Payment Analysis

345.00CAD/monthin Ottawa, ON
    Before Taxes:
  • 345.00 CAD/month
  • 159.23 CAD/bi-weekly
  • 79.62 CAD/week
  • 4,140.00 CAD/year
Incl. Ontario Taxes (13%):
  • 389.85 CAD/month
  • 179.93 CAD/bi-weekly
  • 89.97 CAD/week
  • 4,678.20 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: 2,616 ~ 3,916 CAD

compared to leasing a BRAND NEW:

  • TOYOTA COROLLA HATCHBACK CVT with SE
  • for 48 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 353
This Contract (CAD/month) 345
Monthly Difference 8 CAD/month
Remaining Term x 2 months
Total Monthly Difference = 16 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,616 ~ 3,916
** "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: 9,825 CAD
  • Total Vehicle Debt: 30,490 CAD
  • Paid so Far: 19,665 CAD (64% Paid)
  • Remaining Lease Payments: 690 CAD
  • Residual Value: 10,135 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 19,665 CAD Total Vehicle Value: 30,490 CAD
64% Paid
36%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 690 CAD
Term Paid so Far: 19,665 CAD Residual Value: 10,135 CAD
0%
64%
2%
34%
Cost to Own
Already Paid: 19,665 CAD (64%)
Cash Incentive: 1,000 CAD Buyout Price Today: 9,825 CAD
64% Paid
3%
33%
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: 9,825 CAD

  • 4.9%Interest Rate x 48 months
  • 226 CAD/month + tax
  • Total Payable: 10,839 CAD
  • Total Interest: 1,014 CAD
  • 8.9%Interest Rate x 48 months
  • 244 CAD/month + tax
  • Total Payable: 11,713 CAD
  • Total Interest: 1,888 CAD
  • 14.9%Interest Rate x 48 months
  • 273 CAD/month + tax
  • Total Payable: 13,101 CAD
  • Total Interest: 3,276 CAD

At the end of the Lease Contract

Residual Value: 10,135 CAD (in 2 months)

  • 4.9%Interest Rate x 48 months
  • 233 CAD/month + tax
  • Total Payable: 11,181 CAD
  • Total Interest: 1,046 CAD
  • 8.9%Interest Rate x 48 months
  • 252 CAD/month + tax
  • Total Payable: 12,083 CAD
  • Total Interest: 1,948 CAD
  • 14.9%Interest Rate x 48 months
  • 282 CAD/month + tax
  • Total Payable: 13,514 CAD
  • Total Interest: 3,379 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)
-0.34
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 0.76CAD/100km (TODAY without the Cash Incentive)
  • 20.70CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
-5.10
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 11.34CAD/day (Original Contract back in Jul, 2020)
Remaining Km
Can be driven up to:
10,492.31
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD
  • 384.62km/week (Contract Original back in Jul, 2020)

Seller Contact Info

This Contract was Already Transferred.

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