Payment Analysis

400.00CAD/monthin Toronto, ON
    Before Taxes:
  • 400.00 CAD/month
  • 184.62 CAD/bi-weekly
  • 92.31 CAD/week
  • 4,800.00 CAD/year
Incl. Ontario Taxes (13%):
  • 452.00 CAD/month
  • 208.62 CAD/bi-weekly
  • 104.31 CAD/week
  • 5,424.00 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: 5,785 ~ 6,685 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz GLE 350 Automatic AWD w/ Premium Package + Premium Plus + Night Package + Technology Package
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,245
This Contract (CAD/month) 400
Monthly Difference 845 CAD/month
Remaining Term x 13 months
Total Monthly Difference = 10,985 CAD
- Required Payment** (CAD) - 6,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 5,785 ~ 6,685
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 50,582 CAD
  • Total Vehicle Debt: 87,382 CAD
  • Paid so Far: 42,800 CAD (48% Paid)
  • Remaining Lease Payments: 5,200 CAD
  • Residual Value: 39,382 CAD
  • Required Payment: 6,000 CAD
Vehicle Debt & Value
Paid so far: 42,800 CAD Total Vehicle Value: 87,382 CAD
48% Paid
52%
Vehicle Debt Breakdown
Downpayment: 30,000 CAD Remaining Term: 5,200 CAD
Term Paid so Far: 12,800 CAD Residual Value: 39,382 CAD
33%
15%
6%
46%
Cost to Own
Already Paid: 42,800 CAD (48%)
Required Payment: 6,000 CAD (6%)Buyout Price Today: 50,582 CAD
42% Paid
6%
52%
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: 50,582 CAD

  • 4.9%Interest Rate x 48 months
  • 1,163 CAD/month + tax
  • Total Payable: 55,804 CAD
  • Total Interest: 5,222 CAD
  • 8.9%Interest Rate x 48 months
  • 1,256 CAD/month + tax
  • Total Payable: 60,304 CAD
  • Total Interest: 9,722 CAD
  • 14.9%Interest Rate x 48 months
  • 1,405 CAD/month + tax
  • Total Payable: 67,448 CAD
  • Total Interest: 16,866 CAD

At the end of the Lease Contract

Residual Value: 39,382 CAD (in 13 months)

  • 4.9%Interest Rate x 48 months
  • 905 CAD/month + tax
  • Total Payable: 43,448 CAD
  • Total Interest: 4,066 CAD
  • 8.9%Interest Rate x 48 months
  • 978 CAD/month + tax
  • Total Payable: 46,951 CAD
  • Total Interest: 7,569 CAD
  • 14.9%Interest Rate x 48 months
  • 1,094 CAD/month + tax
  • Total Payable: 52,514 CAD
  • Total Interest: 13,132 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)
18.45
  • + tax
  • + fuel
  • + insurance
(inlcuding the 6,000CAD incentive)
  • 8.57CAD/100km (TODAY without the Cash Incentive)
  • 26.67CAD/100km (Original Contract back in Jan, 2020)
Time Analysis
Cost per day: (CAD)
28.32
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 6,000CAD incentive)
  • 13.15CAD/day (Original Contract back in Jan, 2020)
Remaining Km
Can be driven up to:
1,077.51
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 346.15km/week (Contract Original back in Jan, 2020)

Seller Contact Info

This Contract was Already Transferred.

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