Payment Analysis

714.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 714.00 CAD/month
  • 329.54 CAD/bi-weekly
  • 164.77 CAD/week
  • 8,568.00 CAD/year
Incl. Alberta Taxes (5%):
  • 749.70 CAD/month
  • 346.02 CAD/bi-weekly
  • 173.01 CAD/week
  • 8,996.40 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: 1,188 CAD

compared to leasing a BRAND NEW:

  • Ford EXPLORER ST
  • for 24 months
  • in AB
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 846
This Contract (CAD/month) 714
Monthly Difference 132 CAD/month
Remaining Term x 9 months
Total Monthly Difference = 1,188 CAD
Total Savings (CAD) = 1,188

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 31,412 CAD
  • Total Vehicle Debt: 49,976 CAD
  • Paid so Far: 18,564 CAD (37% Paid)
  • Remaining Lease Payments: 6,426 CAD
  • Residual Value: 24,986 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 18,564 CAD Total Vehicle Value: 49,976 CAD
37% Paid
63%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,426 CAD
Term Paid so Far: 18,564 CAD Residual Value: 24,986 CAD
0%
37%
12%
51%
Cost to Own
Already Paid: 18,564 CAD (37%)
Cash Incentive: 0 CAD Buyout Price Today: 31,412 CAD
37% Paid
0%
63%
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: 31,412 CAD

  • 4.9%Interest Rate x 48 months
  • 722 CAD/month + tax
  • Total Payable: 34,654 CAD
  • Total Interest: 3,243 CAD
  • 8.9%Interest Rate x 48 months
  • 780 CAD/month + tax
  • Total Payable: 37,449 CAD
  • Total Interest: 6,037 CAD
  • 14.9%Interest Rate x 48 months
  • 873 CAD/month + tax
  • Total Payable: 41,886 CAD
  • Total Interest: 10,474 CAD

At the end of the Lease Contract

Residual Value: 24,986 CAD (in 9 months)

  • 4.9%Interest Rate x 48 months
  • 574 CAD/month + tax
  • Total Payable: 27,565 CAD
  • Total Interest: 2,579 CAD
  • 8.9%Interest Rate x 48 months
  • 621 CAD/month + tax
  • Total Payable: 29,788 CAD
  • Total Interest: 4,802 CAD
  • 14.9%Interest Rate x 48 months
  • 694 CAD/month + tax
  • Total Payable: 33,317 CAD
  • Total Interest: 8,331 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)
35.93
  • + tax
  • + fuel
  • + insurance
(or 0.36CAD per km)
  • 53.55CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
23.47
  • + tax
  • + insurance
  • + km driven & fuel
(0.37CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
458.56
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 307.69km/week (Contract Original back in Aug, 2020)

Seller Contact Info

This Contract was Already Transferred.

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