Payment Analysis

635.08CAD/monthin Sarnia, ON
    Before Taxes:
  • 635.08 CAD/month
  • 293.11 CAD/bi-weekly
  • 146.56 CAD/week
  • 7,620.96 CAD/year
Incl. Ontario Taxes (13%):
  • 717.64 CAD/month
  • 331.22 CAD/bi-weekly
  • 165.61 CAD/week
  • 8,611.68 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: 19,045 CAD

compared to leasing a BRAND NEW:

  • BMW 230i xDrive
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 928
This Contract (CAD/month) 635
Monthly Difference 293 CAD/month
Remaining Term x 65 months
Total Monthly Difference = 19,045 CAD
Total Savings (CAD) = 19,045

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 62,574 CAD
  • Total Vehicle Debt: 56,777 CAD
  • Paid so Far: -5,796 CAD (-11% Paid)
  • Remaining Lease Payments: 41,280 CAD
  • Residual Value: 21,293 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -5,796 CAD Total Vehicle Value: 56,777 CAD
-11% Paid
111%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 41,280 CAD
Term Paid so Far: -10,796 CAD Residual Value: 21,293 CAD
9%
-20%
73%
38%
Cost to Own
Already Paid: -5,796 CAD (-11%)
Cash Incentive: 0 CAD Buyout Price Today: 62,574 CAD
-11% Paid
0%
111%
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: 62,574 CAD

  • 4.9%Interest Rate x 48 months
  • 1,438 CAD/month + tax
  • Total Payable: 69,033 CAD
  • Total Interest: 6,460 CAD
  • 8.9%Interest Rate x 48 months
  • 1,554 CAD/month + tax
  • Total Payable: 74,601 CAD
  • Total Interest: 12,027 CAD
  • 14.9%Interest Rate x 48 months
  • 1,738 CAD/month + tax
  • Total Payable: 83,438 CAD
  • Total Interest: 20,865 CAD

At the end of the Lease Contract

Residual Value: 21,293 CAD (in 65 months)

  • 4.9%Interest Rate x 48 months
  • 489 CAD/month + tax
  • Total Payable: 23,492 CAD
  • Total Interest: 2,198 CAD
  • 8.9%Interest Rate x 48 months
  • 529 CAD/month + tax
  • Total Payable: 25,386 CAD
  • Total Interest: 4,093 CAD
  • 14.9%Interest Rate x 48 months
  • 592 CAD/month + tax
  • Total Payable: 28,394 CAD
  • Total Interest: 7,100 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)
117.00
  • + tax
  • + fuel
  • + insurance
(or 1.17CAD per km)
Time Analysis
Cost per day: (CAD)
20.88
  • + tax
  • + insurance
  • + km driven & fuel
(0.05CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
125.26
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD