Payment Analysis
513.00CAD/monthin Hamilton, ON
- 513.00 CAD/month
- 236.77 CAD/bi-weekly
- 118.38 CAD/week
- 6,156.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 579.69 CAD/month
- 267.55 CAD/bi-weekly
- 133.77 CAD/week
- 6,956.28 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:
11,035 CAD
compared to leasing a BRAND NEW:
- Mercedes Benz CLA240
- for 24 months
- in Ontario
- $0 down payment
- 15,000 km/year
| Leasing New (CAD/month) | 728 |
|---|---|
| This Contract (CAD/month) | 513 |
| Monthly Difference | 215 CAD/month |
| Remaining Term | x 49 months |
| Total Monthly Difference | = 10,535 CAD |
| + Cash Incentive** (CAD) | + 500 |
| Total Savings (CAD) | = 11,035 |
| ** "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:
24,659 CAD
- Total Vehicle Debt: 23,194 CAD
- Paid so Far: -1,965 CAD (-9% Paid)
- Remaining Lease Payments: 25,137 CAD
- Residual Value: 22 CAD
- Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: -1,965 CAD Total Vehicle Value: 23,194 CAD
Vehicle Debt Breakdown
Downpayment: 600 CAD Remaining Term: 25,137 CAD
Term Paid so Far: -2,565 CAD Residual Value: 22 CAD
Cost to Own
Already Paid: -1,965 CAD (-9%)
Cash Incentive: 500 CAD Buyout Price Today: 24,659 CAD
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: 24,659 CAD
- 4.9%Interest Rate x 48 months
- 567 CAD/month + tax
- Total Payable: 27,204 CAD
- Total Interest: 2,546 CAD
- 8.9%Interest Rate x 48 months
- 612 CAD/month + tax
- Total Payable: 29,398 CAD
- Total Interest: 4,740 CAD
- 14.9%Interest Rate x 48 months
- 685 CAD/month + tax
- Total Payable: 32,881 CAD
- Total Interest: 8,222 CAD
At the end of the Lease Contract
Residual Value: 22 CAD (in 49 months)
- 4.9%Interest Rate x 48 months
- 0 CAD/month + tax
- Total Payable: 24 CAD
- Total Interest: 2 CAD
- 8.9%Interest Rate x 48 months
- 1 CAD/month + tax
- Total Payable: 26 CAD
- Total Interest: 4 CAD
- 14.9%Interest Rate x 48 months
- 1 CAD/month + tax
- Total Payable: 29 CAD
- Total Interest: 7 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)
162.09
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
16.53
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
71.59
- km/week
- without any
- additional costs
