Payment Analysis

225.57CAD/monthin Calgary, AB
    Before Taxes:
  • 225.57 CAD/month
  • 104.11 CAD/bi-weekly
  • 52.05 CAD/week
  • 2,706.84 CAD/year
Incl. Alberta Taxes (5%):
  • 236.85 CAD/month
  • 109.31 CAD/bi-weekly
  • 54.66 CAD/week
  • 2,842.18 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: 3,242 ~ 3,642 CAD

compared to leasing a BRAND NEW:

  • SPARK FWD LS CVT
  • for 24 months
  • in Alberta
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 447
This Contract (CAD/month) 226
Monthly Difference 222 CAD/month
Remaining Term x 11 months
Total Monthly Difference = 2,442 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 3,242 ~ 3,642

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 16,281 CAD
  • Total Vehicle Debt: 24,627 CAD
  • Paid so Far: 8,346 CAD (33% Paid)
  • Remaining Lease Payments: 2,481 CAD
  • Residual Value: 13,800 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,346 CAD Total Vehicle Value: 24,627 CAD
33% Paid
67%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 2,481 CAD
Term Paid so Far: 8,346 CAD Residual Value: 13,800 CAD
0%
33%
10%
57%
Cost to Own
Already Paid: 8,346 CAD (33%)
Cash Incentive: 0 CAD Buyout Price Today: 16,281 CAD
33% Paid
0%
67%
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: 16,281 CAD

  • 4.9%Interest Rate x 48 months
  • 374 CAD/month + tax
  • Total Payable: 17,962 CAD
  • Total Interest: 1,681 CAD
  • 8.9%Interest Rate x 48 months
  • 404 CAD/month + tax
  • Total Payable: 19,411 CAD
  • Total Interest: 3,129 CAD
  • 14.9%Interest Rate x 48 months
  • 452 CAD/month + tax
  • Total Payable: 21,710 CAD
  • Total Interest: 5,429 CAD

At the end of the Lease Contract

Residual Value: 13,800 CAD (in 11 months)

  • 4.9%Interest Rate x 48 months
  • 317 CAD/month + tax
  • Total Payable: 15,225 CAD
  • Total Interest: 1,425 CAD
  • 8.9%Interest Rate x 48 months
  • 343 CAD/month + tax
  • Total Payable: 16,452 CAD
  • Total Interest: 2,652 CAD
  • 14.9%Interest Rate x 48 months
  • 383 CAD/month + tax
  • Total Payable: 18,402 CAD
  • Total Interest: 4,602 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)
3.33
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 11.28CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
7.42
  • + tax
  • + insurance
  • + km driven & fuel
(0.30CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,565.03
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 461.54km/week (Contract Original back in May, 2019)

Seller Contact Info

This Contract was Already Transferred.

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