Payment Analysis

1,821.00CAD/monthin Maple, ON
    Before Taxes:
  • 1,821.00 CAD/month
  • 840.46 CAD/bi-weekly
  • 420.23 CAD/week
  • 21,852.00 CAD/year
Incl. Ontario Taxes (13%):
  • 2,057.73 CAD/month
  • 949.72 CAD/bi-weekly
  • 474.86 CAD/week
  • 24,692.76 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: 8,856 ~ 10,156 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 2,087
This Contract (CAD/month) 1,821
Monthly Difference 266 CAD/month
Remaining Term x 16 months
Total Monthly Difference = 4,256 CAD
+ Cash Incentive** (CAD) + 3,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 8,856 ~ 10,156
** "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: 68,295 CAD
  • Total Vehicle Debt: 143,061 CAD
  • Paid so Far: 71,766 CAD (50% Paid)
  • Remaining Lease Payments: 29,136 CAD
  • Residual Value: 42,159 CAD
  • Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 71,766 CAD Total Vehicle Value: 143,061 CAD
50% Paid
50%
Vehicle Debt Breakdown
Downpayment: 15,315 CAD Remaining Term: 29,136 CAD
Term Paid so Far: 56,451 CAD Residual Value: 42,159 CAD
10%
40%
20%
30%
Cost to Own
Already Paid: 71,766 CAD (50%)
Cash Incentive: 3,000 CAD Buyout Price Today: 68,295 CAD
50% Paid
2%
48%
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: 68,295 CAD

  • 4.9%Interest Rate x 48 months
  • 1,570 CAD/month + tax
  • Total Payable: 75,345 CAD
  • Total Interest: 7,050 CAD
  • 8.9%Interest Rate x 48 months
  • 1,696 CAD/month + tax
  • Total Payable: 81,422 CAD
  • Total Interest: 13,127 CAD
  • 14.9%Interest Rate x 48 months
  • 1,897 CAD/month + tax
  • Total Payable: 91,068 CAD
  • Total Interest: 22,773 CAD

At the end of the Lease Contract

Residual Value: 42,159 CAD (in 16 months)

  • 4.9%Interest Rate x 48 months
  • 969 CAD/month + tax
  • Total Payable: 46,511 CAD
  • Total Interest: 4,352 CAD
  • 8.9%Interest Rate x 48 months
  • 1,047 CAD/month + tax
  • Total Payable: 50,262 CAD
  • Total Interest: 8,103 CAD
  • 14.9%Interest Rate x 48 months
  • 1,171 CAD/month + tax
  • Total Payable: 56,217 CAD
  • Total Interest: 14,058 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)
37.95
  • + tax
  • + fuel
  • + insurance
(inlcuding the 3,000CAD incentive)
  • 42.31CAD/100km (TODAY without the Cash Incentive)
  • 91.05CAD/100km (Original Contract back in Feb, 2020)
Time Analysis
Cost per day: (CAD)
53.70
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 3,000CAD incentive)
  • 59.87CAD/day (Original Contract back in Feb, 2020)
Remaining Km
Can be driven up to:
993.20
  • km/week
  • without any
  • additional costs
Excess km cost: 0.30CAD
  • 461.54km/week (Contract Original back in Feb, 2020)

Seller Contact Info

This Contract was Already Transferred.

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