This Vehicle is Sold


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Vehicle Photos

Transfer Details

+ 5,000 cash
 Lease Takeover in Milton, ON: 2017 Mitsubishi Outlander GT CVT AWD
SAVE ~10,700 CAD
CAD/month x 24 months
2017 Mitsubishi Outlander GT AWD (ID: #4318)
560
Milton, ON
2017 Mitsubishi

Outlander GT AWD CVT AWD w/ protection package of worth $1600

  • Winter Tires Included
Payment Details
  • Current Payment: 560 CAD/month + tax
  • Cash Incentive: 5,000 CAD
  • Payment After Incentive: 352 CAD/month + tax
  • Original Downpayment: 1,000 CAD
  • Residual Value: 15,000 CAD
  • Months to End: 24 months (May, 2022)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 45,200 km total
  • Available Now: 27,400 km/year (2,283 per month)
  • Excess Km Cost: 0.12 CAD/km

Payment Analysis

560.10CAD/monthin Milton, ON
    Before Taxes:
  • 560.10 CAD/month
  • 258.51 CAD/bi-weekly
  • 129.25 CAD/week
  • 6,721.20 CAD/year
Incl. Ontario Taxes (13%):
  • 632.91 CAD/month
  • 292.11 CAD/bi-weekly
  • 146.06 CAD/week
  • 7,594.96 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: 10,528 ~ 10,928 CAD

compared to leasing a BRAND NEW:

  • Mitsubishi Outlander GT
  • for 30 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 757
This Contract (CAD/month) 560
Monthly Difference 197 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 4,728 CAD
+ Cash Incentive** (CAD) + 5,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 10,528 ~ 10,928
** "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: 23,442 CAD
  • Total Vehicle Debt: 49,606 CAD
  • Paid so Far: 21,164 CAD (42% Paid)
  • Remaining Lease Payments: 13,442 CAD
  • Residual Value: 15,000 CAD
  • Cash Incentive: 5,000 CAD
Vehicle Debt & Value
Paid so far: 21,164 CAD Total Vehicle Value: 49,606 CAD
42% Paid
58%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 13,442 CAD
Term Paid so Far: 20,164 CAD Residual Value: 15,000 CAD
1%
41%
27%
31%
Cost to Own
Already Paid: 21,164 CAD (42%)
Cash Incentive: 5,000 CAD Buyout Price Today: 23,442 CAD
42% Paid
10%
48%
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: 23,442 CAD

  • 4.9%Interest Rate x 48 months
  • 539 CAD/month + tax
  • Total Payable: 25,862 CAD
  • Total Interest: 2,420 CAD
  • 8.9%Interest Rate x 48 months
  • 582 CAD/month + tax
  • Total Payable: 27,948 CAD
  • Total Interest: 4,506 CAD
  • 14.9%Interest Rate x 48 months
  • 651 CAD/month + tax
  • Total Payable: 31,259 CAD
  • Total Interest: 7,817 CAD

At the end of the Lease Contract

Residual Value: 15,000 CAD (in 24 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)
15.41
  • + tax
  • + fuel
  • + insurance
(inlcuding the 5,000CAD incentive)
  • 24.53CAD/100km (TODAY without the Cash Incentive)
  • 33.61CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
11.56
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 5,000CAD incentive)
  • 18.41CAD/day (Original Contract back in May, 2017)
Remaining Km
Can be driven up to:
526.92
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in May, 2017)

Seller Contact Info

This Contract was Already Transferred.