Payment Analysis

710.00CAD/monthin Vaughan, ON
    Before Taxes:
  • 710.00 CAD/month
  • 327.69 CAD/bi-weekly
  • 163.85 CAD/week
  • 8,520.00 CAD/year
Incl. Ontario Taxes (13%):
  • 802.30 CAD/month
  • 370.29 CAD/bi-weekly
  • 185.15 CAD/week
  • 9,627.60 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

Not yet Available

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,130 CAD
  • Total Vehicle Debt: 62,600 CAD
  • Paid so Far: 31,470 CAD (50% Paid)
  • Remaining Lease Payments: 16,330 CAD
  • Residual Value: 14,800 CAD
  • Cash Incentive: 5,000 CAD
Vehicle Debt & Value
Paid so far: 31,470 CAD Total Vehicle Value: 62,600 CAD
50% Paid
50%
Vehicle Debt Breakdown
Downpayment: 5,200 CAD Remaining Term: 16,330 CAD
Term Paid so Far: 26,270 CAD Residual Value: 14,800 CAD
8%
42%
26%
24%
Cost to Own
Already Paid: 31,470 CAD (50%)
Cash Incentive: 5,000 CAD Buyout Price Today: 26,130 CAD
50% Paid
8%
42%
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: 26,130 CAD

  • 4.9%Interest Rate x 48 months
  • 601 CAD/month + tax
  • Total Payable: 28,827 CAD
  • Total Interest: 2,697 CAD
  • 8.9%Interest Rate x 48 months
  • 649 CAD/month + tax
  • Total Payable: 31,152 CAD
  • Total Interest: 5,022 CAD
  • 14.9%Interest Rate x 48 months
  • 726 CAD/month + tax
  • Total Payable: 34,843 CAD
  • Total Interest: 8,713 CAD

At the end of the Lease Contract

Residual Value: 14,800 CAD (in 23 months)

  • 4.9%Interest Rate x 48 months
  • 340 CAD/month + tax
  • Total Payable: 16,328 CAD
  • Total Interest: 1,528 CAD
  • 8.9%Interest Rate x 48 months
  • 368 CAD/month + tax
  • Total Payable: 17,645 CAD
  • Total Interest: 2,845 CAD
  • 14.9%Interest Rate x 48 months
  • 411 CAD/month + tax
  • Total Payable: 19,735 CAD
  • Total Interest: 4,935 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)
14.16
  • + tax
  • + fuel
  • + insurance
(inlcuding the 5,000CAD incentive)
  • 20.41CAD/100km (TODAY without the Cash Incentive)
  • 42.60CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
16.20
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 5,000CAD incentive)
  • 23.34CAD/day (Original Contract back in May, 2018)
Remaining Km
Can be driven up to:
802.68
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in May, 2018)

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2024 Mercedes-Benz Sprinter 2500 (ID: #59521)
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2024 Mercedes-Benz

Sprinter 2500 Automatique 2WD

Payment Details
  • Current Payment: 687 CAD/month + tax
  • Original Downpayment: 23,700 CAD
  • Months to End: 50 months (Jul, 2029)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 4,800 km total
  • Available Now: 22,848 km/year (1,904 per month)
See all Details