Payment Analysis
434.25CAD/monthin Kenora or Winnipeg, MB
- 434.25 CAD/month
- 200.42 CAD/bi-weekly
- 100.21 CAD/week
- 5,211.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 490.70 CAD/month
- 226.48 CAD/bi-weekly
- 113.24 CAD/week
- 5,888.43 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:
3,712 CAD
compared to leasing a BRAND NEW:
- Chevrolet Cruze LT
- for 60 months
- in MB
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 547 |
|---|---|
| This Contract (CAD/month) | 434 |
| Monthly Difference | 113 CAD/month |
| Remaining Term | x 24 months |
| Total Monthly Difference | = 2,712 CAD |
| + Cash Incentive** (CAD) | + 1,000 |
| Total Savings (CAD) | = 3,712 |
| ** "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:
12,463 CAD
- Total Vehicle Debt: 33,873 CAD
- Paid so Far: 20,410 CAD (60% Paid)
- Remaining Lease Payments: 10,422 CAD
- Residual Value: 3,041 CAD
- Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 20,410 CAD Total Vehicle Value: 33,873 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 10,422 CAD
Term Paid so Far: 20,410 CAD Residual Value: 3,041 CAD
Cost to Own
Already Paid: 20,410 CAD (60%)
Cash Incentive: 1,000 CAD Buyout Price Today: 12,463 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: 12,463 CAD
- 4.9%Interest Rate x 48 months
- 286 CAD/month + tax
- Total Payable: 13,750 CAD
- Total Interest: 1,287 CAD
- 8.9%Interest Rate x 48 months
- 310 CAD/month + tax
- Total Payable: 14,859 CAD
- Total Interest: 2,395 CAD
- 14.9%Interest Rate x 48 months
- 346 CAD/month + tax
- Total Payable: 16,619 CAD
- Total Interest: 4,156 CAD
At the end of the Lease Contract
Residual Value: 3,041 CAD (in 24 months)
- 4.9%Interest Rate x 48 months
- 70 CAD/month + tax
- Total Payable: 3,355 CAD
- Total Interest: 314 CAD
- 8.9%Interest Rate x 48 months
- 76 CAD/month + tax
- Total Payable: 3,626 CAD
- Total Interest: 585 CAD
- 14.9%Interest Rate x 48 months
- 84 CAD/month + tax
- Total Payable: 4,055 CAD
- Total Interest: 1,014 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)
11.77
- + tax
- + fuel
- + insurance
- 13.02CAD/100km (TODAY without the Cash Incentive)
- 20.84CAD/100km (Original Contract back in Jun, 2020)
Time Analysis
Cost per day: (CAD)
12.91
- + tax
- + insurance
- + km driven & fuel
- 14.28CAD/day (Original Contract back in Jun, 2020)
Remaining Km
Can be driven up to:
769.68
- km/week
- without any
- additional costs
- 480.77km/week (Contract Original back in Jun, 2020)
