Payment Analysis

260.60CAD/monthin Montreal, QC
    Before Taxes:
  • 260.60 CAD/month
  • 120.28 CAD/bi-weekly
  • 60.14 CAD/week
  • 3,127.20 CAD/year
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: 5,112 ~ 5,512 CAD

compared to leasing a BRAND NEW:

  • SPARK FWD 1LT CVT
  • for 24 months
  • in Québec
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 375
This Contract (CAD/month) 261
Monthly Difference 115 CAD/month
Remaining Term x 33 months
Total Monthly Difference = 3,795 CAD
+ Cash Incentive** (CAD) + 517
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 5,112 ~ 5,512
** "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: 14,065 CAD
  • Total Vehicle Debt: 18,491 CAD
  • Paid so Far: 3,909 CAD (21% Paid)
  • Remaining Lease Payments: 8,600 CAD
  • Residual Value: 5,982 CAD
  • Cash Incentive: 517 CAD
Vehicle Debt & Value
Paid so far: 3,909 CAD Total Vehicle Value: 18,491 CAD
21% Paid
79%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,600 CAD
Term Paid so Far: 3,909 CAD Residual Value: 5,982 CAD
0%
21%
46%
33%
Cost to Own
Already Paid: 3,909 CAD (21%)
Cash Incentive: 517 CAD Buyout Price Today: 14,065 CAD
21% Paid
2%
77%
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: 14,065 CAD

  • 4.9%Interest Rate x 48 months
  • 323 CAD/month + tax
  • Total Payable: 15,517 CAD
  • Total Interest: 1,452 CAD
  • 8.9%Interest Rate x 48 months
  • 349 CAD/month + tax
  • Total Payable: 16,768 CAD
  • Total Interest: 2,703 CAD
  • 14.9%Interest Rate x 48 months
  • 391 CAD/month + tax
  • Total Payable: 18,755 CAD
  • Total Interest: 4,690 CAD

At the end of the Lease Contract

Residual Value: 5,982 CAD (in 33 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)
12.99
  • + tax
  • + fuel
  • + insurance
(inlcuding the 517CAD incentive)
  • 13.83CAD/100km (TODAY without the Cash Incentive)
  • 15.64CAD/100km (Original Contract back in Jan, 2019)
Time Analysis
Cost per day: (CAD)
8.05
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 517CAD incentive)
  • 8.57CAD/day (Original Contract back in Jan, 2019)
Remaining Km
Can be driven up to:
434.97
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Jan, 2019)

Seller Contact Info

This Contract was Already Transferred.

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