Payment Analysis
280.29CAD/monthin Montreal, QC
- 280.29 CAD/month
- 129.36 CAD/bi-weekly
- 64.68 CAD/week
- 3,363.48 CAD/year
Before Taxes:
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:
4,979 ~ 6,279 CAD
compared to leasing a BRAND NEW:
- 2020 Toyota COROLLA LE CVT
- for 36 months
- in Quebec
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 389 |
|---|---|
| This Contract (CAD/month) | 280 |
| Monthly Difference | 109 CAD/month |
| Remaining Term | x 31 months |
| Total Monthly Difference | = 3,379 CAD |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 4,979 ~ 6,279 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
16,914 CAD
- Total Vehicle Debt: 25,042 CAD
- Paid so Far: 8,128 CAD (32% Paid)
- Remaining Lease Payments: 8,689 CAD
- Residual Value: 8,225 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,128 CAD Total Vehicle Value: 25,042 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,689 CAD
Term Paid so Far: 8,128 CAD Residual Value: 8,225 CAD
Cost to Own
Already Paid: 8,128 CAD (32%)
Cash Incentive: 0 CAD Buyout Price Today: 16,914 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: 16,914 CAD
- 4.9%Interest Rate x 48 months
- 389 CAD/month + tax
- Total Payable: 18,660 CAD
- Total Interest: 1,746 CAD
- 8.9%Interest Rate x 48 months
- 420 CAD/month + tax
- Total Payable: 20,165 CAD
- Total Interest: 3,251 CAD
- 14.9%Interest Rate x 48 months
- 470 CAD/month + tax
- Total Payable: 22,554 CAD
- Total Interest: 5,640 CAD
At the end of the Lease Contract
Residual Value: 8,225 CAD (in 31 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)
Distance Analysis
Cost to drive 100km: (CAD)
10.27
- + tax
- + fuel
- + insurance
- 16.82CAD/100km (Original Contract back in Jun, 2018)
Time Analysis
Cost per day: (CAD)
9.22
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
629.78
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jun, 2018)
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