Payment Analysis

306.00CAD/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 "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.

For Leasing Purposes

With this deal, you are saving: 377 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 29 months
Total Monthly Difference = 377 CAD
Total Savings (CAD) = 377

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 19,874 CAD
  • Total Vehicle Debt: 22,628 CAD
  • Paid so Far: 2,754 CAD (12% Paid)
  • Remaining Lease Payments: 8,874 CAD
  • Residual Value: 11,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 2,754 CAD Total Vehicle Value: 22,628 CAD
12% Paid
88%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,874 CAD
Term Paid so Far: 2,754 CAD Residual Value: 11,000 CAD
0%
12%
39%
49%
Cost to Own
Already Paid: 2,754 CAD
Cash Incentive: 0 CAD Buyout Price Today: 19,874 CAD
12% Paid
0%
88%

Finance the remaining Debt Today

Remaining Term + Residual Value: 19,874 CAD

  • 2.9%Interest Rate x 48 months
  • 439 CAD/month + tax
  • Total Payable: 21,073 CAD
  • Total Interest: 1,199 CAD
  • 4.9%Interest Rate x 48 months
  • 457 CAD/month + tax
  • Total Payable: 21,926 CAD
  • Total Interest: 2,052 CAD
  • 5.9%Interest Rate x 48 months
  • 466 CAD/month + tax
  • Total Payable: 22,360 CAD
  • Total Interest: 2,486 CAD

At the end of the Lease Contract

Residual Value: 11,000 CAD (in 29 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