Payment Analysis

247.92CAD/monthin Windsor, ON
    Before Taxes:
  • 247.92 CAD/month
  • 114.42 CAD/bi-weekly
  • 57.21 CAD/week
  • 2,975.04 CAD/year
Incl. Ontario Taxes (13%):
  • 280.15 CAD/month
  • 129.30 CAD/bi-weekly
  • 64.65 CAD/week
  • 3,361.80 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: 1,788 ~ 2,188 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla LE/li>
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 300
This Contract (CAD/month) 248
Monthly Difference 52 CAD/month
Remaining Term x 19 months
Total Monthly Difference = 988 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,788 ~ 2,188

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,103 CAD
  • Total Vehicle Debt: 22,293 CAD
  • Paid so Far: 7,190 CAD (32% Paid)
  • Remaining Lease Payments: 4,710 CAD
  • Residual Value: 10,393 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,190 CAD Total Vehicle Value: 22,293 CAD
32% Paid
68%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 4,710 CAD
Term Paid so Far: 7,190 CAD Residual Value: 10,393 CAD
0%
32%
21%
47%
Cost to Own
Already Paid: 7,190 CAD (32%)
Cash Incentive: 0 CAD Buyout Price Today: 15,103 CAD
32% Paid
0%
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: 15,103 CAD

  • 4.9%Interest Rate x 48 months
  • 347 CAD/month + tax
  • Total Payable: 16,663 CAD
  • Total Interest: 1,559 CAD
  • 8.9%Interest Rate x 48 months
  • 375 CAD/month + tax
  • Total Payable: 18,006 CAD
  • Total Interest: 2,903 CAD
  • 14.9%Interest Rate x 48 months
  • 420 CAD/month + tax
  • Total Payable: 20,140 CAD
  • Total Interest: 5,036 CAD

At the end of the Lease Contract

Residual Value: 10,393 CAD (in 19 months)

  • 4.9%Interest Rate x 48 months
  • 239 CAD/month + tax
  • Total Payable: 11,466 CAD
  • Total Interest: 1,073 CAD
  • 8.9%Interest Rate x 48 months
  • 258 CAD/month + tax
  • Total Payable: 12,390 CAD
  • Total Interest: 1,998 CAD
  • 14.9%Interest Rate x 48 months
  • 289 CAD/month + tax
  • Total Payable: 13,858 CAD
  • Total Interest: 3,465 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)
6.13
  • + tax
  • + fuel
  • + insurance
(or 0.06CAD per km)
  • 14.88CAD/100km (Original Contract back in Sep, 2018)
Time Analysis
Cost per day: (CAD)
8.15
  • + tax
  • + insurance
  • + km driven & fuel
(0.17CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
934.01
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in Sep, 2018)

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