Payment Analysis

670.40CAD/monthin Richmond Hill, ON
    Before Taxes:
  • 670.40 CAD/month
  • 309.42 CAD/bi-weekly
  • 154.71 CAD/week
  • 8,044.80 CAD/year
Incl. Ontario Taxes (13%):
  • 757.55 CAD/month
  • 349.64 CAD/bi-weekly
  • 174.82 CAD/week
  • 9,090.62 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: 816 CAD

compared to leasing a BRAND NEW:

  • Chevrolet COLORADO 4WD CREW CAB, SHORT BOX ZR2 w/ ZR2 DUSK SPECIAL EDITION ($4,015)
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 806
This Contract (CAD/month) 670
Monthly Difference 136 CAD/month
Remaining Term x 6 months
Total Monthly Difference = 816 CAD
Total Savings (CAD) = 816

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 24,094 CAD
  • Total Vehicle Debt: 59,625 CAD
  • Paid so Far: 35,531 CAD (59% Paid)
  • Remaining Lease Payments: 4,022 CAD
  • Residual Value: 20,072 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 35,531 CAD Total Vehicle Value: 59,625 CAD
59% Paid
41%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 4,022 CAD
Term Paid so Far: 35,531 CAD Residual Value: 20,072 CAD
0%
59%
6%
35%
Cost to Own
Already Paid: 35,531 CAD (59%)
Cash Incentive: 0 CAD Buyout Price Today: 24,094 CAD
59% Paid
0%
41%
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: 24,094 CAD

  • 4.9%Interest Rate x 48 months
  • 554 CAD/month + tax
  • Total Payable: 26,581 CAD
  • Total Interest: 2,487 CAD
  • 8.9%Interest Rate x 48 months
  • 598 CAD/month + tax
  • Total Payable: 28,725 CAD
  • Total Interest: 4,631 CAD
  • 14.9%Interest Rate x 48 months
  • 669 CAD/month + tax
  • Total Payable: 32,128 CAD
  • Total Interest: 8,034 CAD

At the end of the Lease Contract

Residual Value: 20,072 CAD (in 6 months)

  • 4.9%Interest Rate x 48 months
  • 461 CAD/month + tax
  • Total Payable: 22,144 CAD
  • Total Interest: 2,072 CAD
  • 8.9%Interest Rate x 48 months
  • 499 CAD/month + tax
  • Total Payable: 23,929 CAD
  • Total Interest: 3,858 CAD
  • 14.9%Interest Rate x 48 months
  • 558 CAD/month + tax
  • Total Payable: 26,764 CAD
  • Total Interest: 6,693 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)
4.96
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 40.22CAD/100km (Original Contract back in Oct, 2018)
Time Analysis
Cost per day: (CAD)
22.04
  • + tax
  • + insurance
  • + km driven & fuel
(0.55CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
3,116.67
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Oct, 2018)

Seller Contact Info

This Contract was Already Transferred.

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