Payment Analysis

707.00CAD/monthin Markham, ON
    Before Taxes:
  • 707.00 CAD/month
  • 326.31 CAD/bi-weekly
  • 163.15 CAD/week
  • 8,484.00 CAD/year
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: 4,010 ~ 4,910 CAD

compared to leasing a BRAND NEW:

  • Ford EXPLORER LIMITED
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 777
This Contract (CAD/month) 707
Monthly Difference 70 CAD/month
Remaining Term x 3 months
Total Monthly Difference = 210 CAD
+ Cash Incentive** (CAD) + 3,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,010 ~ 4,910
** "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: 22,556 CAD
  • Total Vehicle Debt: 57,014 CAD
  • Paid so Far: 31,458 CAD (55% Paid)
  • Remaining Lease Payments: 2,121 CAD
  • Residual Value: 23,435 CAD
  • Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 31,458 CAD Total Vehicle Value: 57,014 CAD
55% Paid
45%
Vehicle Debt Breakdown
Downpayment: 350 CAD Remaining Term: 2,121 CAD
Term Paid so Far: 31,108 CAD Residual Value: 23,435 CAD
0%
55%
3%
42%
Cost to Own
Already Paid: 31,458 CAD (55%)
Cash Incentive: 3,000 CAD Buyout Price Today: 22,556 CAD
55% Paid
5%
40%
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: 22,556 CAD

  • 4.9%Interest Rate x 48 months
  • 518 CAD/month + tax
  • Total Payable: 24,884 CAD
  • Total Interest: 2,328 CAD
  • 8.9%Interest Rate x 48 months
  • 560 CAD/month + tax
  • Total Payable: 26,891 CAD
  • Total Interest: 4,335 CAD
  • 14.9%Interest Rate x 48 months
  • 627 CAD/month + tax
  • Total Payable: 30,077 CAD
  • Total Interest: 7,521 CAD

At the end of the Lease Contract

Residual Value: 23,435 CAD (in 3 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)
-1.62
  • + tax
  • + fuel
  • + insurance
(inlcuding the 3,000CAD incentive)
  • 3.90CAD/100km (TODAY without the Cash Incentive)
  • 42.42CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
-9.63
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 3,000CAD incentive)
  • 23.24CAD/day (Original Contract back in Aug, 2020)
Remaining Km
Can be driven up to:
4,179.49
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Aug, 2020)

Seller Contact Info

This Contract was Already Transferred.

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