Payment Analysis
260.60CAD/monthin Montreal, QC
- 260.60 CAD/month
- 120.28 CAD/bi-weekly
- 60.14 CAD/week
- 3,127.20 CAD/year
Before Taxes:
Incl. Québec Taxes (14.98%):
- 299.64 CAD/month
- 138.29 CAD/bi-weekly
- 69.15 CAD/week
- 3,595.65 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:
4,652 ~ 5,052 CAD
compared to leasing a BRAND NEW:
- SPARK FWD 1LT CVT
- for 24 months
- in Québec
- $0 down payment
- 24,000 km/year
Leasing New (CAD/month) | 375 |
---|---|
This Contract (CAD/month) | 261 |
Monthly Difference | 115 CAD/month |
Remaining Term | x 29 months |
Total Monthly Difference | = 3,335 CAD |
+ Cash Incentive** (CAD) | + 517 |
+ Winter Tires Cost (CAD) | + 800 ~ 1,200 |
Total Savings (CAD) | = 4,652 ~ 5,052 |
** "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:
13,022 CAD
- Total Vehicle Debt: 18,491 CAD
- Paid so Far: 4,951 CAD (26% Paid)
- Remaining Lease Payments: 7,557 CAD
- Residual Value: 5,982 CAD
- Cash Incentive: 517 CAD
Vehicle Debt & Value
Paid so far: 4,951 CAD Total Vehicle Value: 18,491 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,557 CAD
Term Paid so Far: 4,951 CAD Residual Value: 5,982 CAD
Cost to Own
Already Paid: 4,951 CAD (26%)
Cash Incentive: 517 CAD Buyout Price Today: 13,022 CAD
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: 13,022 CAD
- 4.9%Interest Rate x 48 months
- 299 CAD/month + tax
- Total Payable: 14,367 CAD
- Total Interest: 1,344 CAD
- 8.9%Interest Rate x 48 months
- 323 CAD/month + tax
- Total Payable: 15,525 CAD
- Total Interest: 2,503 CAD
- 14.9%Interest Rate x 48 months
- 362 CAD/month + tax
- Total Payable: 17,365 CAD
- Total Interest: 4,342 CAD
At the end of the Lease Contract
Residual Value: 5,982 CAD (in 29 months)
- 4.9%Interest Rate x 48 months
- 137 CAD/month + tax
- Total Payable: 6,600 CAD
- Total Interest: 618 CAD
- 8.9%Interest Rate x 48 months
- 149 CAD/month + tax
- Total Payable: 7,132 CAD
- Total Interest: 1,150 CAD
- 14.9%Interest Rate x 48 months
- 166 CAD/month + tax
- Total Payable: 7,977 CAD
- Total Interest: 1,995 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)
11.32
- + tax
- + fuel
- + insurance
- 12.15CAD/100km (TODAY without the Cash Incentive)
- 15.64CAD/100km (Original Contract back in Jan, 2019)
Time Analysis
Cost per day: (CAD)
7.98
- + tax
- + insurance
- + km driven & fuel
- 8.57CAD/day (Original Contract back in Jan, 2019)
Remaining Km
Can be driven up to:
494.96
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jan, 2019)
Seller Contact Info
This Contract was Already Transferred.
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