Payment Analysis

363.61CAD/monthin Toronto, ON
    Before Taxes:
  • 363.61 CAD/month
  • 167.82 CAD/bi-weekly
  • 83.91 CAD/week
  • 4,363.32 CAD/year
Incl. Ontario Taxes (13%):
  • 410.88 CAD/month
  • 189.64 CAD/bi-weekly
  • 94.82 CAD/week
  • 4,930.55 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: 6,754 ~ 7,154 CAD

compared to leasing a BRAND NEW:

  • Toyota COROLLA LE CVT
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 285
This Contract (CAD/month) 364
Monthly Difference -78 CAD/month
Remaining Term x 7 months
Total Monthly Difference = -546 CAD
+ Cash Incentive** (CAD) + 6,500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 6,754 ~ 7,154
** "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: 5,827 CAD
  • Total Vehicle Debt: 31,598 CAD
  • Paid so Far: 19,271 CAD (60% Paid)
  • Remaining Lease Payments: 2,545 CAD
  • Residual Value: 9,782 CAD
  • Cash Incentive: 6,500 CAD
Vehicle Debt & Value
Paid so far: 19,271 CAD Total Vehicle Value: 31,598 CAD
60% Paid
40%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 2,545 CAD
Term Paid so Far: 19,271 CAD Residual Value: 9,782 CAD
0%
60%
8%
32%
Cost to Own
Already Paid: 19,271 CAD (60%)
Cash Incentive: 6,500 CAD Buyout Price Today: 5,827 CAD
60% Paid
21%
19%
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: 5,827 CAD

  • 4.9%Interest Rate x 48 months
  • 134 CAD/month + tax
  • Total Payable: 6,429 CAD
  • Total Interest: 602 CAD
  • 8.9%Interest Rate x 48 months
  • 145 CAD/month + tax
  • Total Payable: 6,947 CAD
  • Total Interest: 1,120 CAD
  • 14.9%Interest Rate x 48 months
  • 162 CAD/month + tax
  • Total Payable: 7,770 CAD
  • Total Interest: 1,943 CAD

At the end of the Lease Contract

Residual Value: 9,782 CAD (in 7 months)

  • 4.9%Interest Rate x 48 months
  • 225 CAD/month + tax
  • Total Payable: 10,792 CAD
  • Total Interest: 1,010 CAD
  • 8.9%Interest Rate x 48 months
  • 243 CAD/month + tax
  • Total Payable: 11,662 CAD
  • Total Interest: 1,880 CAD
  • 14.9%Interest Rate x 48 months
  • 272 CAD/month + tax
  • Total Payable: 13,043 CAD
  • Total Interest: 3,262 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)
-5.24
  • + tax
  • + fuel
  • + insurance
(inlcuding the 6,500CAD incentive)
  • 3.37CAD/100km (TODAY without the Cash Incentive)
  • 21.82CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
-18.57
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 6,500CAD incentive)
  • 11.95CAD/day (Original Contract back in Jul, 2020)
Remaining Km
Can be driven up to:
2,488.35
  • 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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