Today: 12,760 CAD
37% Paid
0%
63%
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: 12,760 CAD

  • 4.9%Interest Rate x 48 months
  • 293 CAD/month + tax
  • Total Payable: 14,077 CAD
  • Total Interest: 1,317 CAD
  • 8.9%Interest Rate x 48 months
  • 317 CAD/month + tax
  • Total Payable: 15,213 CAD
  • Total Interest: 2,453 CAD
  • 14.9%Interest Rate x 48 months
  • 354 CAD/month + tax
  • Total Payable: 17,015 CAD
  • Total Interest: 4,255 CAD

At the end of the Lease Contract

Residual Value: 4,700 CAD (in 31 months)

  • 4.9%Interest Rate x 48 months
  • 108 CAD/month + tax
  • Total Payable: 5,185 CAD
  • Total Interest: 485 CAD
  • 8.9%Interest Rate x 48 months
  • 117 CAD/month + tax
  • Total Payable: 5,603 CAD
  • Total Interest: 903 CAD
  • 14.9%Interest Rate x 48 months
  • 131 CAD/month + tax
  • Total Payable: 6,267 CAD
  • Total Interest: 1,567 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)
10.16
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 15.60CAD/100km (Original Contract back in Apr, 2018)
Time Analysis
Cost per day: (CAD)
8.55
  • + tax
  • + insurance
  • + km driven & fuel
(0.11CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
590.55
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Apr, 2018)

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