Payment Analysis

447.39CAD/monthin Toronto, ON
    Before Taxes:
  • 447.39 CAD/month
  • 206.49 CAD/bi-weekly
  • 103.24 CAD/week
  • 5,368.68 CAD/year
Incl. Ontario Taxes (13%):
  • 505.55 CAD/month
  • 233.33 CAD/bi-weekly
  • 116.67 CAD/week
  • 6,066.61 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: 19,838 CAD

compared to leasing a BRAND NEW:

  • BMW X1 xDrive
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 795
This Contract (CAD/month) 447
Monthly Difference 348 CAD/month
Remaining Term x 56 months
Total Monthly Difference = 19,488 CAD
+ Cash Incentive** (CAD) + 350
Total Savings (CAD) = 19,838
** "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: 35,204 CAD
  • Total Vehicle Debt: 21,237 CAD
  • Paid so Far: -14,316 CAD (-68% Paid)
  • Remaining Lease Payments: 25,054 CAD
  • Residual Value: 10,500 CAD
  • Cash Incentive: 350 CAD
Vehicle Debt & Value
Paid so far: -14,316 CAD Total Vehicle Value: 21,237 CAD
-68% Paid
168%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 25,054 CAD
Term Paid so Far: -14,316 CAD Residual Value: 10,500 CAD
0%
-68%
118%
50%
Cost to Own
Already Paid: -14,316 CAD (-68%)
Cash Incentive: 350 CAD Buyout Price Today: 35,204 CAD
-68% Paid
1%
167%
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: 35,204 CAD

  • 4.9%Interest Rate x 48 months
  • 809 CAD/month + tax
  • Total Payable: 38,838 CAD
  • Total Interest: 3,634 CAD
  • 8.9%Interest Rate x 48 months
  • 874 CAD/month + tax
  • Total Payable: 41,970 CAD
  • Total Interest: 6,766 CAD
  • 14.9%Interest Rate x 48 months
  • 978 CAD/month + tax
  • Total Payable: 46,942 CAD
  • Total Interest: 11,739 CAD

At the end of the Lease Contract

Residual Value: 10,500 CAD (in 56 months)

  • 4.9%Interest Rate x 48 months
  • 241 CAD/month + tax
  • Total Payable: 11,584 CAD
  • Total Interest: 1,084 CAD
  • 8.9%Interest Rate x 48 months
  • 261 CAD/month + tax
  • Total Payable: 12,518 CAD
  • Total Interest: 2,018 CAD
  • 14.9%Interest Rate x 48 months
  • 292 CAD/month + tax
  • Total Payable: 14,001 CAD
  • Total Interest: 3,501 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)
85.66
  • + tax
  • + fuel
  • + insurance
(inlcuding the 350CAD incentive)
Time Analysis
Cost per day: (CAD)
14.50
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 350CAD incentive)
Remaining Km
Can be driven up to:
118.84
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

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