Payment Analysis

523.57CAD/monthin Winnipeg, MB
    Before Taxes:
  • 523.57 CAD/month
  • 241.65 CAD/bi-weekly
  • 120.82 CAD/week
  • 6,282.84 CAD/year
Incl. Manitoba Taxes (13%):
  • 591.63 CAD/month
  • 273.06 CAD/bi-weekly
  • 136.53 CAD/week
  • 7,099.61 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: 11,564 ~ 12,864 CAD

compared to leasing a BRAND NEW:

  • Mini Cooper S
  • Essentials Style + LED Pack
  • for 24 months
  • in B.C.
  • $0 down payment
  • 28,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 711
This Contract (CAD/month) 524
Monthly Difference 188 CAD/month
Remaining Term x 53 months
Total Monthly Difference = 9,964 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 11,564 ~ 12,864

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 43,224 CAD
  • Total Vehicle Debt: 40,606 CAD
  • Paid so Far: -2,618 CAD (-7% Paid)
  • Remaining Lease Payments: 27,749 CAD
  • Residual Value: 15,475 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -2,618 CAD Total Vehicle Value: 40,606 CAD
-7% Paid
107%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 27,749 CAD
Term Paid so Far: -2,618 CAD Residual Value: 15,475 CAD
0%
-7%
68%
39%
Cost to Own
Already Paid: -2,618 CAD (-7%)
Cash Incentive: 0 CAD Buyout Price Today: 43,224 CAD
-7% Paid
0%
107%
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: 43,224 CAD

  • 4.9%Interest Rate x 48 months
  • 993 CAD/month + tax
  • Total Payable: 47,686 CAD
  • Total Interest: 4,462 CAD
  • 8.9%Interest Rate x 48 months
  • 1,074 CAD/month + tax
  • Total Payable: 51,532 CAD
  • Total Interest: 8,308 CAD
  • 14.9%Interest Rate x 48 months
  • 1,201 CAD/month + tax
  • Total Payable: 57,637 CAD
  • Total Interest: 14,413 CAD

At the end of the Lease Contract

Residual Value: 15,475 CAD (in 53 months)

  • 4.9%Interest Rate x 48 months
  • 356 CAD/month + tax
  • Total Payable: 17,073 CAD
  • Total Interest: 1,598 CAD
  • 8.9%Interest Rate x 48 months
  • 384 CAD/month + tax
  • Total Payable: 18,449 CAD
  • Total Interest: 2,974 CAD
  • 14.9%Interest Rate x 48 months
  • 430 CAD/month + tax
  • Total Payable: 20,635 CAD
  • Total Interest: 5,160 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)
50.45
  • + tax
  • + fuel
  • + insurance
(or 0.50CAD per km)
Time Analysis
Cost per day: (CAD)
17.21
  • + tax
  • + insurance
  • + km driven & fuel
(0.06CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
239.48
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD