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: 4,716 ~ 5,616 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 22 months
Total Monthly Difference = 3,916 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,716 ~ 5,616

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 35,303 CAD
  • Total Vehicle Debt: 49,106 CAD
  • Paid so Far: 13,803 CAD (28% Paid)
  • Remaining Lease Payments: 11,803 CAD
  • Residual Value: 23,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 13,803 CAD Total Vehicle Value: 49,106 CAD
28% Paid
72%
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 11,803 CAD
Term Paid so Far: 11,803 CAD Residual Value: 23,500 CAD
4%
24%
24%
48%
Cost to Own
Already Paid: 13,803 CAD (28%)
Cash Incentive: 0 CAD Buyout Price Today: 35,303 CAD
28% Paid
0%
72%
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: 35,303 CAD

  • 4.9%Interest Rate x 48 months
  • 811 CAD/month + tax
  • Total Payable: 38,947 CAD
  • Total Interest: 3,644 CAD
  • 8.9%Interest Rate x 48 months
  • 877 CAD/month + tax
  • Total Payable: 42,088 CAD
  • Total Interest: 6,785 CAD
  • 14.9%Interest Rate x 48 months
  • 981 CAD/month + tax
  • Total Payable: 47,075 CAD
  • Total Interest: 11,772 CAD

At the end of the Lease Contract

Residual Value: 23,500 CAD (in 22 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)
24.80
  • + tax
  • + fuel
  • + insurance
(or 0.25CAD per km)
  • 32.19CAD/100km (Original Contract back in Aug, 2019)
Time Analysis
Cost per day: (CAD)
17.64
  • + tax
  • + insurance
  • + km driven & fuel
(0.15CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
499.19
  • 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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