Payment Analysis
611.00CAD/monthin Charlottetown, PE
- 611.00 CAD/month
- 282.00 CAD/bi-weekly
- 141.00 CAD/week
- 7,332.00 CAD/year
Before Taxes:
Incl. PEI Taxes (15%):
- 702.65 CAD/month
- 324.30 CAD/bi-weekly
- 162.15 CAD/week
- 8,431.80 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:
819 ~ 1,719 CAD
compared to leasing a BRAND NEW:
- CHEVROLET COLORADO 4WD CREW CAB, SHORT BOX Z71
- for 24 months
- in PE
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 630 |
|---|---|
| This Contract (CAD/month) | 611 |
| Monthly Difference | 19 CAD/month |
| Remaining Term | x 1 months |
| Total Monthly Difference | = 19 CAD |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 819 ~ 1,719 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
17,636 CAD
- Total Vehicle Debt: 53,074 CAD
- Paid so Far: 35,438 CAD (66% Paid)
- Remaining Lease Payments: 611 CAD
- Residual Value: 17,025 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 35,438 CAD Total Vehicle Value: 53,074 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 611 CAD
Term Paid so Far: 35,438 CAD Residual Value: 17,025 CAD
Cost to Own
Already Paid: 35,438 CAD (66%)
Cash Incentive: 0 CAD Buyout Price Today: 17,636 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: 17,636 CAD
- 4.9%Interest Rate x 48 months
- 405 CAD/month + tax
- Total Payable: 19,457 CAD
- Total Interest: 1,821 CAD
- 8.9%Interest Rate x 48 months
- 438 CAD/month + tax
- Total Payable: 21,026 CAD
- Total Interest: 3,390 CAD
- 14.9%Interest Rate x 48 months
- 490 CAD/month + tax
- Total Payable: 23,517 CAD
- Total Interest: 5,881 CAD
At the end of the Lease Contract
Residual Value: 17,025 CAD (in 1 months)
- 4.9%Interest Rate x 48 months
- 391 CAD/month + tax
- Total Payable: 18,783 CAD
- Total Interest: 1,758 CAD
- 8.9%Interest Rate x 48 months
- 423 CAD/month + tax
- Total Payable: 20,297 CAD
- Total Interest: 3,272 CAD
- 14.9%Interest Rate x 48 months
- 473 CAD/month + tax
- Total Payable: 22,702 CAD
- Total Interest: 5,677 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)
0.96
- + tax
- + fuel
- + insurance
- 36.66CAD/100km (Original Contract back in Jun, 2019)
Time Analysis
Cost per day: (CAD)
20.09
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
14,615.38
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jun, 2019)
