Payment Analysis
1,870.26CAD/monthin Available in ON, QC & NS
- 1,870.26 CAD/month
- 863.20 CAD/bi-weekly
- 431.60 CAD/week
- 22,443.12 CAD/year
Before Taxes:
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:
15,500 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
| Leasing New (CAD/month) | 3,895 |
|---|---|
| This Contract (CAD/month) | 1,870 |
| Monthly Difference | 2,025 CAD/month |
| Remaining Term | x 20 months |
| Total Monthly Difference | = 40,500 CAD |
| - Required Payment** (CAD) | - 25,000 |
| Total Savings (CAD) | = 15,500 |
| ** The Required Payment from the vehicle owner. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
114,405 CAD
- Total Vehicle Debt: 153,445 CAD
- Paid so Far: 64,039 CAD (41% Paid)
- Remaining Lease Payments: 37,405 CAD
- Residual Value: 52,000 CAD
- Required Payment: 25,000 CAD
Vehicle Debt & Value
Paid so far: 64,039 CAD Total Vehicle Value: 153,445 CAD
Vehicle Debt Breakdown
Downpayment: 32,245 CAD Remaining Term: 37,405 CAD
Term Paid so Far: 31,794 CAD Residual Value: 52,000 CAD
Cost to Own
Already Paid: 64,039 CAD (41%)
Required Payment: 25,000 CAD (16%)Buyout Price Today: 114,405 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: 114,405 CAD
- 4.9%Interest Rate x 48 months
- 2,629 CAD/month + tax
- Total Payable: 126,216 CAD
- Total Interest: 11,810 CAD
- 8.9%Interest Rate x 48 months
- 2,842 CAD/month + tax
- Total Payable: 136,394 CAD
- Total Interest: 21,989 CAD
- 14.9%Interest Rate x 48 months
- 3,178 CAD/month + tax
- Total Payable: 152,553 CAD
- Total Interest: 38,148 CAD
At the end of the Lease Contract
Residual Value: 52,000 CAD (in 20 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)
Distance Analysis
Cost to drive 100km: (CAD)
288.02
- + tax
- + fuel
- + insurance
- 172.64CAD/100km (TODAY without the Cash Incentive)
- 280.54CAD/100km (Original Contract back in Nov, 2020)
Time Analysis
Cost per day: (CAD)
102.58
- + tax
- + insurance
- + km driven & fuel
- 61.49CAD/day (Original Contract back in Nov, 2020)
Remaining Km
Can be driven up to:
250.00
- km/week
- without any
- additional costs
- 153.85km/week (Contract Original back in Nov, 2020)
Seller Contact Info
This Contract was Already Transferred.
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