Payment Analysis
305.55CAD/monthin Markham, ON
- 305.55 CAD/month
- 141.02 CAD/bi-weekly
- 70.51 CAD/week
- 3,666.60 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 345.27 CAD/month
- 159.36 CAD/bi-weekly
- 79.68 CAD/week
- 4,143.26 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:
3,256 ~ 4,156 CAD
compared to leasing a BRAND NEW:
- Chevrolet SPARK FWD LS CVT (Cruze Premier Automatic 2WD has been discontinued)
- for 36 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 329 |
|---|---|
| This Contract (CAD/month) | 306 |
| Monthly Difference | 24 CAD/month |
| Remaining Term | x 19 months |
| Total Monthly Difference | = 456 CAD |
| + Cash Incentive** (CAD) | + 2,000 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 3,256 ~ 4,156 |
| ** "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:
10,803 CAD
- Total Vehicle Debt: 26,020 CAD
- Paid so Far: 13,217 CAD (50% Paid)
- Remaining Lease Payments: 5,805 CAD
- Residual Value: 6,998 CAD
- Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 13,217 CAD Total Vehicle Value: 26,020 CAD
Vehicle Debt Breakdown
Downpayment: 995 CAD Remaining Term: 5,805 CAD
Term Paid so Far: 12,222 CAD Residual Value: 6,998 CAD
Cost to Own
Already Paid: 13,217 CAD (50%)
Cash Incentive: 2,000 CAD Buyout Price Today: 10,803 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: 10,803 CAD
- 4.9%Interest Rate x 48 months
- 248 CAD/month + tax
- Total Payable: 11,918 CAD
- Total Interest: 1,115 CAD
- 8.9%Interest Rate x 48 months
- 268 CAD/month + tax
- Total Payable: 12,879 CAD
- Total Interest: 2,076 CAD
- 14.9%Interest Rate x 48 months
- 300 CAD/month + tax
- Total Payable: 14,405 CAD
- Total Interest: 3,602 CAD
At the end of the Lease Contract
Residual Value: 6,998 CAD (in 19 months)
- 4.9%Interest Rate x 48 months
- 161 CAD/month + tax
- Total Payable: 7,720 CAD
- Total Interest: 722 CAD
- 8.9%Interest Rate x 48 months
- 174 CAD/month + tax
- Total Payable: 8,342 CAD
- Total Interest: 1,345 CAD
- 14.9%Interest Rate x 48 months
- 194 CAD/month + tax
- Total Payable: 9,331 CAD
- Total Interest: 2,333 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)
6.01
- + tax
- + fuel
- + insurance
- 9.17CAD/100km (TODAY without the Cash Incentive)
- 18.33CAD/100km (Original Contract back in Nov, 2018)
Time Analysis
Cost per day: (CAD)
6.58
- + tax
- + insurance
- + km driven & fuel
- 10.05CAD/day (Original Contract back in Nov, 2018)
Remaining Km
Can be driven up to:
769.23
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Nov, 2018)
Seller Contact Info
This Contract was Already Transferred.
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