Payment Analysis

480.00CAD/monthin Lethbridge, AB
    Before Taxes:
  • 480.00 CAD/month
  • 221.54 CAD/bi-weekly
  • 110.77 CAD/week
  • 5,760.00 CAD/year
Incl. Alberta Taxes (5%):
  • 504.00 CAD/month
  • 232.62 CAD/bi-weekly
  • 116.31 CAD/week
  • 6,048.00 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: 3,190 ~ 4,090 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 48 months
  • in AB
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 570
This Contract (CAD/month) 480
Monthly Difference 90 CAD/month
Remaining Term x 21 months
Total Monthly Difference = 1,890 CAD
+ Cash Incentive** (CAD) + 500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,190 ~ 4,090
** "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: 24,580 CAD
  • Total Vehicle Debt: 43,800 CAD
  • Paid so Far: 18,720 CAD (42% Paid)
  • Remaining Lease Payments: 10,080 CAD
  • Residual Value: 15,000 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 18,720 CAD Total Vehicle Value: 43,800 CAD
42% Paid
58%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 10,080 CAD
Term Paid so Far: 18,720 CAD Residual Value: 15,000 CAD
0%
42%
23%
35%
Cost to Own
Already Paid: 18,720 CAD (42%)
Cash Incentive: 500 CAD Buyout Price Today: 24,580 CAD
42% Paid
1%
57%
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: 24,580 CAD

  • 4.9%Interest Rate x 48 months
  • 565 CAD/month + tax
  • Total Payable: 27,117 CAD
  • Total Interest: 2,537 CAD
  • 8.9%Interest Rate x 48 months
  • 611 CAD/month + tax
  • Total Payable: 29,304 CAD
  • Total Interest: 4,724 CAD
  • 14.9%Interest Rate x 48 months
  • 683 CAD/month + tax
  • Total Payable: 32,776 CAD
  • Total Interest: 8,196 CAD

At the end of the Lease Contract

Residual Value: 15,000 CAD (in 21 months)

  • 4.9%Interest Rate x 48 months
  • 345 CAD/month + tax
  • Total Payable: 16,548 CAD
  • Total Interest: 1,548 CAD
  • 8.9%Interest Rate x 48 months
  • 373 CAD/month + tax
  • Total Payable: 17,883 CAD
  • Total Interest: 2,883 CAD
  • 14.9%Interest Rate x 48 months
  • 417 CAD/month + tax
  • Total Payable: 20,002 CAD
  • Total Interest: 5,002 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)
10.19
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 10.72CAD/100km (TODAY without the Cash Incentive)
  • 24.00CAD/100km (Original Contract back in Jul, 2019)
Time Analysis
Cost per day: (CAD)
15.00
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 15.78CAD/day (Original Contract back in Jul, 2019)
Remaining Km
Can be driven up to:
1,032.97
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 461.54km/week (Contract Original back in Jul, 2019)

Seller Contact Info

This Contract was Already Transferred.

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