Payment Analysis

305.55CAD/monthin Markham, ON
    Before Taxes:
  • 305.55 CAD/month
  • 141.02 CAD/bi-weekly
  • 70.51 CAD/week
  • 3,666.60 CAD/year
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: 2,896 ~ 3,796 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
Savings Breakdown:
Leasing New (CAD/month) 329
This Contract (CAD/month) 306
Monthly Difference 24 CAD/month
Remaining Term x 4 months
Total Monthly Difference = 96 CAD
+ Cash Incentive** (CAD) + 2,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,896 ~ 3,796
** "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: 6,220 CAD
  • Total Vehicle Debt: 26,020 CAD
  • Paid so Far: 17,800 CAD (68% Paid)
  • Remaining Lease Payments: 1,222 CAD
  • Residual Value: 6,998 CAD
  • Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 17,800 CAD Total Vehicle Value: 26,020 CAD
68% Paid
32%
Vehicle Debt Breakdown
Downpayment: 995 CAD Remaining Term: 1,222 CAD
Term Paid so Far: 16,805 CAD Residual Value: 6,998 CAD
3%
65%
4%
28%
Cost to Own
Already Paid: 17,800 CAD (68%)
Cash Incentive: 2,000 CAD Buyout Price Today: 6,220 CAD
68% Paid
7%
25%
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: 6,220 CAD

  • 4.9%Interest Rate x 48 months
  • 143 CAD/month + tax
  • Total Payable: 6,862 CAD
  • Total Interest: 642 CAD
  • 8.9%Interest Rate x 48 months
  • 154 CAD/month + tax
  • Total Payable: 7,415 CAD
  • Total Interest: 1,195 CAD
  • 14.9%Interest Rate x 48 months
  • 173 CAD/month + tax
  • Total Payable: 8,294 CAD
  • Total Interest: 2,074 CAD

At the end of the Lease Contract

Residual Value: 6,998 CAD (in 4 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)
-1.23
  • + tax
  • + fuel
  • + insurance
(inlcuding the 2,000CAD incentive)
  • 1.93CAD/100km (TODAY without the Cash Incentive)
  • 18.33CAD/100km (Original Contract back in Nov, 2018)
Time Analysis
Cost per day: (CAD)
-6.39
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 2,000CAD incentive)
  • 10.05CAD/day (Original Contract back in Nov, 2018)
Remaining Km
Can be driven up to:
3,653.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Nov, 2018)

Seller Contact Info

This Contract was Already Transferred.

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