Payment Analysis

749.62CAD/monthin Richmond Hill, ON
    Before Taxes:
  • 749.62 CAD/month
  • 345.98 CAD/bi-weekly
  • 172.99 CAD/week
  • 8,995.44 CAD/year
Incl. Ontario Taxes (13%):
  • 847.07 CAD/month
  • 390.96 CAD/bi-weekly
  • 195.48 CAD/week
  • 10,164.85 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: 29,079 CAD
  • Total Vehicle Debt: 62,314 CAD
  • Paid so Far: 30,734 CAD (49% Paid)
  • Remaining Lease Payments: 5,247 CAD
  • Residual Value: 26,332 CAD
  • Cash Incentive: 2,500 CAD
Vehicle Debt & Value
Paid so far: 30,734 CAD Total Vehicle Value: 62,314 CAD
49% Paid
51%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 5,247 CAD
Term Paid so Far: 30,734 CAD Residual Value: 26,332 CAD
0%
49%
8%
43%
Cost to Own
Already Paid: 30,734 CAD (49%)
Cash Incentive: 2,500 CAD Buyout Price Today: 29,079 CAD
49% Paid
4%
47%
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: 29,079 CAD

  • 4.9%Interest Rate x 48 months
  • 668 CAD/month + tax
  • Total Payable: 32,081 CAD
  • Total Interest: 3,002 CAD
  • 8.9%Interest Rate x 48 months
  • 722 CAD/month + tax
  • Total Payable: 34,668 CAD
  • Total Interest: 5,589 CAD
  • 14.9%Interest Rate x 48 months
  • 808 CAD/month + tax
  • Total Payable: 38,775 CAD
  • Total Interest: 9,696 CAD

At the end of the Lease Contract

Residual Value: 26,332 CAD (in 7 months)

  • 4.9%Interest Rate x 48 months
  • 605 CAD/month + tax
  • Total Payable: 29,050 CAD
  • Total Interest: 2,718 CAD
  • 8.9%Interest Rate x 48 months
  • 654 CAD/month + tax
  • Total Payable: 31,393 CAD
  • Total Interest: 5,061 CAD
  • 14.9%Interest Rate x 48 months
  • 731 CAD/month + tax
  • Total Payable: 35,112 CAD
  • Total Interest: 8,780 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)
-18.07
  • + tax
  • + fuel
  • + insurance
(inlcuding the 2,500CAD incentive)
Time Analysis
Cost per day: (CAD)
12.90
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 2,500CAD incentive)
Remaining Km
Can be driven up to:
-501.10
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD

Seller Contact Info

  • Name: Bryce
  • Location: Richmond Hill, ON
  • Date Contract Started:
  • Date Contract Ends:

Interested on this vehicle?
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PLEASE PLEASE read the following information carefully before approaching. Thank you! Though this car passes allowance but it has very low monthly payment and I gave high cash incentive!

Basic car info:
Premium Package Enhanced
Excess Wear and Use Protection
Exterior color: Mineral White Metallic

Car is well maintained, free of any accident. A few cosmetic scratches only. The contract mileage is finished. But the lease agreement I signed was way cheaper than similar lease contract at that time for a X3 with enhanced premium package.

Boring math details: As of Nov 11, there are only 7 payments left ($5929.49 in total, last payment will be on 2025-05-28), and there will be $1599+HST lease transfer fee charged to you by BMW dealership. Since my mileage is now 95200, it will be about $2576 fine for the extra mileage I have driven (the contract allows $80000 for free in four years, and extra cost is 0.15$/km+HST). However the main benefit you have is, if you trade it in in the end of lease contract and lease a new car from dealership, you can request to waive all over mileage cost and the dealership will likely accept it. And my monthly lease is only $749.62+HST which is much lower than what you can get currently (it is about 1000 a month plus tax for exactly the same trim) so this can saves you around $2000 for the next 7 months compared to leasing a new X3. I also paid for the excess wear and use protection so it is worry-free when you return the lease. I can also give you my set of winter tires for free (a couple hundred dollars value).

Please do the math and we can talk.

It is perfect for someone who needs a Luxury SUV for a few month and does not drive that much (Or someone who wants to buy out the car in the end to avoid any penalty. It is the best solution because those cash incentive you can get is a huge discount on the residual value buy out cost). It will come with a set of winter tires.

Lease take over fees and all possible fees generated in the lease transfer process will be paid by the new owner.

I bought a Tesla and it becomes our family's main drive. The 2nd car (this X3) is very handy for my family members but if someone wants to take over the lease, it could also be a win-win for both parties then I decided to listed it.

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