Payment Analysis

507.08CAD/monthin Toronto, ON
    Before Taxes:
  • 507.08 CAD/month
  • 234.04 CAD/bi-weekly
  • 117.02 CAD/week
  • 6,084.96 CAD/year
Incl. Ontario Taxes (13%):
  • 573.00 CAD/month
  • 264.46 CAD/bi-weekly
  • 132.23 CAD/week
  • 6,876.00 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: 6,225 ~ 7,125 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) 724
This Contract (CAD/month) 507
Monthly Difference 217 CAD/month
Remaining Term x 25 months
Total Monthly Difference = 5,425 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 6,225 ~ 7,125

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 35,024 CAD
  • Total Vehicle Debt: 42,123 CAD
  • Paid so Far: 7,099 CAD (16% Paid)
  • Remaining Lease Payments: 12,677 CAD
  • Residual Value: 22,347 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,099 CAD Total Vehicle Value: 42,123 CAD
16% Paid
84%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,677 CAD
Term Paid so Far: 7,099 CAD Residual Value: 22,347 CAD
0%
16%
30%
54%
Cost to Own
Already Paid: 7,099 CAD (16%)
Cash Incentive: 0 CAD Buyout Price Today: 35,024 CAD
16% Paid
0%
84%
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: 35,024 CAD

  • 4.9%Interest Rate x 48 months
  • 805 CAD/month + tax
  • Total Payable: 38,640 CAD
  • Total Interest: 3,616 CAD
  • 8.9%Interest Rate x 48 months
  • 870 CAD/month + tax
  • Total Payable: 41,756 CAD
  • Total Interest: 6,732 CAD
  • 14.9%Interest Rate x 48 months
  • 973 CAD/month + tax
  • Total Payable: 46,703 CAD
  • Total Interest: 11,679 CAD

At the end of the Lease Contract

Residual Value: 22,347 CAD (in 25 months)

  • 4.9%Interest Rate x 48 months
  • 514 CAD/month + tax
  • Total Payable: 24,654 CAD
  • Total Interest: 2,307 CAD
  • 8.9%Interest Rate x 48 months
  • 555 CAD/month + tax
  • Total Payable: 26,642 CAD
  • Total Interest: 4,295 CAD
  • 14.9%Interest Rate x 48 months
  • 621 CAD/month + tax
  • Total Payable: 29,798 CAD
  • Total Interest: 7,451 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)
24.53
  • + tax
  • + fuel
  • + insurance
(or 0.25CAD per km)
  • 30.42CAD/100km (Original Contract back in Oct, 2019)
Time Analysis
Cost per day: (CAD)
16.67
  • + tax
  • + insurance
  • + km driven & fuel
(0.13CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
477.11
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD
  • 384.62km/week (Contract Original back in Oct, 2019)

Seller Contact Info

This Contract was Already Transferred.

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