Payment Analysis

806.62CAD/monthin Toronto, ON
    Before Taxes:
  • 806.62 CAD/month
  • 372.29 CAD/bi-weekly
  • 186.14 CAD/week
  • 9,679.44 CAD/year
Incl. Ontario Taxes (13%):
  • 911.48 CAD/month
  • 420.68 CAD/bi-weekly
  • 210.34 CAD/week
  • 10,937.77 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: -1,744 ~ -844 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla LE CVT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 22,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 382
This Contract (CAD/month) 807
Monthly Difference -424 CAD/month
Remaining Term x 6 months
Total Monthly Difference = -2,544 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = -1,744 ~ -844

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 64,897 CAD
  • Total Vehicle Debt: 87,416 CAD
  • Paid so Far: 22,519 CAD (25% Paid)
  • Remaining Lease Payments: 4,840 CAD
  • Residual Value: 60,058 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 22,519 CAD Total Vehicle Value: 87,416 CAD
25% Paid
75%
Vehicle Debt Breakdown
Downpayment: 8,000 CAD Remaining Term: 4,840 CAD
Term Paid so Far: 14,519 CAD Residual Value: 60,058 CAD
8%
17%
5%
70%
Cost to Own
Already Paid: 22,519 CAD (25%)
Cash Incentive: 0 CAD Buyout Price Today: 64,897 CAD
25% Paid
0%
75%
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: 64,897 CAD

  • 4.9%Interest Rate x 48 months
  • 1,492 CAD/month + tax
  • Total Payable: 71,597 CAD
  • Total Interest: 6,700 CAD
  • 8.9%Interest Rate x 48 months
  • 1,612 CAD/month + tax
  • Total Payable: 77,371 CAD
  • Total Interest: 12,474 CAD
  • 14.9%Interest Rate x 48 months
  • 1,803 CAD/month + tax
  • Total Payable: 86,537 CAD
  • Total Interest: 21,640 CAD

At the end of the Lease Contract

Residual Value: 60,058 CAD (in 6 months)

  • 4.9%Interest Rate x 48 months
  • 1,380 CAD/month + tax
  • Total Payable: 66,258 CAD
  • Total Interest: 6,200 CAD
  • 8.9%Interest Rate x 48 months
  • 1,492 CAD/month + tax
  • Total Payable: 71,601 CAD
  • Total Interest: 11,543 CAD
  • 14.9%Interest Rate x 48 months
  • 1,668 CAD/month + tax
  • Total Payable: 80,083 CAD
  • Total Interest: 20,026 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)
23.61
  • + tax
  • + fuel
  • + insurance
(or 0.24CAD per km)
  • 60.50CAD/100km (Original Contract back in Oct, 2023)
Time Analysis
Cost per day: (CAD)
26.52
  • + tax
  • + insurance
  • + km driven & fuel
(0.55CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
788.46
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 307.69km/week (Contract Original back in Oct, 2023)

Seller Contact Info

This Contract was Already Transferred.

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