Payment Analysis

320.00CAD/monthin Burnaby, BC
    Before Taxes:
  • 320.00 CAD/month
  • 147.69 CAD/bi-weekly
  • 73.85 CAD/week
  • 3,840.00 CAD/year
Incl. B.C. Taxes (12%):
  • 358.40 CAD/month
  • 165.42 CAD/bi-weekly
  • 82.71 CAD/week
  • 4,300.80 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: 1,728 CAD

compared to leasing a BRAND NEW:

  • Mitsubishi RVR
  • for 36 months
  • in British Columbia
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 393
This Contract (CAD/month) 320
Monthly Difference 72 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 1,728 CAD
Total Savings (CAD) = 1,728

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,380 CAD
  • Total Vehicle Debt: 25,060 CAD
  • Paid so Far: 7,680 CAD (30% Paid)
  • Remaining Lease Payments: 7,680 CAD
  • Residual Value: 9,700 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,680 CAD Total Vehicle Value: 25,060 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,680 CAD
Term Paid so Far: 7,680 CAD Residual Value: 9,700 CAD
0%
30%
30%
40%
Cost to Own
Already Paid: 7,680 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 17,380 CAD
30% Paid
0%
70%
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: 17,380 CAD

  • 4.9%Interest Rate x 48 months
  • 399 CAD/month + tax
  • Total Payable: 19,174 CAD
  • Total Interest: 1,794 CAD
  • 8.9%Interest Rate x 48 months
  • 432 CAD/month + tax
  • Total Payable: 20,721 CAD
  • Total Interest: 3,341 CAD
  • 14.9%Interest Rate x 48 months
  • 483 CAD/month + tax
  • Total Payable: 23,175 CAD
  • Total Interest: 5,795 CAD

At the end of the Lease Contract

Residual Value: 9,700 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 223 CAD/month + tax
  • Total Payable: 10,701 CAD
  • Total Interest: 1,001 CAD
  • 8.9%Interest Rate x 48 months
  • 241 CAD/month + tax
  • Total Payable: 11,564 CAD
  • Total Interest: 1,864 CAD
  • 14.9%Interest Rate x 48 months
  • 269 CAD/month + tax
  • Total Payable: 12,934 CAD
  • Total Interest: 3,234 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)
13.47
  • + tax
  • + fuel
  • + insurance
(or 0.13CAD per km)
  • 24.00CAD/100km (Original Contract back in Apr, 2018)
Time Analysis
Cost per day: (CAD)
10.52
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
548.08
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 307.69km/week (Contract Original back in Apr, 2018)