Payment Analysis

484.00CAD/monthin Whitby, ON
    Before Taxes:
  • 484.00 CAD/month
  • 223.38 CAD/bi-weekly
  • 111.69 CAD/week
  • 5,808.00 CAD/year
Incl. Ontario Taxes (13%):
  • 546.92 CAD/month
  • 252.42 CAD/bi-weekly
  • 126.21 CAD/week
  • 6,563.04 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: 1,263 ~ 2,163 CAD

compared to leasing a BRAND NEW:

  • Chevrolet EQUINOX AWD LT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 475
This Contract (CAD/month) 484
Monthly Difference -9 CAD/month
Remaining Term x 3 months
Total Monthly Difference = -27 CAD
+ Cash Incentive** (CAD) + 490
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,263 ~ 2,163
** "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: 16,608 CAD
  • Total Vehicle Debt: 44,202 CAD
  • Paid so Far: 27,104 CAD (61% Paid)
  • Remaining Lease Payments: 1,452 CAD
  • Residual Value: 15,646 CAD
  • Cash Incentive: 490 CAD
Vehicle Debt & Value
Paid so far: 27,104 CAD Total Vehicle Value: 44,202 CAD
61% Paid
39%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,452 CAD
Term Paid so Far: 27,104 CAD Residual Value: 15,646 CAD
0%
61%
3%
36%
Cost to Own
Already Paid: 27,104 CAD (61%)
Cash Incentive: 490 CAD Buyout Price Today: 16,608 CAD
61% Paid
1%
38%
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: 16,608 CAD

  • 4.9%Interest Rate x 48 months
  • 382 CAD/month + tax
  • Total Payable: 18,322 CAD
  • Total Interest: 1,714 CAD
  • 8.9%Interest Rate x 48 months
  • 413 CAD/month + tax
  • Total Payable: 19,800 CAD
  • Total Interest: 3,192 CAD
  • 14.9%Interest Rate x 48 months
  • 461 CAD/month + tax
  • Total Payable: 22,146 CAD
  • Total Interest: 5,538 CAD

At the end of the Lease Contract

Residual Value: 15,646 CAD (in 3 months)

  • 4.9%Interest Rate x 48 months
  • 360 CAD/month + tax
  • Total Payable: 17,261 CAD
  • Total Interest: 1,615 CAD
  • 8.9%Interest Rate x 48 months
  • 389 CAD/month + tax
  • Total Payable: 18,653 CAD
  • Total Interest: 3,007 CAD
  • 14.9%Interest Rate x 48 months
  • 435 CAD/month + tax
  • Total Payable: 20,863 CAD
  • Total Interest: 5,217 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)
2.37
  • + tax
  • + fuel
  • + insurance
(inlcuding the 490CAD incentive)
  • 3.57CAD/100km (TODAY without the Cash Incentive)
  • 29.04CAD/100km (Original Contract back in Aug, 2019)
Time Analysis
Cost per day: (CAD)
10.54
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 490CAD incentive)
  • 15.91CAD/day (Original Contract back in Aug, 2019)
Remaining Km
Can be driven up to:
3,124.87
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Aug, 2019)

Seller Contact Info

This Contract was Already Transferred.

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