Payment Analysis

231.76CAD/monthin Toronto, ON
    Before Taxes:
  • 231.76 CAD/month
  • 106.97 CAD/bi-weekly
  • 53.48 CAD/week
  • 2,781.12 CAD/year
Incl. Ontario Taxes (13%):
  • 261.89 CAD/month
  • 120.87 CAD/bi-weekly
  • 60.44 CAD/week
  • 3,142.67 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: 3,438 CAD

compared to leasing a BRAND NEW:

  • SPARK FWD 2LT CVT (the Chevrolet Cruze has been discontinued)
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 422
This Contract (CAD/month) 232
Monthly Difference 191 CAD/month
Remaining Term x 18 months
Total Monthly Difference = 3,438 CAD
Total Savings (CAD) = 3,438

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 12,034 CAD
  • Total Vehicle Debt: 20,083 CAD
  • Paid so Far: 8,048 CAD (40% Paid)
  • Remaining Lease Payments: 4,172 CAD
  • Residual Value: 7,862 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,048 CAD Total Vehicle Value: 20,083 CAD
40% Paid
60%
Vehicle Debt Breakdown
Downpayment: 1,327 CAD Remaining Term: 4,172 CAD
Term Paid so Far: 6,721 CAD Residual Value: 7,862 CAD
6%
34%
20%
40%
Cost to Own
Already Paid: 8,048 CAD (40%)
Cash Incentive: 0 CAD Buyout Price Today: 12,034 CAD
40% Paid
0%
60%
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: 12,034 CAD

  • 4.9%Interest Rate x 48 months
  • 277 CAD/month + tax
  • Total Payable: 13,276 CAD
  • Total Interest: 1,242 CAD
  • 8.9%Interest Rate x 48 months
  • 299 CAD/month + tax
  • Total Payable: 14,347 CAD
  • Total Interest: 2,313 CAD
  • 14.9%Interest Rate x 48 months
  • 334 CAD/month + tax
  • Total Payable: 16,047 CAD
  • Total Interest: 4,013 CAD

At the end of the Lease Contract

Residual Value: 7,862 CAD (in 18 months)

  • 4.9%Interest Rate x 48 months
  • 181 CAD/month + tax
  • Total Payable: 8,674 CAD
  • Total Interest: 812 CAD
  • 8.9%Interest Rate x 48 months
  • 195 CAD/month + tax
  • Total Payable: 9,374 CAD
  • Total Interest: 1,511 CAD
  • 14.9%Interest Rate x 48 months
  • 218 CAD/month + tax
  • Total Payable: 10,484 CAD
  • Total Interest: 2,622 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)
8.88
  • + tax
  • + fuel
  • + insurance
(or 0.09CAD per km)
  • 11.59CAD/100km (Original Contract back in Sep, 2018)
Time Analysis
Cost per day: (CAD)
7.62
  • + tax
  • + insurance
  • + km driven & fuel
(0.18CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
602.56
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 461.54km/week (Contract Original back in Sep, 2018)

Seller Contact Info

This Contract was Already Transferred.

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