This Vehicle is Sold
Although this vehicle is sold, you can set up an email alert to get immediate notifications once a similar one gets listed in the marketplace:
Vehicle Photos
Transfer Details
+ 5,000 cash
SAVE ~10,500 CAD
CAD/month x 23 months
Transferred/Sold
2017 Mitsubishi Outlander GT AWD (ID: #4318)
560
Milton, ON
2017 Mitsubishi
Outlander GT AWD CVT AWD w/ protection package of worth $1600
Payment Details
- Current Payment: 560 CAD/month + tax
- Cash Incentive: 5,000 CAD
- Payment After Incentive: 343 CAD/month + tax
- Original Downpayment: 1,000 CAD
- Residual Value: 15,000 CAD
- Months to End: 23 months (May, 2022)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 45,200 km total
- Available Now: 28,591 km/year (2,383 per month)
- Excess Km Cost: 0.12 CAD/km
Payment Analysis
560.10CAD/monthin Milton, ON
- 560.10 CAD/month
- 258.51 CAD/bi-weekly
- 129.25 CAD/week
- 6,721.20 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 632.91 CAD/month
- 292.11 CAD/bi-weekly
- 146.06 CAD/week
- 7,594.96 CAD/year
Estimate Insurance Costs
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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:
10,331 ~ 10,731 CAD
compared to leasing a BRAND NEW:
- Mitsubishi Outlander GT
- for 30 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 757 |
|---|---|
| This Contract (CAD/month) | 560 |
| Monthly Difference | 197 CAD/month |
| Remaining Term | x 23 months |
| Total Monthly Difference | = 4,531 CAD |
| + Cash Incentive** (CAD) | + 5,000 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 10,331 ~ 10,731 |
| ** "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:
22,882 CAD
- Total Vehicle Debt: 49,606 CAD
- Paid so Far: 21,724 CAD (43% Paid)
- Remaining Lease Payments: 12,882 CAD
- Residual Value: 15,000 CAD
- Cash Incentive: 5,000 CAD
Vehicle Debt & Value
Paid so far: 21,724 CAD Total Vehicle Value: 49,606 CAD
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 12,882 CAD
Term Paid so Far: 20,724 CAD Residual Value: 15,000 CAD
Cost to Own
Already Paid: 21,724 CAD (43%)
Cash Incentive: 5,000 CAD Buyout Price Today: 22,882 CAD
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: 22,882 CAD
- 4.9%Interest Rate x 48 months
- 526 CAD/month + tax
- Total Payable: 25,245 CAD
- Total Interest: 2,362 CAD
- 8.9%Interest Rate x 48 months
- 568 CAD/month + tax
- Total Payable: 27,280 CAD
- Total Interest: 4,398 CAD
- 14.9%Interest Rate x 48 months
- 636 CAD/month + tax
- Total Payable: 30,512 CAD
- Total Interest: 7,630 CAD
At the end of the Lease Contract
Residual Value: 15,000 CAD (in 23 months)
- 4.9%Interest Rate x 48 months
- 345 CAD/month + tax
- Total Payable: 16,548 CAD
- Total Interest: 1,548 CAD
- 8.9%Interest Rate x 48 months
- 373 CAD/month + tax
- Total Payable: 17,883 CAD
- Total Interest: 2,883 CAD
- 14.9%Interest Rate x 48 months
- 417 CAD/month + tax
- Total Payable: 20,002 CAD
- Total Interest: 5,002 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)
14.38
- + tax
- + fuel
- + insurance
- 23.51CAD/100km (TODAY without the Cash Incentive)
- 33.61CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
11.27
- + tax
- + insurance
- + km driven & fuel
- 18.41CAD/day (Original Contract back in May, 2017)
Remaining Km
Can be driven up to:
549.83
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2017)
