Payment Analysis

350.00CAD/monthin Oshawa, ON
    Before Taxes:
  • 350.00 CAD/month
  • 161.54 CAD/bi-weekly
  • 80.77 CAD/week
  • 4,200.00 CAD/year
Incl. Ontario Taxes (13%):
  • 395.50 CAD/month
  • 182.54 CAD/bi-weekly
  • 91.27 CAD/week
  • 4,746.00 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: 7,375 ~ 8,275 CAD

compared to leasing a BRAND NEW:

  • Corolla Hybrid Automatic 2WD w/ wear pass
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 573
This Contract (CAD/month) 350
Monthly Difference 223 CAD/month
Remaining Term x 25 months
Total Monthly Difference = 5,575 CAD
+ Cash Incentive** (CAD) + 1,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 7,375 ~ 8,275
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 21,336 CAD
  • Total Vehicle Debt: 26,536 CAD
  • Paid so Far: 4,200 CAD (15% Paid)
  • Remaining Lease Payments: 8,750 CAD
  • Residual Value: 13,586 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 4,200 CAD Total Vehicle Value: 26,536 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,750 CAD
Term Paid so Far: 4,200 CAD Residual Value: 13,586 CAD
0%
15%
33%
52%
Cost to Own
Already Paid: 4,200 CAD (15%)
Cash Incentive: 1,000 CAD Buyout Price Today: 21,336 CAD
15% Paid
3%
82%
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: 21,336 CAD

  • 4.9%Interest Rate x 48 months
  • 490 CAD/month + tax
  • Total Payable: 23,539 CAD
  • Total Interest: 2,203 CAD
  • 8.9%Interest Rate x 48 months
  • 530 CAD/month + tax
  • Total Payable: 25,437 CAD
  • Total Interest: 4,101 CAD
  • 14.9%Interest Rate x 48 months
  • 593 CAD/month + tax
  • Total Payable: 28,450 CAD
  • Total Interest: 7,114 CAD

At the end of the Lease Contract

Residual Value: 13,586 CAD (in 25 months)

  • 4.9%Interest Rate x 48 months
  • 312 CAD/month + tax
  • Total Payable: 14,989 CAD
  • Total Interest: 1,403 CAD
  • 8.9%Interest Rate x 48 months
  • 337 CAD/month + tax
  • Total Payable: 16,197 CAD
  • Total Interest: 2,611 CAD
  • 14.9%Interest Rate x 48 months
  • 377 CAD/month + tax
  • Total Payable: 18,116 CAD
  • Total Interest: 4,530 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)
14.62
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 16.51CAD/100km (TODAY without the Cash Incentive)
  • 17.50CAD/100km (Original Contract back in Sep, 2019)
Time Analysis
Cost per day: (CAD)
10.19
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 11.51CAD/day (Original Contract back in Sep, 2019)
Remaining Km
Can be driven up to:
489.23
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 461.54km/week (Contract Original back in Sep, 2019)

Seller Contact Info

This Contract was Already Transferred.

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