Payment Analysis

427.00CAD/monthin Richmond BC
    Before Taxes:
  • 427.00 CAD/month
  • 197.08 CAD/bi-weekly
  • 98.54 CAD/week
  • 5,124.00 CAD/year
Incl. B.C. Taxes (12%):
  • 478.24 CAD/month
  • 220.73 CAD/bi-weekly
  • 110.36 CAD/week
  • 5,738.88 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: 800 ~ 1,700 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 12 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 427
This Contract (CAD/month) 427
Monthly Difference 0 CAD/month
Remaining Term x 4 months
Total Monthly Difference = 0 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 800 ~ 1,700

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 11,704 CAD
  • Total Vehicle Debt: 35,189 CAD
  • Paid so Far: 23,485 CAD (66% Paid)
  • Remaining Lease Payments: 1,708 CAD
  • Residual Value: 9,996 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 23,485 CAD Total Vehicle Value: 35,189 CAD
66% Paid
34%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,708 CAD
Term Paid so Far: 23,485 CAD Residual Value: 9,996 CAD
0%
66%
4%
30%
Cost to Own
Already Paid: 23,485 CAD (66%)
Cash Incentive: 0 CAD Buyout Price Today: 11,704 CAD
66% Paid
0%
34%
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: 11,704 CAD

  • 4.9%Interest Rate x 48 months
  • 269 CAD/month + tax
  • Total Payable: 12,912 CAD
  • Total Interest: 1,208 CAD
  • 8.9%Interest Rate x 48 months
  • 291 CAD/month + tax
  • Total Payable: 13,954 CAD
  • Total Interest: 2,250 CAD
  • 14.9%Interest Rate x 48 months
  • 325 CAD/month + tax
  • Total Payable: 15,607 CAD
  • Total Interest: 3,903 CAD

At the end of the Lease Contract

Residual Value: 9,996 CAD (in 4 months)

  • 4.9%Interest Rate x 48 months
  • 230 CAD/month + tax
  • Total Payable: 11,028 CAD
  • Total Interest: 1,032 CAD
  • 8.9%Interest Rate x 48 months
  • 248 CAD/month + tax
  • Total Payable: 11,917 CAD
  • Total Interest: 1,921 CAD
  • 14.9%Interest Rate x 48 months
  • 278 CAD/month + tax
  • Total Payable: 13,329 CAD
  • Total Interest: 3,333 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)
1.65
  • + tax
  • + fuel
  • + insurance
(or 0.02CAD per km)
  • 21.35CAD/100km (Original Contract back in Nov, 2020)
Time Analysis
Cost per day: (CAD)
14.04
  • + tax
  • + insurance
  • + km driven & fuel
(0.82CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
5,971.15
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 461.54km/week (Contract Original back in Nov, 2020)

Seller Contact Info

This Contract was Already Transferred.

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