Payment Analysis
1,243.22CAD/monthin Edmonton, AB
- 1,243.22 CAD/month
- 573.79 CAD/bi-weekly
- 286.90 CAD/week
- 14,918.64 CAD/year
Before Taxes:
Incl. Alberta Taxes (5%):
- 1,305.38 CAD/month
- 602.48 CAD/bi-weekly
- 301.24 CAD/week
- 15,664.57 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:
15,696 ~ 16,996 CAD
compared to leasing a BRAND NEW:
- BMW M550i Automatic AWD w/ Warranty Complete Term + Wear & Tear Coverage + Winter Tires Included
- for 24 months
- in AB
- $0 down payment
- 16,000 km/year
Leasing New (CAD/month) | 1,819 |
---|---|
This Contract (CAD/month) | 1,243 |
Monthly Difference | 576 CAD/month |
Remaining Term | x 21 months |
Total Monthly Difference | = 12,096 CAD |
+ Cash Incentive** (CAD) | + 2,000 |
+ Winter Tires Cost (CAD) | + 800 ~ 1,200 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 15,696 ~ 16,996 |
** "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:
74,562 CAD
- Total Vehicle Debt: 110,564 CAD
- Paid so Far: 34,002 CAD (30% Paid)
- Remaining Lease Payments: 26,108 CAD
- Residual Value: 50,455 CAD
- Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 34,002 CAD Total Vehicle Value: 110,564 CAD
Vehicle Debt Breakdown
Downpayment: 435 CAD Remaining Term: 26,108 CAD
Term Paid so Far: 33,567 CAD Residual Value: 50,455 CAD
Cost to Own
Already Paid: 34,002 CAD (30%)
Cash Incentive: 2,000 CAD Buyout Price Today: 74,562 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: 74,562 CAD
- 4.9%Interest Rate x 48 months
- 1,714 CAD/month + tax
- Total Payable: 82,259 CAD
- Total Interest: 7,697 CAD
- 8.9%Interest Rate x 48 months
- 1,852 CAD/month + tax
- Total Payable: 88,893 CAD
- Total Interest: 14,331 CAD
- 14.9%Interest Rate x 48 months
- 2,071 CAD/month + tax
- Total Payable: 99,424 CAD
- Total Interest: 24,862 CAD
At the end of the Lease Contract
Residual Value: 50,455 CAD (in 21 months)
- 4.9%Interest Rate x 48 months
- 1,160 CAD/month + tax
- Total Payable: 55,663 CAD
- Total Interest: 5,209 CAD
- 8.9%Interest Rate x 48 months
- 1,253 CAD/month + tax
- Total Payable: 60,152 CAD
- Total Interest: 9,698 CAD
- 14.9%Interest Rate x 48 months
- 1,402 CAD/month + tax
- Total Payable: 67,278 CAD
- Total Interest: 16,824 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)
146.11
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
37.74
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
181.32
- km/week
- without any
- additional costs