Toyota Lease Takeover in Montreal, QC: 2018 Toyota Corolla LE CVT 2WD ID:#4603

Payment Analysis

280.29CAD/monthin Montreal, QC

Before Taxes:

280.29 CAD/month
129.36 CAD/bi-weekly
64.68 CAD/week
3,363.48 CAD/year

Incl. Québec Taxes (14.98%):

322.28 CAD/month
148.74 CAD/bi-weekly
74.37 CAD/week
3,867.33 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: 4,216 ~ 5,516 CAD

compared to leasing a BRAND NEW:

2020 Toyota COROLLA LE CVT
for 36 months
in Quebec
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	389
This Contract (CAD/month)	280
Monthly Difference	109 CAD/month
Remaining Term	x 24 months
Total Monthly Difference	= 2,616 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 4,216 ~ 5,516

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 14,952 CAD

Total Vehicle Debt: 25,042 CAD
Paid so Far: 10,090 CAD (40% Paid)
Remaining Lease Payments: 6,727 CAD
Residual Value: 8,225 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 10,090 CAD Total Vehicle Value: 25,042 CAD

40% Paid

60%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 6,727 CAD

Term Paid so Far: 10,090 CAD Residual Value: 8,225 CAD

40%

26%

34%

Cost to Own

Already Paid: 10,090 CAD (40%)

Cash Incentive: 0 CAD Buyout Price Today: 14,952 CAD

40% Paid

60%

Additional Financing Details

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: 14,952 CAD

4.9%Interest Rate x 48 months
344 CAD/month + tax
Total Payable: 16,495 CAD
Total Interest: 1,544 CAD

8.9%Interest Rate x 48 months
371 CAD/month + tax
Total Payable: 17,826 CAD
Total Interest: 2,874 CAD

14.9%Interest Rate x 48 months
415 CAD/month + tax
Total Payable: 19,938 CAD
Total Interest: 4,986 CAD

At the end of the Lease Contract

Residual Value: 8,225 CAD (in 24 months)

4.9%Interest Rate x 48 months
189 CAD/month + tax
Total Payable: 9,074 CAD
Total Interest: 849 CAD

8.9%Interest Rate x 48 months
204 CAD/month + tax
Total Payable: 9,806 CAD
Total Interest: 1,581 CAD

14.9%Interest Rate x 48 months
228 CAD/month + tax
Total Payable: 10,968 CAD
Total Interest: 2,743 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)