Toyota Lease Takeover in Montreal, QC: 2019 Toyota Corolla Hatchback XSE Automatique 2WD ID:#24627 • LeaseCosts Canada

Payment Analysis

387.00CAD/monthin Montreal, QC

Before Taxes:

387.00 CAD/month
178.62 CAD/bi-weekly
89.31 CAD/week
4,644.00 CAD/year

Incl. Québec Taxes (14.98%):

444.97 CAD/month
205.37 CAD/bi-weekly
102.69 CAD/week
5,339.67 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: 8,825 ~ 10,125 CAD

compared to leasing a BRAND NEW:

Toyota Corolla Hatchback CVT with XSE
for 24 months
in Québec
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	596
This Contract (CAD/month)	387
Monthly Difference	209 CAD/month
Remaining Term	x 25 months
Total Monthly Difference	= 5,225 CAD
+ Cash Incentive** (CAD)	+ 2,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 8,825 ~ 10,125
	** "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: 21,945 CAD

Total Vehicle Debt: 32,459 CAD
Paid so Far: 8,514 CAD (26% Paid)
Remaining Lease Payments: 9,675 CAD
Residual Value: 14,270 CAD
Cash Incentive: 2,000 CAD

Vehicle Debt & Value

Paid so far: 8,514 CAD Total Vehicle Value: 32,459 CAD

26% Paid

74%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 9,675 CAD

Term Paid so Far: 8,514 CAD Residual Value: 14,270 CAD

26%

29%

45%

Cost to Own

Already Paid: 8,514 CAD (26%)

Cash Incentive: 2,000 CAD Buyout Price Today: 21,945 CAD

26% Paid

68%

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: 21,945 CAD

4.9%Interest Rate x 48 months
504 CAD/month + tax
Total Payable: 24,210 CAD
Total Interest: 2,265 CAD

8.9%Interest Rate x 48 months
545 CAD/month + tax
Total Payable: 26,163 CAD
Total Interest: 4,218 CAD

14.9%Interest Rate x 48 months
610 CAD/month + tax
Total Payable: 29,262 CAD
Total Interest: 7,317 CAD

At the end of the Lease Contract

Residual Value: 14,270 CAD (in 25 months)

4.9%Interest Rate x 48 months
328 CAD/month + tax
Total Payable: 15,743 CAD
Total Interest: 1,473 CAD

8.9%Interest Rate x 48 months
354 CAD/month + tax
Total Payable: 17,013 CAD
Total Interest: 2,743 CAD

14.9%Interest Rate x 48 months
396 CAD/month + tax
Total Payable: 19,028 CAD
Total Interest: 4,758 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)