Payment Analysis

641.84CAD/monthin Ottawa
    Before Taxes:
  • 641.84 CAD/month
  • 296.23 CAD/bi-weekly
  • 148.12 CAD/week
  • 7,702.08 CAD/year
Incl. Ontario Taxes (13%):
  • 725.28 CAD/month
  • 334.74 CAD/bi-weekly
  • 167.37 CAD/week
  • 8,703.35 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: 26,073 CAD
  • Total Vehicle Debt: 55,672 CAD
  • Paid so Far: 28,599 CAD (51% Paid)
  • Remaining Lease Payments: 1,284 CAD
  • Residual Value: 25,789 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 28,599 CAD Total Vehicle Value: 55,672 CAD
51% Paid
49%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 1,284 CAD
Term Paid so Far: 27,599 CAD Residual Value: 25,789 CAD
1%
50%
2%
47%
Cost to Own
Already Paid: 28,599 CAD (51%)
Cash Incentive: 1,000 CAD Buyout Price Today: 26,073 CAD
51% Paid
1%
48%
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: 26,073 CAD

  • 4.9%Interest Rate x 48 months
  • 599 CAD/month + tax
  • Total Payable: 28,764 CAD
  • Total Interest: 2,692 CAD
  • 8.9%Interest Rate x 48 months
  • 648 CAD/month + tax
  • Total Payable: 31,084 CAD
  • Total Interest: 5,011 CAD
  • 14.9%Interest Rate x 48 months
  • 724 CAD/month + tax
  • Total Payable: 34,766 CAD
  • Total Interest: 8,694 CAD

At the end of the Lease Contract

Residual Value: 25,789 CAD (in 2 months)

  • 4.9%Interest Rate x 48 months
  • 593 CAD/month + tax
  • Total Payable: 28,451 CAD
  • Total Interest: 2,662 CAD
  • 8.9%Interest Rate x 48 months
  • 641 CAD/month + tax
  • Total Payable: 30,746 CAD
  • Total Interest: 4,957 CAD
  • 14.9%Interest Rate x 48 months
  • 716 CAD/month + tax
  • Total Payable: 34,388 CAD
  • Total Interest: 8,599 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)
-28.37
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
Time Analysis
Cost per day: (CAD)
4.66
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
Remaining Km
Can be driven up to:
-115.38
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD

Seller Contact Info

  • Name: Mike
  • Location: Ottawa
  • Date Contract Started:
  • Date Contract Ends:

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Buying a new car that is not a Mercedes but family does not have a need for two cars. Seeing if anyone wants to takeover the lease for the remaining 5 months. If not, will just return car to Mercedes at end of lease.

Front and Rear break pads were recently changed in December 2023. Could drive up to 70500 km.

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