Payment Analysis
242.00CAD/monthin Toronto, ON
- 242.00 CAD/month
- 111.69 CAD/bi-weekly
- 55.85 CAD/week
- 2,904.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 273.46 CAD/month
- 126.21 CAD/bi-weekly
- 63.11 CAD/week
- 3,281.52 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:
1,521 ~ 1,921 CAD
compared to leasing a BRAND NEW:
- Chevrolet SPARK FWD 1LT CVT
- for 24 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 345 |
|---|---|
| This Contract (CAD/month) | 242 |
| Monthly Difference | 103 CAD/month |
| Remaining Term | x 7 months |
| Total Monthly Difference | = 721 CAD |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 1,521 ~ 1,921 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
9,694 CAD
- Total Vehicle Debt: 16,712 CAD
- Paid so Far: 7,018 CAD (41% Paid)
- Remaining Lease Payments: 1,694 CAD
- Residual Value: 8,000 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,018 CAD Total Vehicle Value: 16,712 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,694 CAD
Term Paid so Far: 7,018 CAD Residual Value: 8,000 CAD
Cost to Own
Already Paid: 7,018 CAD (41%)
Cash Incentive: 0 CAD Buyout Price Today: 9,694 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: 9,694 CAD
- 4.9%Interest Rate x 48 months
- 223 CAD/month + tax
- Total Payable: 10,695 CAD
- Total Interest: 1,001 CAD
- 8.9%Interest Rate x 48 months
- 241 CAD/month + tax
- Total Payable: 11,557 CAD
- Total Interest: 1,863 CAD
- 14.9%Interest Rate x 48 months
- 269 CAD/month + tax
- Total Payable: 12,926 CAD
- Total Interest: 3,232 CAD
At the end of the Lease Contract
Residual Value: 8,000 CAD (in 7 months)
- 4.9%Interest Rate x 48 months
- 184 CAD/month + tax
- Total Payable: 8,826 CAD
- Total Interest: 826 CAD
- 8.9%Interest Rate x 48 months
- 199 CAD/month + tax
- Total Payable: 9,538 CAD
- Total Interest: 1,538 CAD
- 14.9%Interest Rate x 48 months
- 222 CAD/month + tax
- Total Payable: 10,668 CAD
- Total Interest: 2,668 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)
3.80
- + tax
- + fuel
- + insurance
- 18.15CAD/100km (Original Contract back in Oct, 2020)
Time Analysis
Cost per day: (CAD)
7.96
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
1,470.33
- km/week
- without any
- additional costs
- 307.69km/week (Contract Original back in Oct, 2020)
Seller Contact Info
This Contract was Already Transferred.
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