Vehicle Photos

Transfer Details

+ 3,000 cash
Ford Lease Takeover in Markham: 2020 Ford Explorer Limited Automatic AWD ID:#29007
SAVE ~6,800 CAD
CAD/month x 37 months
2020 Ford Explorer Limited (ID: #29007)
707
Markham, ONCarFax Canada Accident Report
2020 Ford

Explorer Limited Automatic AWD w/ Warranty Complete Term + Wear & Tear Coverage

View CarFax Canada Report

  • Warranty Complete Term
  • Wear & Tear Coverage
Payment Details
  • Current Payment: 707 CAD/month + tax
  • Cash Incentive: 3,000 CAD
  • Payment After Incentive: 626 CAD/month + tax
  • Original Downpayment: 350 CAD
  • Residual Value: 23,435 CAD
  • Months to End: 37 months (Aug, 2024)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 24,000 km total
  • Available Now: 17,622 km/year (1,468 per month)
  • 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
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

707.00CAD/monthin Markham, ON
    Before Taxes:
  • 707.00 CAD/month
  • 326.31 CAD/bi-weekly
  • 163.15 CAD/week
  • 8,484.00 CAD/year
Incl. Ontario Taxes (13%):
  • 798.91 CAD/month
  • 368.73 CAD/bi-weekly
  • 184.36 CAD/week
  • 9,586.92 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: 6,390 ~ 7,290 CAD

compared to leasing a BRAND NEW:

  • Ford EXPLORER LIMITED
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 777
This Contract (CAD/month) 707
Monthly Difference 70 CAD/month
Remaining Term x 37 months
Total Monthly Difference = 2,590 CAD
+ Cash Incentive** (CAD) + 3,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 6,390 ~ 7,290
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 46,594 CAD
  • Total Vehicle Debt: 57,014 CAD
  • Paid so Far: 7,420 CAD (13% Paid)
  • Remaining Lease Payments: 26,159 CAD
  • Residual Value: 23,435 CAD
  • Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 7,420 CAD Total Vehicle Value: 57,014 CAD
13% Paid
87%
Vehicle Debt Breakdown
Downpayment: 350 CAD Remaining Term: 26,159 CAD
Term Paid so Far: 7,070 CAD Residual Value: 23,435 CAD
0%
13%
45%
42%
Cost to Own
Already Paid: 7,420 CAD (13%)
Cash Incentive: 3,000 CAD Buyout Price Today: 46,594 CAD
13% Paid
5%
82%
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: 46,594 CAD

  • 4.9%Interest Rate x 48 months
  • 1,071 CAD/month + tax
  • Total Payable: 51,404 CAD
  • Total Interest: 4,810 CAD
  • 8.9%Interest Rate x 48 months
  • 1,157 CAD/month + tax
  • Total Payable: 55,549 CAD
  • Total Interest: 8,955 CAD
  • 14.9%Interest Rate x 48 months
  • 1,294 CAD/month + tax
  • Total Payable: 62,130 CAD
  • Total Interest: 15,536 CAD

At the end of the Lease Contract

Residual Value: 23,435 CAD (in 37 months)

  • 4.9%Interest Rate x 48 months
  • 539 CAD/month + tax
  • Total Payable: 25,854 CAD
  • Total Interest: 2,419 CAD
  • 8.9%Interest Rate x 48 months
  • 582 CAD/month + tax
  • Total Payable: 27,939 CAD
  • Total Interest: 4,504 CAD
  • 14.9%Interest Rate x 48 months
  • 651 CAD/month + tax
  • Total Payable: 31,249 CAD
  • Total Interest: 7,814 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)
42.62
  • + tax
  • + fuel
  • + insurance
(inlcuding the 3,000CAD incentive)
Time Analysis
Cost per day: (CAD)
20.58
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 3,000CAD incentive)
Remaining Km
Can be driven up to:
338.88
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD

Seller Contact Info

  • Name: Hang Qi
  • Location: Markham, ON
  • Date Contract Started:
  • Date Contract Ends:

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

Click here to Make an OFFER

No accident. In perfect condition. Warranty completed at original dealer.
6 seats, 2-2-2 layout

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