Payment Analysis

332.19CAD/monthin Toronto, ON
    Before Taxes:
  • 332.19 CAD/month
  • 153.32 CAD/bi-weekly
  • 76.66 CAD/week
  • 3,986.28 CAD/year
Incl. Ontario Taxes (13%):
  • 375.37 CAD/month
  • 173.25 CAD/bi-weekly
  • 86.62 CAD/week
  • 4,504.50 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: 4,779 ~ 5,679 CAD

compared to leasing a BRAND NEW:

  • Mazda Mazda3 GS
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 403
This Contract (CAD/month) 332
Monthly Difference 71 CAD/month
Remaining Term x 49 months
Total Monthly Difference = 3,479 CAD
+ Cash Incentive** (CAD) + 500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,779 ~ 5,679
** "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: 26,149 CAD
  • Total Vehicle Debt: 24,824 CAD
  • Paid so Far: -1,825 CAD (-8% Paid)
  • Remaining Lease Payments: 16,277 CAD
  • Residual Value: 10,372 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: -1,825 CAD Total Vehicle Value: 24,824 CAD
-8% Paid
108%
Vehicle Debt Breakdown
Downpayment: 500 CAD Remaining Term: 16,277 CAD
Term Paid so Far: -2,325 CAD Residual Value: 10,372 CAD
2%
-10%
65%
43%
Cost to Own
Already Paid: -1,825 CAD (-8%)
Cash Incentive: 500 CAD Buyout Price Today: 26,149 CAD
-8% Paid
2%
106%
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: 26,149 CAD

  • 4.9%Interest Rate x 48 months
  • 601 CAD/month + tax
  • Total Payable: 28,848 CAD
  • Total Interest: 2,699 CAD
  • 8.9%Interest Rate x 48 months
  • 649 CAD/month + tax
  • Total Payable: 31,175 CAD
  • Total Interest: 5,026 CAD
  • 14.9%Interest Rate x 48 months
  • 726 CAD/month + tax
  • Total Payable: 34,868 CAD
  • Total Interest: 8,719 CAD

At the end of the Lease Contract

Residual Value: 10,372 CAD (in 49 months)

  • 4.9%Interest Rate x 48 months
  • 238 CAD/month + tax
  • Total Payable: 11,442 CAD
  • Total Interest: 1,071 CAD
  • 8.9%Interest Rate x 48 months
  • 258 CAD/month + tax
  • Total Payable: 12,365 CAD
  • Total Interest: 1,993 CAD
  • 14.9%Interest Rate x 48 months
  • 288 CAD/month + tax
  • Total Payable: 13,830 CAD
  • Total Interest: 3,458 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)
39.44
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
Time Analysis
Cost per day: (CAD)
10.59
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
Remaining Km
Can be driven up to:
188.38
  • km/week
  • without any
  • additional costs
Excess km cost: 0.02CAD

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