Payment Analysis

706.00CAD/monthin Calgary-Edmonton, AB
    Before Taxes:
  • 706.00 CAD/month
  • 325.85 CAD/bi-weekly
  • 162.92 CAD/week
  • 8,472.00 CAD/year
Incl. Alberta Taxes (5%):
  • 741.30 CAD/month
  • 342.14 CAD/bi-weekly
  • 171.07 CAD/week
  • 8,895.60 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: 11,256 CAD

compared to leasing a BRAND NEW:

  • Tesla Model 3 Standard Plus Rear-Wheel Drive (financed) with the $5,000 incentive applied
  • for 48 months
  • in Alberta
  • $2,500 required down payment
  • 40,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,074
This Contract (CAD/month) 706
Monthly Difference 368 CAD/month
Remaining Term x 17 months
Total Monthly Difference = 6,256 CAD
+ Cash Incentive** (CAD) + 5,000
Total Savings (CAD) = 11,256
** "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: 26,978 CAD
  • Total Vehicle Debt: 54,664 CAD
  • Paid so Far: 22,686 CAD (41% Paid)
  • Remaining Lease Payments: 12,002 CAD
  • Residual Value: 19,976 CAD
  • Cash Incentive: 5,000 CAD
Vehicle Debt & Value
Paid so far: 22,686 CAD Total Vehicle Value: 54,664 CAD
41% Paid
59%
Vehicle Debt Breakdown
Downpayment: 800 CAD Remaining Term: 12,002 CAD
Term Paid so Far: 21,886 CAD Residual Value: 19,976 CAD
1%
40%
22%
37%
Cost to Own
Already Paid: 22,686 CAD (41%)
Cash Incentive: 5,000 CAD Buyout Price Today: 26,978 CAD
41% Paid
9%
50%
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: 26,978 CAD

  • 4.9%Interest Rate x 48 months
  • 620 CAD/month + tax
  • Total Payable: 29,763 CAD
  • Total Interest: 2,785 CAD
  • 8.9%Interest Rate x 48 months
  • 670 CAD/month + tax
  • Total Payable: 32,163 CAD
  • Total Interest: 5,185 CAD
  • 14.9%Interest Rate x 48 months
  • 749 CAD/month + tax
  • Total Payable: 35,974 CAD
  • Total Interest: 8,996 CAD

At the end of the Lease Contract

Residual Value: 19,976 CAD (in 17 months)

  • 4.9%Interest Rate x 48 months
  • 459 CAD/month + tax
  • Total Payable: 22,038 CAD
  • Total Interest: 2,062 CAD
  • 8.9%Interest Rate x 48 months
  • 496 CAD/month + tax
  • Total Payable: 23,815 CAD
  • Total Interest: 3,839 CAD
  • 14.9%Interest Rate x 48 months
  • 555 CAD/month + tax
  • Total Payable: 26,637 CAD
  • Total Interest: 6,661 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)
10.94
  • + tax
  • + fuel
  • + insurance
(inlcuding the 5,000CAD incentive)
  • 18.75CAD/100km (TODAY without the Cash Incentive)
  • 52.95CAD/100km (Original Contract back in Sep, 2021)
Time Analysis
Cost per day: (CAD)
13.54
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 5,000CAD incentive)
  • 23.21CAD/day (Original Contract back in Sep, 2021)
Remaining Km
Can be driven up to:
868.78
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 307.69km/week (Contract Original back in Sep, 2021)

Seller Contact Info

This Contract was Already Transferred.

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