Payment Analysis

368.00CAD/monthin Hamilton, ON
    Before Taxes:
  • 368.00 CAD/month
  • 169.85 CAD/bi-weekly
  • 84.92 CAD/week
  • 4,416.00 CAD/year
Incl. Ontario Taxes (13%):
  • 415.84 CAD/month
  • 191.93 CAD/bi-weekly
  • 95.96 CAD/week
  • 4,990.08 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: 3,857 ~ 5,157 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 24 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 429
This Contract (CAD/month) 368
Monthly Difference 61 CAD/month
Remaining Term x 37 months
Total Monthly Difference = 2,257 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,857 ~ 5,157

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 24,616 CAD
  • Total Vehicle Debt: 33,080 CAD
  • Paid so Far: 8,464 CAD (25% Paid)
  • Remaining Lease Payments: 13,616 CAD
  • Residual Value: 11,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,464 CAD Total Vehicle Value: 33,080 CAD
25% Paid
75%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 13,616 CAD
Term Paid so Far: 8,464 CAD Residual Value: 11,000 CAD
0%
25%
41%
34%
Cost to Own
Already Paid: 8,464 CAD (25%)
Cash Incentive: 0 CAD Buyout Price Today: 24,616 CAD
25% Paid
0%
75%
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: 24,616 CAD

  • 4.9%Interest Rate x 48 months
  • 566 CAD/month + tax
  • Total Payable: 27,157 CAD
  • Total Interest: 2,541 CAD
  • 8.9%Interest Rate x 48 months
  • 611 CAD/month + tax
  • Total Payable: 29,347 CAD
  • Total Interest: 4,731 CAD
  • 14.9%Interest Rate x 48 months
  • 684 CAD/month + tax
  • Total Payable: 32,824 CAD
  • Total Interest: 8,208 CAD

At the end of the Lease Contract

Residual Value: 11,000 CAD (in 37 months)

  • 4.9%Interest Rate x 48 months
  • 253 CAD/month + tax
  • Total Payable: 12,136 CAD
  • Total Interest: 1,136 CAD
  • 8.9%Interest Rate x 48 months
  • 273 CAD/month + tax
  • Total Payable: 13,114 CAD
  • Total Interest: 2,114 CAD
  • 14.9%Interest Rate x 48 months
  • 306 CAD/month + tax
  • Total Payable: 14,668 CAD
  • Total Interest: 3,668 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)
37.82
  • + tax
  • + fuel
  • + insurance
(or 0.38CAD per km)
Time Analysis
Cost per day: (CAD)
12.10
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
224.53
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD

Seller Contact Info

This Contract was Already Transferred.

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  • Warranty Complete Term
  • Wear & Tear Coverage
  • Winter Tires Included
Payment Details
  • Current Payment: 1,016 CAD/month + tax
  • Residual Value: 28,710 CAD
  • Months to End: 8 months (Jun, 2027)
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  • Contract Allowance: 20,000 km/year
  • Current Odometer: 50,500 km total
  • Available Now: 44,250 km/year (3,688 per month)
  • Please note that this contract ends in less than a year.
  • Excess Km Cost: 0.25 CAD/km
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