Payment Analysis

536.50CAD/monthin Toronto, ON
    Before Taxes:
  • 536.50 CAD/month
  • 247.62 CAD/bi-weekly
  • 123.81 CAD/week
  • 6,438.00 CAD/year
Incl. Ontario Taxes (13%):
  • 606.25 CAD/month
  • 279.81 CAD/bi-weekly
  • 139.90 CAD/week
  • 7,274.94 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: 4,360 ~ 5,260 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz A 220 4MATIC Sedan
  • for 24 months
  • in Ontario
  • $0 down payment
  • 18,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 714
This Contract (CAD/month) 537
Monthly Difference 178 CAD/month
Remaining Term x 20 months
Total Monthly Difference = 3,560 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,360 ~ 5,260

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 34,230 CAD
  • Total Vehicle Debt: 49,106 CAD
  • Paid so Far: 14,876 CAD (30% Paid)
  • Remaining Lease Payments: 10,730 CAD
  • Residual Value: 23,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 14,876 CAD Total Vehicle Value: 49,106 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 10,730 CAD
Term Paid so Far: 12,876 CAD Residual Value: 23,500 CAD
4%
26%
21%
49%
Cost to Own
Already Paid: 14,876 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 34,230 CAD
30% Paid
0%
70%
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: 34,230 CAD

  • 4.9%Interest Rate x 48 months
  • 787 CAD/month + tax
  • Total Payable: 37,764 CAD
  • Total Interest: 3,534 CAD
  • 8.9%Interest Rate x 48 months
  • 850 CAD/month + tax
  • Total Payable: 40,809 CAD
  • Total Interest: 6,579 CAD
  • 14.9%Interest Rate x 48 months
  • 951 CAD/month + tax
  • Total Payable: 45,644 CAD
  • Total Interest: 11,414 CAD

At the end of the Lease Contract

Residual Value: 23,500 CAD (in 20 months)

  • 4.9%Interest Rate x 48 months
  • 540 CAD/month + tax
  • Total Payable: 25,926 CAD
  • Total Interest: 2,426 CAD
  • 8.9%Interest Rate x 48 months
  • 584 CAD/month + tax
  • Total Payable: 28,017 CAD
  • Total Interest: 4,517 CAD
  • 14.9%Interest Rate x 48 months
  • 653 CAD/month + tax
  • Total Payable: 31,336 CAD
  • Total Interest: 7,836 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)
22.55
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
  • 32.19CAD/100km (Original Contract back in Aug, 2019)
Time Analysis
Cost per day: (CAD)
17.64
  • + tax
  • + insurance
  • + km driven & fuel
(0.16CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
549.11
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 384.62km/week (Contract Original back in Aug, 2019)

Seller Contact Info

This Contract was Already Transferred.

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