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:
27,193 ~ 28,493 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 41 months |
| Total Monthly Difference | = 24,313 CAD |
| + Cash Incentive** (CAD) | + 1,280 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 27,193 ~ 28,493 |
| ** "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:
45,960 CAD
- Total Vehicle Debt: 80,760 CAD
- Paid so Far: 33,520 CAD (41% Paid)
- Remaining Lease Payments: 26,240 CAD
- Residual Value: 21,000 CAD
- Cash Incentive: 1,280 CAD
Vehicle Debt & Value
Paid so far: 33,520 CAD Total Vehicle Value: 80,760 CAD
Vehicle Debt Breakdown
Downpayment: 6,000 CAD Remaining Term: 26,240 CAD
Term Paid so Far: 27,520 CAD Residual Value: 21,000 CAD
Cost to Own
Already Paid: 33,520 CAD (41%)
Cash Incentive: 1,280 CAD Buyout Price Today: 45,960 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: 45,960 CAD
- 4.9%Interest Rate x 48 months
- 1,056 CAD/month + tax
- Total Payable: 50,705 CAD
- Total Interest: 4,745 CAD
- 8.9%Interest Rate x 48 months
- 1,142 CAD/month + tax
- Total Payable: 54,794 CAD
- Total Interest: 8,834 CAD
- 14.9%Interest Rate x 48 months
- 1,277 CAD/month + tax
- Total Payable: 61,285 CAD
- Total Interest: 15,325 CAD
At the end of the Lease Contract
Residual Value: 21,000 CAD (in 41 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)
16.10
- + tax
- + fuel
- + insurance
- 16.93CAD/100km (TODAY without the Cash Incentive)
- 19.20CAD/100km (Original Contract back in Apr, 2015)
Time Analysis
Cost per day: (CAD)
20.01
- + tax
- + insurance
- + km driven & fuel
- 21.04CAD/day (Original Contract back in Apr, 2015)
Remaining Km
Can be driven up to:
872.42
- 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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