Payment Analysis

1,081.00CAD/monthin Ottawa, ON
    Before Taxes:
  • 1,081.00 CAD/month
  • 498.92 CAD/bi-weekly
  • 249.46 CAD/week
  • 12,972.00 CAD/year
Incl. Ontario Taxes (13%):
  • 1,221.53 CAD/month
  • 563.78 CAD/bi-weekly
  • 281.89 CAD/week
  • 14,658.36 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: 5,676 ~ 6,076 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze SILVERADO 3500HD 4WD CREW CAB, LONG BED LTZ DUAL REAR WHEEL
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,293
This Contract (CAD/month) 1,081
Monthly Difference 212 CAD/month
Remaining Term x 23 months
Total Monthly Difference = 4,876 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 5,676 ~ 6,076

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 29,863 CAD
  • Total Vehicle Debt: 69,860 CAD
  • Paid so Far: 39,997 CAD (57% Paid)
  • Remaining Lease Payments: 24,863 CAD
  • Residual Value: 5,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 39,997 CAD Total Vehicle Value: 69,860 CAD
57% Paid
43%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 24,863 CAD
Term Paid so Far: 39,997 CAD Residual Value: 5,000 CAD
0%
57%
35%
8%
Cost to Own
Already Paid: 39,997 CAD (57%)
Cash Incentive: 0 CAD Buyout Price Today: 29,863 CAD
57% Paid
0%
43%
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: 29,863 CAD

  • 4.9%Interest Rate x 48 months
  • 686 CAD/month + tax
  • Total Payable: 32,946 CAD
  • Total Interest: 3,083 CAD
  • 8.9%Interest Rate x 48 months
  • 742 CAD/month + tax
  • Total Payable: 35,603 CAD
  • Total Interest: 5,740 CAD
  • 14.9%Interest Rate x 48 months
  • 830 CAD/month + tax
  • Total Payable: 39,821 CAD
  • Total Interest: 9,958 CAD

At the end of the Lease Contract

Residual Value: 5,000 CAD (in 23 months)

  • 4.9%Interest Rate x 48 months
  • 115 CAD/month + tax
  • Total Payable: 5,516 CAD
  • Total Interest: 516 CAD
  • 8.9%Interest Rate x 48 months
  • 124 CAD/month + tax
  • Total Payable: 5,961 CAD
  • Total Interest: 961 CAD
  • 14.9%Interest Rate x 48 months
  • 139 CAD/month + tax
  • Total Payable: 6,667 CAD
  • Total Interest: 1,667 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)
14.21
  • + tax
  • + fuel
  • + insurance
(or 0.14CAD per km)
  • 19.96CAD/100km (Original Contract back in Jun, 2017)
Time Analysis
Cost per day: (CAD)
35.54
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,755.85
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 1,250.00km/week (Contract Original back in Jun, 2017)

Seller Contact Info

This Contract was Already Transferred.

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