Payment Analysis

401.90CAD/monthin New Westminster, BC
    Before Taxes:
  • 401.90 CAD/month
  • 185.49 CAD/bi-weekly
  • 92.75 CAD/week
  • 4,822.80 CAD/year
Incl. B.C. Taxes (12%):
  • 450.13 CAD/month
  • 207.75 CAD/bi-weekly
  • 103.88 CAD/week
  • 5,401.54 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: 1,962 CAD

compared to leasing a BRAND NEW:

  • Mazda Mazda3 GT
  • for 42 months
  • in British Columbia
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 415
This Contract (CAD/month) 402
Monthly Difference 14 CAD/month
Remaining Term x 33 months
Total Monthly Difference = 462 CAD
+ Cash Incentive** (CAD) + 1,500
Total Savings (CAD) = 1,962
** "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: 21,133 CAD
  • Total Vehicle Debt: 28,662 CAD
  • Paid so Far: 6,029 CAD (21% Paid)
  • Remaining Lease Payments: 13,263 CAD
  • Residual Value: 9,370 CAD
  • Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 6,029 CAD Total Vehicle Value: 28,662 CAD
21% Paid
79%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 13,263 CAD
Term Paid so Far: 6,029 CAD Residual Value: 9,370 CAD
0%
21%
46%
33%
Cost to Own
Already Paid: 6,029 CAD
Cash Incentive: 1,500 CAD Buyout Price Today: 21,133 CAD
21% Paid
5%
74%

Finance the remaining Debt Today

Remaining Term + Residual Value: 21,133 CAD

  • 2.9%Interest Rate x 48 months
  • 467 CAD/month + tax
  • Total Payable: 22,408 CAD
  • Total Interest: 1,275 CAD
  • 4.9%Interest Rate x 48 months
  • 486 CAD/month + tax
  • Total Payable: 23,315 CAD
  • Total Interest: 2,182 CAD
  • 5.9%Interest Rate x 48 months
  • 495 CAD/month + tax
  • Total Payable: 23,776 CAD
  • Total Interest: 2,643 CAD

At the end of the Lease Contract

Residual Value: 9,370 CAD (in 33 months)

  • 2.9%Interest Rate x 48 months
  • 207 CAD/month + tax
  • Total Payable: 9,936 CAD
  • Total Interest: 565 CAD
  • 4.9%Interest Rate x 48 months
  • 215 CAD/month + tax
  • Total Payable: 10,338 CAD
  • Total Interest: 967 CAD
  • 5.9%Interest Rate x 48 months
  • 220 CAD/month + tax
  • Total Payable: 10,542 CAD
  • Total Interest: 1,172 CAD