Payment Analysis

370.43CAD/monthin Thornhill, ON
    Before Taxes:
  • 370.43 CAD/month
  • 170.97 CAD/bi-weekly
  • 85.48 CAD/week
  • 4,445.16 CAD/year
Incl. Ontario Taxes (13%):
  • 418.59 CAD/month
  • 193.19 CAD/bi-weekly
  • 96.60 CAD/week
  • 5,023.03 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: 5,625 ~ 6,025 CAD

compared to leasing a BRAND NEW:

  • Subaru Impreza Convenience
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 460
This Contract (CAD/month) 370
Monthly Difference 90 CAD/month
Remaining Term x 35 months
Total Monthly Difference = 3,150 CAD
+ Cash Incentive** (CAD) + 1,675
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 5,625 ~ 6,025
** "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: 22,077 CAD
  • Total Vehicle Debt: 28,568 CAD
  • Paid so Far: 4,816 CAD (16% Paid)
  • Remaining Lease Payments: 12,965 CAD
  • Residual Value: 10,787 CAD
  • Cash Incentive: 1,675 CAD
Vehicle Debt & Value
Paid so far: 4,816 CAD Total Vehicle Value: 28,568 CAD
16% Paid
84%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,965 CAD
Term Paid so Far: 4,816 CAD Residual Value: 10,787 CAD
0%
16%
45%
39%
Cost to Own
Already Paid: 4,816 CAD (16%)
Cash Incentive: 1,675 CAD Buyout Price Today: 22,077 CAD
16% Paid
5%
79%
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: 22,077 CAD

  • 4.9%Interest Rate x 48 months
  • 507 CAD/month + tax
  • Total Payable: 24,356 CAD
  • Total Interest: 2,279 CAD
  • 8.9%Interest Rate x 48 months
  • 548 CAD/month + tax
  • Total Payable: 26,321 CAD
  • Total Interest: 4,243 CAD
  • 14.9%Interest Rate x 48 months
  • 613 CAD/month + tax
  • Total Payable: 29,439 CAD
  • Total Interest: 7,362 CAD

At the end of the Lease Contract

Residual Value: 10,787 CAD (in 35 months)

  • 4.9%Interest Rate x 48 months
  • 248 CAD/month + tax
  • Total Payable: 11,901 CAD
  • Total Interest: 1,114 CAD
  • 8.9%Interest Rate x 48 months
  • 268 CAD/month + tax
  • Total Payable: 12,861 CAD
  • Total Interest: 2,073 CAD
  • 14.9%Interest Rate x 48 months
  • 300 CAD/month + tax
  • Total Payable: 14,384 CAD
  • Total Interest: 3,597 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)
26.88
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,675CAD incentive)
Time Analysis
Cost per day: (CAD)
10.61
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,675CAD incentive)
Remaining Km
Can be driven up to:
276.92
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD

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