Payment Analysis
2,462.53CAD/monthin Calgary, AB
- 2,462.53 CAD/month
- 1,136.55 CAD/bi-weekly
- 568.28 CAD/week
- 29,550.36 CAD/year
Before Taxes:
Incl. Alberta Taxes (5%):
- 2,585.66 CAD/month
- 1,193.38 CAD/bi-weekly
- 596.69 CAD/week
- 31,027.88 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:
9,084 ~ 10,384 CAD
compared to leasing a BRAND NEW:
- Mercedes-Benz GLS 580 4Matic Automatic AWD w/ Night package + Intelligent drive package
- for 24 months
- in AB
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 2,818 |
|---|---|
| This Contract (CAD/month) | 2,463 |
| Monthly Difference | 356 CAD/month |
| Remaining Term | x 14 months |
| Total Monthly Difference | = 4,984 CAD |
| + Cash Incentive** (CAD) | + 2,500 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 9,084 ~ 10,384 |
| ** "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:
94,170 CAD
- Total Vehicle Debt: 148,383 CAD
- Paid so Far: 51,713 CAD (34% Paid)
- Remaining Lease Payments: 34,475 CAD
- Residual Value: 62,195 CAD
- Cash Incentive: 2,500 CAD
Vehicle Debt & Value
Paid so far: 51,713 CAD Total Vehicle Value: 148,383 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 34,475 CAD
Term Paid so Far: 51,713 CAD Residual Value: 62,195 CAD
Cost to Own
Already Paid: 51,713 CAD (34%)
Cash Incentive: 2,500 CAD Buyout Price Today: 94,170 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: 94,170 CAD
- 4.9%Interest Rate x 48 months
- 2,164 CAD/month + tax
- Total Payable: 103,891 CAD
- Total Interest: 9,721 CAD
- 8.9%Interest Rate x 48 months
- 2,339 CAD/month + tax
- Total Payable: 112,270 CAD
- Total Interest: 18,100 CAD
- 14.9%Interest Rate x 48 months
- 2,616 CAD/month + tax
- Total Payable: 125,570 CAD
- Total Interest: 31,400 CAD
At the end of the Lease Contract
Residual Value: 62,195 CAD (in 14 months)
- 4.9%Interest Rate x 48 months
- 1,429 CAD/month + tax
- Total Payable: 68,615 CAD
- Total Interest: 6,421 CAD
- 8.9%Interest Rate x 48 months
- 1,545 CAD/month + tax
- Total Payable: 74,149 CAD
- Total Interest: 11,954 CAD
- 14.9%Interest Rate x 48 months
- 1,728 CAD/month + tax
- Total Payable: 82,933 CAD
- Total Interest: 20,738 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)
59.21
- + tax
- + fuel
- + insurance
- 63.84CAD/100km (TODAY without the Cash Incentive)
- 123.13CAD/100km (Original Contract back in Feb, 2020)
Time Analysis
Cost per day: (CAD)
75.09
- + tax
- + insurance
- + km driven & fuel
- 80.96CAD/day (Original Contract back in Feb, 2020)
Remaining Km
Can be driven up to:
890.11
- km/week
- without any
- additional costs
- 461.54km/week (Contract Original back in Feb, 2020)
Seller Contact Info
This Contract was Already Transferred.
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