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pay 5,500 CAD
Chevrolet Lease Takeover in Sault Ste. Marie: 2021 Chevrolet Colorado ZR2 Crew Cab Automatic AWD ID:#45172
SAVE ~-500 CAD
CAD/month x 4 months
2021 Chevrolet Colorado ZR2 Crew Cab (ID: #45172)
599
Sault Ste.Marie - Surrey, ON
2021 Chevrolet

Colorado ZR2 Crew Cab Automatic AWD w/ Dusk Package + Warranty Complete Term + Wear & Tear Coverage

  • Warranty Complete Term
  • Wear & Tear Coverage
Payment Details
  • Current Payment: 599 CAD/month + tax
  • Required Payment: 5,500 CAD
  • Payment Including Incentive: 1,974 CAD/month + tax
  • Original Downpayment: 442 CAD
  • Residual Value: 37,884 CAD
  • Months to End: 4 months (Oct, 2023)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 16,600 km total
  • Available Now: 130,200 km/year (10,850 per month)
  • Please note that this contract ends in less than a year.
  • Excess Km Cost: 0.16 CAD/km
Deal Special Perks
  • Hot Lease Takeover Deal
  • Large Cash Incentive
  • Large Down Payment
  • All Main Coverages
  • High End Vehicle & Options
  • Lots of FREE Available Km
  • Good Buyout Opportunity
  • Contract Ending Soon
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
Click here to Make an OFFER Ask a QUESTION

Payment Analysis

598.52CAD/monthin Sault Ste.Marie - Surrey, ON
    Before Taxes:
  • 598.52 CAD/month
  • 276.24 CAD/bi-weekly
  • 138.12 CAD/week
  • 7,182.24 CAD/year
Incl. Ontario Taxes (13%):
  • 676.33 CAD/month
  • 312.15 CAD/bi-weekly
  • 156.08 CAD/week
  • 8,115.93 CAD/year

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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: -996 ~ -96 CAD

compared to leasing a BRAND NEW:

  • 2023 Chevrolet COLORADO 4WD Crew Cab, Short Box ZR2
  • for 12 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,524
This Contract (CAD/month) 599
Monthly Difference 926 CAD/month
Remaining Term x 4 months
Total Monthly Difference = 3,704 CAD
- Required Payment** (CAD) - 5,500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = -996 ~ -96
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 45,778 CAD
  • Total Vehicle Debt: 59,873 CAD
  • Paid so Far: 19,595 CAD (32% Paid)
  • Remaining Lease Payments: 2,394 CAD
  • Residual Value: 37,884 CAD
  • Required Payment: 5,500 CAD
Vehicle Debt & Value
Paid so far: 19,595 CAD Total Vehicle Value: 59,873 CAD
32% Paid
68%
Vehicle Debt Breakdown
Downpayment: 442 CAD Remaining Term: 2,394 CAD
Term Paid so Far: 19,153 CAD Residual Value: 37,884 CAD
0%
32%
4%
64%
Cost to Own
Already Paid: 19,595 CAD (32%)
Required Payment: 5,500 CAD (9%)Buyout Price Today: 45,778 CAD
23% Paid
9%
68%
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: 45,778 CAD

  • 4.9%Interest Rate x 48 months
  • 1,052 CAD/month + tax
  • Total Payable: 50,504 CAD
  • Total Interest: 4,726 CAD
  • 8.9%Interest Rate x 48 months
  • 1,137 CAD/month + tax
  • Total Payable: 54,577 CAD
  • Total Interest: 8,799 CAD
  • 14.9%Interest Rate x 48 months
  • 1,272 CAD/month + tax
  • Total Payable: 61,042 CAD
  • Total Interest: 15,264 CAD

At the end of the Lease Contract

Residual Value: 37,884 CAD (in 4 months)

  • 4.9%Interest Rate x 48 months
  • 871 CAD/month + tax
  • Total Payable: 41,795 CAD
  • Total Interest: 3,911 CAD
  • 8.9%Interest Rate x 48 months
  • 941 CAD/month + tax
  • Total Payable: 45,165 CAD
  • Total Interest: 7,281 CAD
  • 14.9%Interest Rate x 48 months
  • 1,052 CAD/month + tax
  • Total Payable: 50,516 CAD
  • Total Interest: 12,632 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)
18.19
  • + tax
  • + fuel
  • + insurance
(inlcuding the 5,500CAD incentive)
  • 5.52CAD/100km (TODAY without the Cash Incentive)
  • 35.91CAD/100km (Original Contract back in Oct, 2020)
Time Analysis
Cost per day: (CAD)
64.88
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 5,500CAD incentive)
  • 19.68CAD/day (Original Contract back in Oct, 2020)
Remaining Km
Can be driven up to:
2,503.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Oct, 2020)

Seller Contact Info

  • Name: Joal
  • Location: Sault Ste.Marie - Surrey, ON
  • Date Contract Started:
  • Date Contract Ends:

Interested on this vehicle?
(We instantly notify owners via Email/SMS)

Click here to Make an OFFER

Low KMs, super clean, basically new. Perfect for someone looking for the cheap residual buyout at lease end. Payments are bi-weekly, but amount showing is the equivalent monthly amount. Bi-weeklys are $312 inclusive of HST.

Truck has no modifications or alterations. Complete stock as purchased. All lease term servicing included in deal and was serviced in accordance with recommended intervals. No accidents or damage.

Vehicle has the "dusk package" which includes black wheels and ZR2 roll bar with lights, black accents (lettering, exhaut tips). Bose premium sound system with Nav/Apple CP/Android Auto. New list was $57,021.

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