Payment Analysis

271.68CAD/monthin Markham, ON
    Before Taxes:
  • 271.68 CAD/month
  • 125.39 CAD/bi-weekly
  • 62.70 CAD/week
  • 3,260.16 CAD/year
Incl. Ontario Taxes (13%):
  • 307.00 CAD/month
  • 141.69 CAD/bi-weekly
  • 70.85 CAD/week
  • 3,683.98 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: 477 CAD

compared to leasing a BRAND NEW:

  • Nissan Sentra SV
  • for 39 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 270
This Contract (CAD/month) 272
Monthly Difference -1 CAD/month
Remaining Term x 23 months
Total Monthly Difference = -23 CAD
+ Cash Incentive** (CAD) + 500
Total Savings (CAD) = 477
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,072 CAD
  • Total Vehicle Debt: 22,364 CAD
  • Paid so Far: 6,792 CAD (30% Paid)
  • Remaining Lease Payments: 6,249 CAD
  • Residual Value: 9,323 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 6,792 CAD Total Vehicle Value: 22,364 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,249 CAD
Term Paid so Far: 6,792 CAD Residual Value: 9,323 CAD
0%
30%
28%
42%
Cost to Own
Already Paid: 6,792 CAD (30%)
Cash Incentive: 500 CAD Buyout Price Today: 15,072 CAD
30% Paid
2%
68%
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: 15,072 CAD

  • 4.9%Interest Rate x 48 months
  • 346 CAD/month + tax
  • Total Payable: 16,628 CAD
  • Total Interest: 1,556 CAD
  • 8.9%Interest Rate x 48 months
  • 374 CAD/month + tax
  • Total Payable: 17,968 CAD
  • Total Interest: 2,897 CAD
  • 14.9%Interest Rate x 48 months
  • 419 CAD/month + tax
  • Total Payable: 20,097 CAD
  • Total Interest: 5,026 CAD

At the end of the Lease Contract

Residual Value: 9,323 CAD (in 23 months)

  • 4.9%Interest Rate x 48 months
  • 214 CAD/month + tax
  • Total Payable: 10,285 CAD
  • Total Interest: 962 CAD
  • 8.9%Interest Rate x 48 months
  • 232 CAD/month + tax
  • Total Payable: 11,115 CAD
  • Total Interest: 1,792 CAD
  • 14.9%Interest Rate x 48 months
  • 259 CAD/month + tax
  • Total Payable: 12,432 CAD
  • Total Interest: 3,109 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)
8.27
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 8.99CAD/100km (TODAY without the Cash Incentive)
  • 16.30CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
8.22
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 8.93CAD/day (Original Contract back in May, 2018)
Remaining Km
Can be driven up to:
697.32
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in May, 2018)