Payment Analysis

540.00CAD/monthin Tobermory, ON
    Before Taxes:
  • 540.00 CAD/month
  • 249.23 CAD/bi-weekly
  • 124.62 CAD/week
  • 6,480.00 CAD/year
Incl. Ontario Taxes (13%):
  • 610.20 CAD/month
  • 281.63 CAD/bi-weekly
  • 140.82 CAD/week
  • 7,322.40 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: 4,144 ~ 5,044 CAD

compared to leasing a BRAND NEW:

  • 2020 Ford F-150 XLT SuperCrew®, 6-1/2' Box, 5.0L V8 Engine with Auto Start/Stop Technology, Electronic Ten-Speed Automatic Transmission with Tow/Haul and Sport Mode, 4X4, 3.31 Non-Limited Slip Axle Ratio
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 692
This Contract (CAD/month) 540
Monthly Difference 152 CAD/month
Remaining Term x 22 months
Total Monthly Difference = 3,344 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,144 ~ 5,044

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,093 CAD
  • Total Vehicle Debt: 48,653 CAD
  • Paid so Far: 7,560 CAD (15% Paid)
  • Remaining Lease Payments: 11,880 CAD
  • Residual Value: 29,213 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,560 CAD Total Vehicle Value: 48,653 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 11,880 CAD
Term Paid so Far: 7,560 CAD Residual Value: 29,213 CAD
0%
15%
24%
61%
Cost to Own
Already Paid: 7,560 CAD (15%)
Cash Incentive: 0 CAD Buyout Price Today: 41,093 CAD
15% Paid
0%
85%
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: 41,093 CAD

  • 4.9%Interest Rate x 48 months
  • 944 CAD/month + tax
  • Total Payable: 45,335 CAD
  • Total Interest: 4,242 CAD
  • 8.9%Interest Rate x 48 months
  • 1,021 CAD/month + tax
  • Total Payable: 48,991 CAD
  • Total Interest: 7,898 CAD
  • 14.9%Interest Rate x 48 months
  • 1,142 CAD/month + tax
  • Total Payable: 54,795 CAD
  • Total Interest: 13,702 CAD

At the end of the Lease Contract

Residual Value: 29,213 CAD (in 22 months)

  • 4.9%Interest Rate x 48 months
  • 671 CAD/month + tax
  • Total Payable: 32,229 CAD
  • Total Interest: 3,016 CAD
  • 8.9%Interest Rate x 48 months
  • 726 CAD/month + tax
  • Total Payable: 34,828 CAD
  • Total Interest: 5,615 CAD
  • 14.9%Interest Rate x 48 months
  • 812 CAD/month + tax
  • Total Payable: 38,954 CAD
  • Total Interest: 9,741 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)
32.90
  • + tax
  • + fuel
  • + insurance
(or 0.33CAD per km)
  • 40.50CAD/100km (Original Contract back in Jun, 2019)
Time Analysis
Cost per day: (CAD)
17.75
  • + tax
  • + insurance
  • + km driven & fuel
(0.15CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
378.77
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 307.69km/week (Contract Original back in Jun, 2019)

Seller Contact Info

This Contract was Already Transferred.

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