Lease Takeover Analysis

The Lease Takeover Analysis is an impartial review made by a Lease Takeover Specialist from LeaseCosts Canada Inc. and should be used as reference.

For Leasing Purposes

With this deal, you are saving: 442 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla LE CVT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 319
This Contract (CAD/month) 306
Monthly Difference 13 CAD/month
Remaining Term x 34 months
Total Monthly Difference = 442 CAD
Total Savings (CAD) = 442

For Buyout Purposes

To own this vehicle today, it would cost: 21,404 CAD
  • Total Vehicle Debt: 22,628 CAD
  • Paid so Far: 1,224 CAD (5% Paid)
  • Remaining Lease Payments: 10,404 CAD
  • Residual Value: 11,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 1,224 CAD Total Vehicle Value: 22,628 CAD
5% Paid
95%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 10,404 CAD
Term Paid so Far: 1,224 CAD Residual Value: 11,000 CAD
0%
5%
46%
49%
Cost to Own
Already Paid: 1,224 CAD
Cash Incentive: 0 CAD Buyout Price Today: 21,404 CAD
5% Paid
0%
95%

Finance the remaining Debt Today

Remaining Term + Residual Value: 21,404 CAD

  • 2.9%Interest Rate x 48 months
  • 473 CAD/month + tax
  • Total Payable: 22,695 CAD
  • Total Interest: 1,291 CAD
  • 4.9%Interest Rate x 48 months
  • 492 CAD/month + tax
  • Total Payable: 23,614 CAD
  • Total Interest: 2,210 CAD
  • 5.9%Interest Rate x 48 months
  • 502 CAD/month + tax
  • Total Payable: 24,081 CAD
  • Total Interest: 2,677 CAD

At the end of the Lease Contract

Residual Value: 11,000 CAD (in 34 months)

  • 2.9%Interest Rate x 48 months
  • 243 CAD/month + tax
  • Total Payable: 11,664 CAD
  • Total Interest: 664 CAD
  • 4.9%Interest Rate x 48 months
  • 253 CAD/month + tax
  • Total Payable: 12,136 CAD
  • Total Interest: 1,136 CAD
  • 5.9%Interest Rate x 48 months
  • 258 CAD/month + tax
  • Total Payable: 12,376 CAD
  • Total Interest: 1,376 CAD