Payment Analysis

594.52CAD/monthin Mississauga, ON
    Before Taxes:
  • 594.52 CAD/month
  • 274.39 CAD/bi-weekly
  • 137.20 CAD/week
  • 7,134.24 CAD/year
Incl. Ontario Taxes (13%):
  • 671.81 CAD/month
  • 310.07 CAD/bi-weekly
  • 155.03 CAD/week
  • 8,061.69 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: 11,475 ~ 12,775 CAD

compared to leasing a BRAND NEW:

  • 2022 MUSTANG EcoBoost® Premium Fastback
  • for 12 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,129
This Contract (CAD/month) 595
Monthly Difference 535 CAD/month
Remaining Term x 25 months
Total Monthly Difference = 13,375 CAD
- Required Payment** (CAD) - 3,500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 11,475 ~ 12,775
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,534 CAD
  • Total Vehicle Debt: 61,708 CAD
  • Paid so Far: 23,674 CAD (38% Paid)
  • Remaining Lease Payments: 14,863 CAD
  • Residual Value: 23,171 CAD
  • Required Payment: 3,500 CAD
Vehicle Debt & Value
Paid so far: 23,674 CAD Total Vehicle Value: 61,708 CAD
38% Paid
62%
Vehicle Debt Breakdown
Downpayment: 10,000 CAD Remaining Term: 14,863 CAD
Term Paid so Far: 13,674 CAD Residual Value: 23,171 CAD
16%
22%
24%
38%
Cost to Own
Already Paid: 23,674 CAD (38%)
Required Payment: 3,500 CAD (5%)Buyout Price Today: 41,534 CAD
33% Paid
5%
62%
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: 41,534 CAD

  • 4.9%Interest Rate x 48 months
  • 955 CAD/month + tax
  • Total Payable: 45,822 CAD
  • Total Interest: 4,288 CAD
  • 8.9%Interest Rate x 48 months
  • 1,032 CAD/month + tax
  • Total Payable: 49,517 CAD
  • Total Interest: 7,983 CAD
  • 14.9%Interest Rate x 48 months
  • 1,154 CAD/month + tax
  • Total Payable: 55,384 CAD
  • Total Interest: 13,849 CAD

At the end of the Lease Contract

Residual Value: 23,171 CAD (in 25 months)

  • 4.9%Interest Rate x 48 months
  • 533 CAD/month + tax
  • Total Payable: 25,563 CAD
  • Total Interest: 2,392 CAD
  • 8.9%Interest Rate x 48 months
  • 576 CAD/month + tax
  • Total Payable: 27,625 CAD
  • Total Interest: 4,454 CAD
  • 14.9%Interest Rate x 48 months
  • 644 CAD/month + tax
  • Total Payable: 30,897 CAD
  • Total Interest: 7,726 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)
39.62
  • + tax
  • + fuel
  • + insurance
(inlcuding the 3,500CAD incentive)
  • 32.07CAD/100km (TODAY without the Cash Incentive)
  • 35.67CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
24.15
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 3,500CAD incentive)
  • 19.55CAD/day (Original Contract back in Aug, 2020)
Remaining Km
Can be driven up to:
427.86
  • km/week
  • without any
  • additional costs
Excess km cost: 0.11CAD
  • 384.62km/week (Contract Original back in Aug, 2020)

Seller Contact Info

This Contract was Already Transferred.

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