Payment Analysis

970.69CAD/monthin Toronto, ON
    Before Taxes:
  • 970.69 CAD/month
  • 448.01 CAD/bi-weekly
  • 224.01 CAD/week
  • 11,648.28 CAD/year
Incl. Ontario Taxes (13%):
  • 1,096.88 CAD/month
  • 506.25 CAD/bi-weekly
  • 253.13 CAD/week
  • 13,162.56 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: 10,656 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz GLC350e
  • for 24 months
  • in Ontario
  • $0 down payment
  • 18,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,258
This Contract (CAD/month) 971
Monthly Difference 288 CAD/month
Remaining Term x 37 months
Total Monthly Difference = 10,656 CAD
Total Savings (CAD) = 10,656

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 72,520 CAD
  • Total Vehicle Debt: 75,957 CAD
  • Paid so Far: 3,437 CAD (4% Paid)
  • Remaining Lease Payments: 35,916 CAD
  • Residual Value: 36,605 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 3,437 CAD Total Vehicle Value: 75,957 CAD
4% Paid
96%
Vehicle Debt Breakdown
Downpayment: 6,349 CAD Remaining Term: 35,916 CAD
Term Paid so Far: -2,912 CAD Residual Value: 36,605 CAD
7%
-3%
47%
49%
Cost to Own
Already Paid: 3,437 CAD (4%)
Cash Incentive: 0 CAD Buyout Price Today: 72,520 CAD
4% Paid
0%
96%
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: 72,520 CAD

  • 4.9%Interest Rate x 48 months
  • 1,667 CAD/month + tax
  • Total Payable: 80,006 CAD
  • Total Interest: 7,486 CAD
  • 8.9%Interest Rate x 48 months
  • 1,801 CAD/month + tax
  • Total Payable: 86,459 CAD
  • Total Interest: 13,939 CAD
  • 14.9%Interest Rate x 48 months
  • 2,015 CAD/month + tax
  • Total Payable: 96,701 CAD
  • Total Interest: 24,181 CAD

At the end of the Lease Contract

Residual Value: 36,605 CAD (in 37 months)

  • 4.9%Interest Rate x 48 months
  • 841 CAD/month + tax
  • Total Payable: 40,383 CAD
  • Total Interest: 3,779 CAD
  • 8.9%Interest Rate x 48 months
  • 909 CAD/month + tax
  • Total Payable: 43,640 CAD
  • Total Interest: 7,036 CAD
  • 14.9%Interest Rate x 48 months
  • 1,017 CAD/month + tax
  • Total Payable: 48,810 CAD
  • Total Interest: 12,206 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)
111.12
  • + tax
  • + fuel
  • + insurance
(or 1.11CAD per km)
Time Analysis
Cost per day: (CAD)
31.91
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
201.60
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided

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