Payment Analysis

644.90CAD/monthin Calgary, AB
    Before Taxes:
  • 644.90 CAD/month
  • 297.65 CAD/bi-weekly
  • 148.82 CAD/week
  • 7,738.80 CAD/year
Incl. Alberta Taxes (5%):
  • 677.15 CAD/month
  • 312.53 CAD/bi-weekly
  • 156.26 CAD/week
  • 8,125.74 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: 792 CAD

compared to leasing a BRAND NEW:

  • Chevrolet TRAVERSE AWD LT
  • for 24 months
  • in AB
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 842
This Contract (CAD/month) 645
Monthly Difference 198 CAD/month
Remaining Term x 4 months
Total Monthly Difference = 792 CAD
Total Savings (CAD) = 792

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,287 CAD
  • Total Vehicle Debt: 56,163 CAD
  • Paid so Far: 29,876 CAD (53% Paid)
  • Remaining Lease Payments: 2,580 CAD
  • Residual Value: 23,707 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 29,876 CAD Total Vehicle Value: 56,163 CAD
53% Paid
47%
Vehicle Debt Breakdown
Downpayment: 1,500 CAD Remaining Term: 2,580 CAD
Term Paid so Far: 28,376 CAD Residual Value: 23,707 CAD
2%
51%
4%
43%
Cost to Own
Already Paid: 29,876 CAD (53%)
Cash Incentive: 0 CAD Buyout Price Today: 26,287 CAD
53% Paid
0%
47%
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: 26,287 CAD

  • 4.9%Interest Rate x 48 months
  • 604 CAD/month + tax
  • Total Payable: 29,001 CAD
  • Total Interest: 2,714 CAD
  • 8.9%Interest Rate x 48 months
  • 653 CAD/month + tax
  • Total Payable: 31,339 CAD
  • Total Interest: 5,052 CAD
  • 14.9%Interest Rate x 48 months
  • 730 CAD/month + tax
  • Total Payable: 35,052 CAD
  • Total Interest: 8,765 CAD

At the end of the Lease Contract

Residual Value: 23,707 CAD (in 4 months)

  • 4.9%Interest Rate x 48 months
  • 545 CAD/month + tax
  • Total Payable: 26,155 CAD
  • Total Interest: 2,447 CAD
  • 8.9%Interest Rate x 48 months
  • 589 CAD/month + tax
  • Total Payable: 28,264 CAD
  • Total Interest: 4,557 CAD
  • 14.9%Interest Rate x 48 months
  • 659 CAD/month + tax
  • Total Payable: 31,612 CAD
  • Total Interest: 7,905 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)
3.37
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 32.25CAD/100km (Original Contract back in Dec, 2019)
Time Analysis
Cost per day: (CAD)
21.20
  • + tax
  • + insurance
  • + km driven & fuel
(0.82CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
4,419.23
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 461.54km/week (Contract Original back in Dec, 2019)

Seller Contact Info

This Contract was Already Transferred.

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