Chevrolet Lease Takeover in Available in ON, QC & NS: 2020 Chevrolet Corvette C8 2LT Z51 Fully Loaded Automatique 2WD ID:#24147 • LeaseCosts Canada

Payment Analysis

1,870.26CAD/monthin Available in ON, QC & NS

Before Taxes:

1,870.26 CAD/month
863.20 CAD/bi-weekly
431.60 CAD/week
22,443.12 CAD/year

Incl. Ontario Taxes (13%):

2,113.39 CAD/month
975.41 CAD/bi-weekly
487.71 CAD/week
25,360.73 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: 43,850 CAD

compared to leasing a BRAND NEW:

Chevrolet CORVETTE STINGRAY C8 CONVERTIBLE 2LT 6.2L V8 DI engine 8-speed dual clutch transmission w/ Z51 PERFORMANCE PACKAGE ($5,900) + Z51 performance suspension with Magnetic Selective Ride Control™ ($2,180) + 19" front/20" rear 5-open-spoke Performance Pewter-painted aluminum wheels, Genuine Corvette Accessory ($3,640) +
for 24 months
in Ontario
$0 down payment
16,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	3,895
This Contract (CAD/month)	1,870
Monthly Difference	2,025 CAD/month
Remaining Term	x 34 months
Total Monthly Difference	= 68,850 CAD
- Required Payment** (CAD)	- 25,000
Total Savings (CAD)	= 43,850
	** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 140,589 CAD

Total Vehicle Debt: 153,445 CAD
Paid so Far: 37,856 CAD (24% Paid)
Remaining Lease Payments: 63,589 CAD
Residual Value: 52,000 CAD
Required Payment: 25,000 CAD

Vehicle Debt & Value

Paid so far: 37,856 CAD Total Vehicle Value: 153,445 CAD

24% Paid

76%

Vehicle Debt Breakdown

Downpayment: 32,245 CAD Remaining Term: 63,589 CAD

Term Paid so Far: 5,611 CAD Residual Value: 52,000 CAD

20%

41%

35%

Cost to Own

Already Paid: 37,856 CAD (24%)

Required Payment: 25,000 CAD (16%)Buyout Price Today: 140,589 CAD

8% Paid

16%

76%

Additional Financing Details

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: 140,589 CAD

4.9%Interest Rate x 48 months
3,231 CAD/month + tax
Total Payable: 155,102 CAD
Total Interest: 14,513 CAD

8.9%Interest Rate x 48 months
3,492 CAD/month + tax
Total Payable: 167,611 CAD
Total Interest: 27,022 CAD

14.9%Interest Rate x 48 months
3,906 CAD/month + tax
Total Payable: 187,467 CAD
Total Interest: 46,879 CAD

At the end of the Lease Contract

Residual Value: 52,000 CAD (in 34 months)

4.9%Interest Rate x 48 months
1,195 CAD/month + tax
Total Payable: 57,368 CAD
Total Interest: 5,368 CAD

8.9%Interest Rate x 48 months
1,292 CAD/month + tax
Total Payable: 61,995 CAD
Total Interest: 9,995 CAD

14.9%Interest Rate x 48 months
1,445 CAD/month + tax
Total Payable: 69,339 CAD
Total Interest: 17,339 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)