Payment Analysis
640.00CAD/monthin Toronto, ON
- 640.00 CAD/month
- 295.38 CAD/bi-weekly
- 147.69 CAD/week
- 7,680.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 723.20 CAD/month
- 333.78 CAD/bi-weekly
- 166.89 CAD/week
- 8,678.40 CAD/year
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:
16,519 ~ 17,819 CAD
compared to leasing a BRAND NEW:
- RAM 1500 SPORT
- for 24 months
- in Ontario
- $0 down payment
- 24,000 km/year
Leasing New (CAD/month) | 1,233 |
---|---|
This Contract (CAD/month) | 640 |
Monthly Difference | 593 CAD/month |
Remaining Term | x 23 months |
Total Monthly Difference | = 13,639 CAD |
+ Cash Incentive** (CAD) | + 1,280 |
+ Winter Tires Cost (CAD) | + 800 ~ 1,200 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 16,519 ~ 17,819 |
** "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:
34,440 CAD
- Total Vehicle Debt: 80,760 CAD
- Paid so Far: 45,040 CAD (55% Paid)
- Remaining Lease Payments: 14,720 CAD
- Residual Value: 21,000 CAD
- Cash Incentive: 1,280 CAD
Vehicle Debt & Value
Paid so far: 45,040 CAD Total Vehicle Value: 80,760 CAD
Vehicle Debt Breakdown
Downpayment: 6,000 CAD Remaining Term: 14,720 CAD
Term Paid so Far: 39,040 CAD Residual Value: 21,000 CAD
Cost to Own
Already Paid: 45,040 CAD (55%)
Cash Incentive: 1,280 CAD Buyout Price Today: 34,440 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: 34,440 CAD
- 4.9%Interest Rate x 48 months
- 792 CAD/month + tax
- Total Payable: 37,995 CAD
- Total Interest: 3,555 CAD
- 8.9%Interest Rate x 48 months
- 855 CAD/month + tax
- Total Payable: 41,060 CAD
- Total Interest: 6,620 CAD
- 14.9%Interest Rate x 48 months
- 957 CAD/month + tax
- Total Payable: 45,924 CAD
- Total Interest: 11,484 CAD
At the end of the Lease Contract
Residual Value: 21,000 CAD (in 23 months)
- 4.9%Interest Rate x 48 months
- 483 CAD/month + tax
- Total Payable: 23,168 CAD
- Total Interest: 2,168 CAD
- 8.9%Interest Rate x 48 months
- 522 CAD/month + tax
- Total Payable: 25,036 CAD
- Total Interest: 4,036 CAD
- 14.9%Interest Rate x 48 months
- 583 CAD/month + tax
- Total Payable: 28,002 CAD
- Total Interest: 7,002 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)
8.67
- + tax
- + fuel
- + insurance
- 9.50CAD/100km (TODAY without the Cash Incentive)
- 19.20CAD/100km (Original Contract back in Apr, 2015)
Time Analysis
Cost per day: (CAD)
19.21
- + tax
- + insurance
- + km driven & fuel
- 21.04CAD/day (Original Contract back in Apr, 2015)
Remaining Km
Can be driven up to:
1,555.18
- km/week
- without any
- additional costs
- 769.23km/week (Contract Original back in Apr, 2015)
Seller Contact Info
This Contract was Already Transferred.
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