Payment Analysis

334.39CAD/monthin Toronto, ON
    Before Taxes:
  • 334.39 CAD/month
  • 154.33 CAD/bi-weekly
  • 77.17 CAD/week
  • 4,012.68 CAD/year
Incl. Ontario Taxes (13%):
  • 377.86 CAD/month
  • 174.40 CAD/bi-weekly
  • 87.20 CAD/week
  • 4,534.33 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: 6,736 ~ 7,636 CAD

compared to leasing a BRAND NEW:

  • Toyota Corolla XSE Manual
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 453
This Contract (CAD/month) 334
Monthly Difference 119 CAD/month
Remaining Term x 44 months
Total Monthly Difference = 5,236 CAD
+ Cash Incentive** (CAD) + 700
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 6,736 ~ 7,636
** "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: 27,983 CAD
  • Total Vehicle Debt: 27,011 CAD
  • Paid so Far: -1,672 CAD (-7% Paid)
  • Remaining Lease Payments: 14,713 CAD
  • Residual Value: 13,970 CAD
  • Cash Incentive: 700 CAD
Vehicle Debt & Value
Paid so far: -1,672 CAD Total Vehicle Value: 27,011 CAD
-7% Paid
107%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 14,713 CAD
Term Paid so Far: -1,672 CAD Residual Value: 13,970 CAD
0%
-7%
54%
53%
Cost to Own
Already Paid: -1,672 CAD (-7%)
Cash Incentive: 700 CAD Buyout Price Today: 27,983 CAD
-7% Paid
2%
105%
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: 27,983 CAD

  • 4.9%Interest Rate x 48 months
  • 643 CAD/month + tax
  • Total Payable: 30,872 CAD
  • Total Interest: 2,889 CAD
  • 8.9%Interest Rate x 48 months
  • 695 CAD/month + tax
  • Total Payable: 33,361 CAD
  • Total Interest: 5,378 CAD
  • 14.9%Interest Rate x 48 months
  • 777 CAD/month + tax
  • Total Payable: 37,314 CAD
  • Total Interest: 9,331 CAD

At the end of the Lease Contract

Residual Value: 13,970 CAD (in 44 months)

  • 4.9%Interest Rate x 48 months
  • 321 CAD/month + tax
  • Total Payable: 15,412 CAD
  • Total Interest: 1,442 CAD
  • 8.9%Interest Rate x 48 months
  • 347 CAD/month + tax
  • Total Payable: 16,655 CAD
  • Total Interest: 2,685 CAD
  • 14.9%Interest Rate x 48 months
  • 388 CAD/month + tax
  • Total Payable: 18,628 CAD
  • Total Interest: 4,658 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)
36.12
  • + tax
  • + fuel
  • + insurance
(inlcuding the 700CAD incentive)
Time Analysis
Cost per day: (CAD)
10.47
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 700CAD incentive)
Remaining Km
Can be driven up to:
203.50
  • km/week
  • without any
  • additional costs
Excess km cost: 0.07CAD

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