Payment Analysis

319.06CAD/monthin Brampton, ON
    Before Taxes:
  • 319.06 CAD/month
  • 147.26 CAD/bi-weekly
  • 73.63 CAD/week
  • 3,828.72 CAD/year
Incl. Ontario Taxes (13%):
  • 360.54 CAD/month
  • 166.40 CAD/bi-weekly
  • 83.20 CAD/week
  • 4,326.45 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: 1,521 ~ 2,421 CAD

compared to leasing a BRAND NEW:

  • GMC CANYON 2WD Crew Cab, Short Box Elevation Standard
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 422
This Contract (CAD/month) 319
Monthly Difference 103 CAD/month
Remaining Term x 7 months
Total Monthly Difference = 721 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,521 ~ 2,421

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 18,136 CAD
  • Total Vehicle Debt: 30,898 CAD
  • Paid so Far: 12,762 CAD (41% Paid)
  • Remaining Lease Payments: 2,233 CAD
  • Residual Value: 15,903 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 12,762 CAD Total Vehicle Value: 30,898 CAD
41% Paid
59%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 2,233 CAD
Term Paid so Far: 12,762 CAD Residual Value: 15,903 CAD
0%
41%
7%
52%
Cost to Own
Already Paid: 12,762 CAD (41%)
Cash Incentive: 0 CAD Buyout Price Today: 18,136 CAD
41% Paid
0%
59%
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: 18,136 CAD

  • 4.9%Interest Rate x 48 months
  • 417 CAD/month + tax
  • Total Payable: 20,008 CAD
  • Total Interest: 1,872 CAD
  • 8.9%Interest Rate x 48 months
  • 450 CAD/month + tax
  • Total Payable: 21,622 CAD
  • Total Interest: 3,486 CAD
  • 14.9%Interest Rate x 48 months
  • 504 CAD/month + tax
  • Total Payable: 24,183 CAD
  • Total Interest: 6,047 CAD

At the end of the Lease Contract

Residual Value: 15,903 CAD (in 7 months)

  • 4.9%Interest Rate x 48 months
  • 366 CAD/month + tax
  • Total Payable: 17,544 CAD
  • Total Interest: 1,642 CAD
  • 8.9%Interest Rate x 48 months
  • 395 CAD/month + tax
  • Total Payable: 18,959 CAD
  • Total Interest: 3,057 CAD
  • 14.9%Interest Rate x 48 months
  • 442 CAD/month + tax
  • Total Payable: 21,205 CAD
  • Total Interest: 5,303 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)
3.82
  • + tax
  • + fuel
  • + insurance
(or 0.04CAD per km)
  • 19.14CAD/100km (Original Contract back in Sep, 2019)
Time Analysis
Cost per day: (CAD)
10.49
  • + tax
  • + insurance
  • + km driven & fuel
(0.47CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,925.88
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Sep, 2019)

Seller Contact Info

This Contract was Already Transferred.

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