Payment Analysis

418.85CAD/monthin Vaughan, ON
    Before Taxes:
  • 418.85 CAD/month
  • 193.32 CAD/bi-weekly
  • 96.66 CAD/week
  • 5,026.20 CAD/year
Incl. Ontario Taxes (13%):
  • 473.30 CAD/month
  • 218.45 CAD/bi-weekly
  • 109.22 CAD/week
  • 5,679.61 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: 14,150 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz GLA250
  • for 24 months
  • in Ontario
  • $0 down payment
  • 18,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 702
This Contract (CAD/month) 419
Monthly Difference 283 CAD/month
Remaining Term x 50 months
Total Monthly Difference = 14,150 CAD
Total Savings (CAD) = 14,150

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 43,584 CAD
  • Total Vehicle Debt: 44,723 CAD
  • Paid so Far: 1,139 CAD (2% Paid)
  • Remaining Lease Payments: 20,943 CAD
  • Residual Value: 22,642 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 1,139 CAD Total Vehicle Value: 44,723 CAD
2% Paid
98%
Vehicle Debt Breakdown
Downpayment: 3,233 CAD Remaining Term: 20,943 CAD
Term Paid so Far: -2,094 CAD Residual Value: 22,642 CAD
5%
-3%
47%
51%
Cost to Own
Already Paid: 1,139 CAD (2%)
Cash Incentive: 0 CAD Buyout Price Today: 43,584 CAD
2% Paid
0%
98%
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: 43,584 CAD

  • 4.9%Interest Rate x 48 months
  • 1,002 CAD/month + tax
  • Total Payable: 48,083 CAD
  • Total Interest: 4,499 CAD
  • 8.9%Interest Rate x 48 months
  • 1,083 CAD/month + tax
  • Total Payable: 51,961 CAD
  • Total Interest: 8,377 CAD
  • 14.9%Interest Rate x 48 months
  • 1,211 CAD/month + tax
  • Total Payable: 58,117 CAD
  • Total Interest: 14,533 CAD

At the end of the Lease Contract

Residual Value: 22,642 CAD (in 50 months)

  • 4.9%Interest Rate x 48 months
  • 520 CAD/month + tax
  • Total Payable: 24,979 CAD
  • Total Interest: 2,337 CAD
  • 8.9%Interest Rate x 48 months
  • 562 CAD/month + tax
  • Total Payable: 26,993 CAD
  • Total Interest: 4,352 CAD
  • 14.9%Interest Rate x 48 months
  • 629 CAD/month + tax
  • Total Payable: 30,191 CAD
  • Total Interest: 7,550 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)
53.79
  • + tax
  • + fuel
  • + insurance
(or 0.54CAD per km)
Time Analysis
Cost per day: (CAD)
13.77
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
179.70
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

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