Payment Analysis
707.00CAD/monthin Markham, ON
- 707.00 CAD/month
- 326.31 CAD/bi-weekly
- 163.15 CAD/week
- 8,484.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 798.91 CAD/month
- 368.73 CAD/bi-weekly
- 184.36 CAD/week
- 9,586.92 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:
4,570 ~ 5,470 CAD
compared to leasing a BRAND NEW:
- Ford EXPLORER LIMITED
- for 36 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 777 |
|---|---|
| This Contract (CAD/month) | 707 |
| Monthly Difference | 70 CAD/month |
| Remaining Term | x 11 months |
| Total Monthly Difference | = 770 CAD |
| + Cash Incentive** (CAD) | + 3,000 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 4,570 ~ 5,470 |
| ** "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:
28,212 CAD
- Total Vehicle Debt: 57,014 CAD
- Paid so Far: 25,802 CAD (45% Paid)
- Remaining Lease Payments: 7,777 CAD
- Residual Value: 23,435 CAD
- Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 25,802 CAD Total Vehicle Value: 57,014 CAD
Vehicle Debt Breakdown
Downpayment: 350 CAD Remaining Term: 7,777 CAD
Term Paid so Far: 25,452 CAD Residual Value: 23,435 CAD
Cost to Own
Already Paid: 25,802 CAD (45%)
Cash Incentive: 3,000 CAD Buyout Price Today: 28,212 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: 28,212 CAD
- 4.9%Interest Rate x 48 months
- 648 CAD/month + tax
- Total Payable: 31,124 CAD
- Total Interest: 2,912 CAD
- 8.9%Interest Rate x 48 months
- 701 CAD/month + tax
- Total Payable: 33,634 CAD
- Total Interest: 5,422 CAD
- 14.9%Interest Rate x 48 months
- 784 CAD/month + tax
- Total Payable: 37,619 CAD
- Total Interest: 9,407 CAD
At the end of the Lease Contract
Residual Value: 23,435 CAD (in 11 months)
- 4.9%Interest Rate x 48 months
- 539 CAD/month + tax
- Total Payable: 25,854 CAD
- Total Interest: 2,419 CAD
- 8.9%Interest Rate x 48 months
- 582 CAD/month + tax
- Total Payable: 27,939 CAD
- Total Interest: 4,504 CAD
- 14.9%Interest Rate x 48 months
- 651 CAD/month + tax
- Total Payable: 31,249 CAD
- Total Interest: 7,814 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)
8.79
- + tax
- + fuel
- + insurance
- 14.31CAD/100km (TODAY without the Cash Incentive)
- 42.42CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
14.28
- + tax
- + insurance
- + km driven & fuel
- 23.24CAD/day (Original Contract back in Aug, 2020)
Remaining Km
Can be driven up to:
1,139.86
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Aug, 2020)
Seller Contact Info
This Contract was Already Transferred.
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