Payment Analysis

1,473.96CAD/monthin Toronto, ON
    Before Taxes:
  • 1,473.96 CAD/month
  • 680.29 CAD/bi-weekly
  • 340.14 CAD/week
  • 17,687.52 CAD/year
Incl. Ontario Taxes (13%):
  • 1,665.57 CAD/month
  • 768.73 CAD/bi-weekly
  • 384.36 CAD/week
  • 19,986.90 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: 25,360 ~ 26,660 CAD

compared to leasing a BRAND NEW:

  • Mercedes-Benz CLS530 4Matic Coupe
  • for 24 months
  • in Ontario
  • $0 down payment
  • 27,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,905
This Contract (CAD/month) 1,474
Monthly Difference 432 CAD/month
Remaining Term x 55 months
Total Monthly Difference = 23,760 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 25,360 ~ 26,660

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 125,343 CAD
  • Total Vehicle Debt: 97,338 CAD
  • Paid so Far: -28,005 CAD (-29% Paid)
  • Remaining Lease Payments: 81,068 CAD
  • Residual Value: 44,275 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -28,005 CAD Total Vehicle Value: 97,338 CAD
-29% Paid
129%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 81,068 CAD
Term Paid so Far: -28,005 CAD Residual Value: 44,275 CAD
0%
-29%
83%
46%
Cost to Own
Already Paid: -28,005 CAD (-29%)
Cash Incentive: 0 CAD Buyout Price Today: 125,343 CAD
-29% Paid
0%
129%
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: 125,343 CAD

  • 4.9%Interest Rate x 48 months
  • 2,881 CAD/month + tax
  • Total Payable: 138,282 CAD
  • Total Interest: 12,940 CAD
  • 8.9%Interest Rate x 48 months
  • 3,113 CAD/month + tax
  • Total Payable: 149,434 CAD
  • Total Interest: 24,091 CAD
  • 14.9%Interest Rate x 48 months
  • 3,482 CAD/month + tax
  • Total Payable: 167,138 CAD
  • Total Interest: 41,795 CAD

At the end of the Lease Contract

Residual Value: 44,275 CAD (in 55 months)

  • 4.9%Interest Rate x 48 months
  • 1,018 CAD/month + tax
  • Total Payable: 48,846 CAD
  • Total Interest: 4,571 CAD
  • 8.9%Interest Rate x 48 months
  • 1,100 CAD/month + tax
  • Total Payable: 52,785 CAD
  • Total Interest: 8,510 CAD
  • 14.9%Interest Rate x 48 months
  • 1,230 CAD/month + tax
  • Total Payable: 59,038 CAD
  • Total Interest: 14,763 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)
205.23
  • + tax
  • + fuel
  • + insurance
(or 2.05CAD per km)
Time Analysis
Cost per day: (CAD)
48.46
  • + tax
  • + insurance
  • + km driven & fuel
(0.06CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
165.73
  • km/week
  • without any
  • additional costs
Excess km cost: 0.30CAD

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