BMW Lease Takeover in Toronto, ON: 2020 BMW M340i xDrive Sedan Automatique AWD ID:#21962 • LeaseCosts Canada

Payment Analysis

682.21CAD/monthin Toronto, ON

Before Taxes:

682.21 CAD/month
314.87 CAD/bi-weekly
157.43 CAD/week
8,186.52 CAD/year

Incl. Ontario Taxes (13%):

770.90 CAD/month
355.80 CAD/bi-weekly
177.90 CAD/week
9,250.77 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: 51,610 ~ 52,510 CAD

compared to leasing a BRAND NEW:

BMW M340i xDrive Sedan w/ Premium Excellence Package ($8,500)
for 24 months
in Ontario
$0 down payment
22,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,987
This Contract (CAD/month)	682
Monthly Difference	1,305 CAD/month
Remaining Term	x 42 months
Total Monthly Difference	= 54,810 CAD
- Required Payment** (CAD)	- 4,000
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 51,610 ~ 52,510
	** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 68,557 CAD

Total Vehicle Debt: 80,921 CAD
Paid so Far: 16,364 CAD (20% Paid)
Remaining Lease Payments: 28,653 CAD
Residual Value: 35,904 CAD
Required Payment: 4,000 CAD

Vehicle Debt & Value

Paid so far: 16,364 CAD Total Vehicle Value: 80,921 CAD

20% Paid

80%

Vehicle Debt Breakdown

Downpayment: 15,000 CAD Remaining Term: 28,653 CAD

Term Paid so Far: 1,364 CAD Residual Value: 35,904 CAD

18%

35%

45%

Cost to Own

Already Paid: 16,364 CAD (20%)

Required Payment: 4,000 CAD (4%)Buyout Price Today: 68,557 CAD

16% Paid

80%

Additional Financing Details

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: 68,557 CAD

4.9%Interest Rate x 48 months
1,576 CAD/month + tax
Total Payable: 75,634 CAD
Total Interest: 7,077 CAD

8.9%Interest Rate x 48 months
1,703 CAD/month + tax
Total Payable: 81,734 CAD
Total Interest: 13,177 CAD

14.9%Interest Rate x 48 months
1,905 CAD/month + tax
Total Payable: 91,417 CAD
Total Interest: 22,860 CAD

At the end of the Lease Contract

Residual Value: 35,904 CAD (in 42 months)

4.9%Interest Rate x 48 months
825 CAD/month + tax
Total Payable: 39,610 CAD
Total Interest: 3,706 CAD

8.9%Interest Rate x 48 months
892 CAD/month + tax
Total Payable: 42,805 CAD
Total Interest: 6,901 CAD

14.9%Interest Rate x 48 months
997 CAD/month + tax
Total Payable: 47,876 CAD
Total Interest: 11,972 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)