This Vehicle is Sold


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Vehicle Photos

Transfer Details

lease-takeover-2020- sierra-automatic-2wd-prince albert-saskatchewan.
SAVE ~13,500 CAD
CAD/month x 22 months
2020 GMC Sierra 1500 Crew Cab 4WD, 2.7L turbo (ID: #36996)
500
Prince Albert, SK
2020 GMC

Sierra 1500 Crew Cab 4WD, 2.7L turbo Automatic AWD w/ Warranty Complete Term + Wear & Tear Coverage + Winter Tires Included

  • Warranty Complete Term
  • Wear & Tear Coverage
  • Winter Tires Included
Payment Details
  • Current Payment: 500 CAD/month + tax
  • Original Downpayment: 3,153 CAD
  • Residual Value: 25,466 CAD
  • Months to End: 22 months (Jul, 2024)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 35,505 km total
  • Available Now: 24,270 km/year (2,023 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
  • Good Buyout Opportunity
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
SOLD/TRANSFERRED

Payment Analysis

500.00CAD/monthin Prince Albert, SK
    Before Taxes:
  • 500.00 CAD/month
  • 230.77 CAD/bi-weekly
  • 115.38 CAD/week
  • 6,000.00 CAD/year
Incl. Saskatchewan Taxes (11%):
  • 555.00 CAD/month
  • 256.15 CAD/bi-weekly
  • 128.08 CAD/week
  • 6,660.00 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: 12,864 ~ 14,164 CAD

compared to leasing a BRAND NEW:

  • GMC SIERRA 1500 LTD 2WD CREW CAB
  • for 24 months
  • in SK
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,012
This Contract (CAD/month) 500
Monthly Difference 512 CAD/month
Remaining Term x 22 months
Total Monthly Difference = 11,264 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 12,864 ~ 14,164

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 36,466 CAD
  • Total Vehicle Debt: 52,619 CAD
  • Paid so Far: 16,153 CAD (30% Paid)
  • Remaining Lease Payments: 11,000 CAD
  • Residual Value: 25,466 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 16,153 CAD Total Vehicle Value: 52,619 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 3,153 CAD Remaining Term: 11,000 CAD
Term Paid so Far: 13,000 CAD Residual Value: 25,466 CAD
5%
25%
21%
49%
Cost to Own
Already Paid: 16,153 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 36,466 CAD
30% Paid
0%
70%
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: 36,466 CAD

  • 4.9%Interest Rate x 48 months
  • 838 CAD/month + tax
  • Total Payable: 40,230 CAD
  • Total Interest: 3,764 CAD
  • 8.9%Interest Rate x 48 months
  • 906 CAD/month + tax
  • Total Payable: 43,475 CAD
  • Total Interest: 7,009 CAD
  • 14.9%Interest Rate x 48 months
  • 1,013 CAD/month + tax
  • Total Payable: 48,625 CAD
  • Total Interest: 12,159 CAD

At the end of the Lease Contract

Residual Value: 25,466 CAD (in 22 months)

  • 4.9%Interest Rate x 48 months
  • 585 CAD/month + tax
  • Total Payable: 28,095 CAD
  • Total Interest: 2,629 CAD
  • 8.9%Interest Rate x 48 months
  • 633 CAD/month + tax
  • Total Payable: 30,361 CAD
  • Total Interest: 4,895 CAD
  • 14.9%Interest Rate x 48 months
  • 707 CAD/month + tax
  • Total Payable: 33,957 CAD
  • Total Interest: 8,491 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)
24.72
  • + tax
  • + fuel
  • + insurance
(or 0.25CAD per km)
  • 30.00CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
16.44
  • + tax
  • + insurance
  • + km driven & fuel
(0.15CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
466.73
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Jul, 2020)

Seller Contact Info

This Contract was Already Transferred.