Payment Analysis

500.00CAD/monthin Ottawa, ON
    Before Taxes:
  • 500.00 CAD/month
  • 230.77 CAD/bi-weekly
  • 115.38 CAD/week
  • 6,000.00 CAD/year
Incl. Ontario Taxes (13%):
  • 565.00 CAD/month
  • 260.77 CAD/bi-weekly
  • 130.38 CAD/week
  • 6,780.00 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: 1,070 CAD

compared to leasing a BRAND NEW:

  • FORD F-150 XLT
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 607
This Contract (CAD/month) 500
Monthly Difference 107 CAD/month
Remaining Term x 10 months
Total Monthly Difference = 1,070 CAD
Total Savings (CAD) = 1,070

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 34,888 CAD
  • Total Vehicle Debt: 48,538 CAD
  • Paid so Far: 13,650 CAD (28% Paid)
  • Remaining Lease Payments: 5,000 CAD
  • Residual Value: 29,888 CAD
  • Required Payment: 0 CAD
Vehicle Debt & Value
Paid so far: 13,650 CAD Total Vehicle Value: 48,538 CAD
28% Paid
72%
Vehicle Debt Breakdown
Downpayment: 650 CAD Remaining Term: 5,000 CAD
Term Paid so Far: 13,000 CAD Residual Value: 29,888 CAD
1%
27%
10%
62%
Cost to Own
Already Paid: 13,650 CAD (28%)
Required Payment: 0 CAD (0%)Buyout Price Today: 34,888 CAD
28% Paid
0%
72%
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: 34,888 CAD

  • 4.9%Interest Rate x 48 months
  • 802 CAD/month + tax
  • Total Payable: 38,490 CAD
  • Total Interest: 3,602 CAD
  • 8.9%Interest Rate x 48 months
  • 867 CAD/month + tax
  • Total Payable: 41,594 CAD
  • Total Interest: 6,706 CAD
  • 14.9%Interest Rate x 48 months
  • 969 CAD/month + tax
  • Total Payable: 46,521 CAD
  • Total Interest: 11,633 CAD

At the end of the Lease Contract

Residual Value: 29,888 CAD (in 10 months)

  • 4.9%Interest Rate x 48 months
  • 687 CAD/month + tax
  • Total Payable: 32,973 CAD
  • Total Interest: 3,085 CAD
  • 8.9%Interest Rate x 48 months
  • 742 CAD/month + tax
  • Total Payable: 35,633 CAD
  • Total Interest: 5,745 CAD
  • 14.9%Interest Rate x 48 months
  • 830 CAD/month + tax
  • Total Payable: 39,854 CAD
  • Total Interest: 9,966 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)
9.31
  • + tax
  • + fuel
  • + insurance
(or 0.09CAD per km)
  • 30.00CAD/100km (Original Contract back in Jun, 2020)
Time Analysis
Cost per day: (CAD)
16.44
  • + tax
  • + insurance
  • + km driven & fuel
(0.33CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,239.55
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Jun, 2020)

Seller Contact Info

This Contract was Already Transferred.

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