Payment Analysis

306CAD/monthin Toronto, ON
    Before Taxes:
  • 306.00 CAD/month
  • 141.23 CAD/bi-weekly
  • 70.62 CAD/week
  • 3,672.00 CAD/year
Incl. Ontario Taxes (13%):
  • 345.78 CAD/month
  • 159.59 CAD/bi-weekly
  • 79.80 CAD/week
  • 4,149.36 CAD/year

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: 416 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 32 months
Total Monthly Difference = 416 CAD
Total Savings (CAD) = 416

For Buyout Purposes

To own this vehicle today, it would cost: 20,792 CAD
  • Total Vehicle Debt: 22,628 CAD
  • Paid so Far: 1,836 CAD (8% Paid)
  • Remaining Lease Payments: 9,792 CAD
  • Residual Value: 11,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 1,836 CAD Total Vehicle Value: 22,628 CAD
8% Paid
92%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 9,792 CAD
Term Paid so Far: 1,836 CAD Residual Value: 11,000 CAD
0%
8%
43%
49%
Cost to Own
Already Paid: 1,836 CAD
Cash Incentive: 0 CAD Buyout Price Today: 20,792 CAD
8% Paid
0%
92%

Finance the remaining Debt Today

Remaining Term + Residual Value: 20,792 CAD

  • 2.9%Interest Rate x 48 months
  • 459 CAD/month + tax
  • Total Payable: 22,046 CAD
  • Total Interest: 1,254 CAD
  • 4.9%Interest Rate x 48 months
  • 478 CAD/month + tax
  • Total Payable: 22,938 CAD
  • Total Interest: 2,146 CAD
  • 5.9%Interest Rate x 48 months
  • 487 CAD/month + tax
  • Total Payable: 23,393 CAD
  • Total Interest: 2,601 CAD

At the end of the Lease Contract

Residual Value: 11,000 CAD (in 32 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