Payment Analysis

712.00CAD/monthin Toronto, ON
    Before Taxes:
  • 712.00 CAD/month
  • 328.62 CAD/bi-weekly
  • 164.31 CAD/week
  • 8,544.00 CAD/year
Incl. Ontario Taxes (13%):
  • 804.56 CAD/month
  • 371.34 CAD/bi-weekly
  • 185.67 CAD/week
  • 9,654.72 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: 456 CAD

compared to leasing a BRAND NEW:

  • 2021 Ram 1500 Classic Night Edition (Finance Takeover) w/ 5 year / 100,000 km warranty
  • for 72 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 731
This Contract (CAD/month) 712
Monthly Difference 19 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 456 CAD
Total Savings (CAD) = 456

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,089 CAD
  • Total Vehicle Debt: 68,353 CAD
  • Paid so Far: 51,264 CAD (74% Paid)
  • Remaining Lease Payments: 17,088 CAD
  • Residual Value: 1 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 51,264 CAD Total Vehicle Value: 68,353 CAD
74% Paid
26%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,088 CAD
Term Paid so Far: 51,264 CAD Residual Value: 1 CAD
0%
74%
25%
1%
Cost to Own
Already Paid: 51,264 CAD (74%)
Cash Incentive: 0 CAD Buyout Price Today: 17,089 CAD
74% Paid
0%
26%
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: 17,089 CAD

  • 4.9%Interest Rate x 48 months
  • 393 CAD/month + tax
  • Total Payable: 18,853 CAD
  • Total Interest: 1,764 CAD
  • 8.9%Interest Rate x 48 months
  • 424 CAD/month + tax
  • Total Payable: 20,374 CAD
  • Total Interest: 3,285 CAD
  • 14.9%Interest Rate x 48 months
  • 475 CAD/month + tax
  • Total Payable: 22,787 CAD
  • Total Interest: 5,698 CAD

At the end of the Lease Contract

Residual Value: 1 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 8.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 14.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 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)
14.24
  • + tax
  • + fuel
  • + insurance
(or 0.14CAD per km)
  • 42.72CAD/100km (Original Contract back in Nov, 2019)
Time Analysis
Cost per day: (CAD)
23.41
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,153.85
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Nov, 2019)

Seller Contact Info

This Contract was Already Transferred.

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