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:
26,007 ~ 27,307 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 39 months |
| Total Monthly Difference | = 23,127 CAD |
| + Cash Incentive** (CAD) | + 1,280 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 26,007 ~ 27,307 |
| ** "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:
44,680 CAD
- Total Vehicle Debt: 80,760 CAD
- Paid so Far: 34,800 CAD (43% Paid)
- Remaining Lease Payments: 24,960 CAD
- Residual Value: 21,000 CAD
- Cash Incentive: 1,280 CAD
Vehicle Debt & Value
Paid so far: 34,800 CAD Total Vehicle Value: 80,760 CAD
Vehicle Debt Breakdown
Downpayment: 6,000 CAD Remaining Term: 24,960 CAD
Term Paid so Far: 28,800 CAD Residual Value: 21,000 CAD
Cost to Own
Already Paid: 34,800 CAD (43%)
Cash Incentive: 1,280 CAD Buyout Price Today: 44,680 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: 44,680 CAD
- 4.9%Interest Rate x 48 months
- 1,027 CAD/month + tax
- Total Payable: 49,292 CAD
- Total Interest: 4,612 CAD
- 8.9%Interest Rate x 48 months
- 1,110 CAD/month + tax
- Total Payable: 53,268 CAD
- Total Interest: 8,588 CAD
- 14.9%Interest Rate x 48 months
- 1,241 CAD/month + tax
- Total Payable: 59,578 CAD
- Total Interest: 14,898 CAD
At the end of the Lease Contract
Residual Value: 21,000 CAD (in 39 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)
15.28
- + tax
- + fuel
- + insurance
- 16.10CAD/100km (TODAY without the Cash Incentive)
- 19.20CAD/100km (Original Contract back in Apr, 2015)
Time Analysis
Cost per day: (CAD)
19.96
- + tax
- + insurance
- + km driven & fuel
- 21.04CAD/day (Original Contract back in Apr, 2015)
Remaining Km
Can be driven up to:
917.16
- 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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