Payment Analysis

207.00CAD/monthin Hamilton, ON
    Before Taxes:
  • 207.00 CAD/month
  • 95.54 CAD/bi-weekly
  • 47.77 CAD/week
  • 2,484.00 CAD/year
Incl. Ontario Taxes (13%):
  • 233.91 CAD/month
  • 107.96 CAD/bi-weekly
  • 53.98 CAD/week
  • 2,806.92 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: 2,268 CAD

compared to leasing a BRAND NEW:

  • Corolla LE CVT
  • for 39 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 333
This Contract (CAD/month) 207
Monthly Difference 126 CAD/month
Remaining Term x 18 months
Total Monthly Difference = 2,268 CAD
Total Savings (CAD) = 2,268

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 11,815 CAD
  • Total Vehicle Debt: 21,615 CAD
  • Paid so Far: 9,800 CAD (45% Paid)
  • Remaining Lease Payments: 3,726 CAD
  • Residual Value: 8,089 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 9,800 CAD Total Vehicle Value: 21,615 CAD
45% Paid
55%
Vehicle Debt Breakdown
Downpayment: 1,106 CAD Remaining Term: 3,726 CAD
Term Paid so Far: 8,694 CAD Residual Value: 8,089 CAD
5%
40%
17%
38%
Cost to Own
Already Paid: 9,800 CAD (45%)
Cash Incentive: 0 CAD Buyout Price Today: 11,815 CAD
45% Paid
0%
55%
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: 11,815 CAD

  • 4.9%Interest Rate x 48 months
  • 272 CAD/month + tax
  • Total Payable: 13,035 CAD
  • Total Interest: 1,220 CAD
  • 8.9%Interest Rate x 48 months
  • 293 CAD/month + tax
  • Total Payable: 14,086 CAD
  • Total Interest: 2,271 CAD
  • 14.9%Interest Rate x 48 months
  • 328 CAD/month + tax
  • Total Payable: 15,755 CAD
  • Total Interest: 3,940 CAD

At the end of the Lease Contract

Residual Value: 8,089 CAD (in 18 months)

  • 4.9%Interest Rate x 48 months
  • 186 CAD/month + tax
  • Total Payable: 8,924 CAD
  • Total Interest: 835 CAD
  • 8.9%Interest Rate x 48 months
  • 201 CAD/month + tax
  • Total Payable: 9,644 CAD
  • Total Interest: 1,555 CAD
  • 14.9%Interest Rate x 48 months
  • 225 CAD/month + tax
  • Total Payable: 10,786 CAD
  • Total Interest: 2,697 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)
4.19
  • + tax
  • + fuel
  • + insurance
(or 0.04CAD per km)
  • 12.42CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
6.81
  • + tax
  • + insurance
  • + km driven & fuel
(0.18CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,141.03
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in May, 2018)

Seller Contact Info

This Contract was Already Transferred.

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