Payment Analysis

426.00CAD/monthin Toronto, ON
    Before Taxes:
  • 426.00 CAD/month
  • 196.62 CAD/bi-weekly
  • 98.31 CAD/week
  • 5,112.00 CAD/year
Incl. Ontario Taxes (13%):
  • 481.38 CAD/month
  • 222.18 CAD/bi-weekly
  • 111.09 CAD/week
  • 5,776.56 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: 908 ~ 1,808 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla XSE Automatic 2WD
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 432
This Contract (CAD/month) 426
Monthly Difference 6 CAD/month
Remaining Term x 18 months
Total Monthly Difference = 108 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 908 ~ 1,808

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,668 CAD
  • Total Vehicle Debt: 35,560 CAD
  • Paid so Far: 17,892 CAD (50% Paid)
  • Remaining Lease Payments: 7,668 CAD
  • Residual Value: 10,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 17,892 CAD Total Vehicle Value: 35,560 CAD
50% Paid
50%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,668 CAD
Term Paid so Far: 17,892 CAD Residual Value: 10,000 CAD
0%
50%
21%
29%
Cost to Own
Already Paid: 17,892 CAD (50%)
Cash Incentive: 0 CAD Buyout Price Today: 17,668 CAD
50% Paid
0%
50%
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: 17,668 CAD

  • 4.9%Interest Rate x 48 months
  • 406 CAD/month + tax
  • Total Payable: 19,492 CAD
  • Total Interest: 1,824 CAD
  • 8.9%Interest Rate x 48 months
  • 439 CAD/month + tax
  • Total Payable: 21,064 CAD
  • Total Interest: 3,396 CAD
  • 14.9%Interest Rate x 48 months
  • 491 CAD/month + tax
  • Total Payable: 23,559 CAD
  • Total Interest: 5,891 CAD

At the end of the Lease Contract

Residual Value: 10,000 CAD (in 18 months)

  • 4.9%Interest Rate x 48 months
  • 230 CAD/month + tax
  • Total Payable: 11,032 CAD
  • Total Interest: 1,032 CAD
  • 8.9%Interest Rate x 48 months
  • 248 CAD/month + tax
  • Total Payable: 11,922 CAD
  • Total Interest: 1,922 CAD
  • 14.9%Interest Rate x 48 months
  • 278 CAD/month + tax
  • Total Payable: 13,334 CAD
  • Total Interest: 3,334 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)
7.75
  • + tax
  • + fuel
  • + insurance
(or 0.08CAD per km)
  • 25.56CAD/100km (Original Contract back in Oct, 2021)
Time Analysis
Cost per day: (CAD)
14.01
  • + tax
  • + insurance
  • + km driven & fuel
(0.18CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,267.90
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 384.62km/week (Contract Original back in Oct, 2021)

Seller Contact Info

This Contract was Already Transferred.

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