Payment Analysis

351.00CAD/monthin Richmond, BC
    Before Taxes:
  • 351.00 CAD/month
  • 162.00 CAD/bi-weekly
  • 81.00 CAD/week
  • 4,212.00 CAD/year
Incl. B.C. Taxes (12%):
  • 393.12 CAD/month
  • 181.44 CAD/bi-weekly
  • 90.72 CAD/week
  • 4,717.44 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: 1,184 ~ 1,584 CAD

compared to leasing a BRAND NEW:

  • Mazda Mazda3 GS
  • for 36 months
  • in British Columbia
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 329
This Contract (CAD/month) 351
Monthly Difference -22 CAD/month
Remaining Term x 28 months
Total Monthly Difference = -616 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,184 ~ 1,584
** "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: 16,893 CAD
  • Total Vehicle Debt: 24,913 CAD
  • Paid so Far: 7,020 CAD (28% Paid)
  • Remaining Lease Payments: 9,828 CAD
  • Residual Value: 8,065 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 7,020 CAD Total Vehicle Value: 24,913 CAD
28% Paid
72%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 9,828 CAD
Term Paid so Far: 7,020 CAD Residual Value: 8,065 CAD
0%
28%
39%
33%
Cost to Own
Already Paid: 7,020 CAD (28%)
Cash Incentive: 1,000 CAD Buyout Price Today: 16,893 CAD
28% Paid
4%
68%
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: 16,893 CAD

  • 4.9%Interest Rate x 48 months
  • 388 CAD/month + tax
  • Total Payable: 18,637 CAD
  • Total Interest: 1,744 CAD
  • 8.9%Interest Rate x 48 months
  • 420 CAD/month + tax
  • Total Payable: 20,140 CAD
  • Total Interest: 3,247 CAD
  • 14.9%Interest Rate x 48 months
  • 469 CAD/month + tax
  • Total Payable: 22,526 CAD
  • Total Interest: 5,633 CAD

At the end of the Lease Contract

Residual Value: 8,065 CAD (in 28 months)

  • 4.9%Interest Rate x 48 months
  • 185 CAD/month + tax
  • Total Payable: 8,898 CAD
  • Total Interest: 833 CAD
  • 8.9%Interest Rate x 48 months
  • 200 CAD/month + tax
  • Total Payable: 9,615 CAD
  • Total Interest: 1,550 CAD
  • 14.9%Interest Rate x 48 months
  • 224 CAD/month + tax
  • Total Payable: 10,754 CAD
  • Total Interest: 2,689 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)
14.50
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 16.14CAD/100km (TODAY without the Cash Incentive)
  • 21.06CAD/100km (Original Contract back in Dec, 2017)
Time Analysis
Cost per day: (CAD)
10.37
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 11.54CAD/day (Original Contract back in Dec, 2017)
Remaining Km
Can be driven up to:
501.92
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Dec, 2017)

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