Payment Analysis
1,473.96CAD/monthin Toronto, ON
- 1,473.96 CAD/month
- 680.29 CAD/bi-weekly
- 340.14 CAD/week
- 17,687.52 CAD/year
Before Taxes:
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:
24,064 ~ 25,364 CAD
compared to leasing a BRAND NEW:
- Mercedes-Benz CLS530 4Matic Coupe
- for 24 months
- in Ontario
- $0 down payment
- 27,000 km/year
| Leasing New (CAD/month) | 1,905 |
|---|---|
| This Contract (CAD/month) | 1,474 |
| Monthly Difference | 432 CAD/month |
| Remaining Term | x 52 months |
| Total Monthly Difference | = 22,464 CAD |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 24,064 ~ 25,364 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
120,921 CAD
- Total Vehicle Debt: 97,338 CAD
- Paid so Far: -23,583 CAD (-25% Paid)
- Remaining Lease Payments: 76,646 CAD
- Residual Value: 44,275 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -23,583 CAD Total Vehicle Value: 97,338 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 76,646 CAD
Term Paid so Far: -23,583 CAD Residual Value: 44,275 CAD
Cost to Own
Already Paid: -23,583 CAD (-25%)
Cash Incentive: 0 CAD Buyout Price Today: 120,921 CAD
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: 120,921 CAD
- 4.9%Interest Rate x 48 months
- 2,779 CAD/month + tax
- Total Payable: 133,404 CAD
- Total Interest: 12,483 CAD
- 8.9%Interest Rate x 48 months
- 3,003 CAD/month + tax
- Total Payable: 144,162 CAD
- Total Interest: 23,242 CAD
- 14.9%Interest Rate x 48 months
- 3,359 CAD/month + tax
- Total Payable: 161,241 CAD
- Total Interest: 40,320 CAD
At the end of the Lease Contract
Residual Value: 44,275 CAD (in 52 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)
194.04
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
48.46
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
175.30
- km/week
- without any
- additional costs
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