Payment Analysis
222.00CAD/monthin Toronto, ON
- 222.00 CAD/month
- 102.46 CAD/bi-weekly
- 51.23 CAD/week
- 2,664.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 250.86 CAD/month
- 115.78 CAD/bi-weekly
- 57.89 CAD/week
- 3,010.32 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:
5,500 CAD
compared to leasing a BRAND NEW:
- Chevrolet Spark
- for 24 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 332 |
|---|---|
| This Contract (CAD/month) | 222 |
| Monthly Difference | 110 CAD/month |
| Remaining Term | x 50 months |
| Total Monthly Difference | = 5,500 CAD |
| Total Savings (CAD) | = 5,500 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
19,300 CAD
- Total Vehicle Debt: 15,970 CAD
- Paid so Far: -3,330 CAD (-21% Paid)
- Remaining Lease Payments: 11,100 CAD
- Residual Value: 8,200 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -3,330 CAD Total Vehicle Value: 15,970 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 11,100 CAD
Term Paid so Far: -3,330 CAD Residual Value: 8,200 CAD
Cost to Own
Already Paid: -3,330 CAD (-21%)
Cash Incentive: 0 CAD Buyout Price Today: 19,300 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: 19,300 CAD
- 4.9%Interest Rate x 48 months
- 444 CAD/month + tax
- Total Payable: 21,292 CAD
- Total Interest: 1,992 CAD
- 8.9%Interest Rate x 48 months
- 479 CAD/month + tax
- Total Payable: 23,010 CAD
- Total Interest: 3,710 CAD
- 14.9%Interest Rate x 48 months
- 536 CAD/month + tax
- Total Payable: 25,735 CAD
- Total Interest: 6,435 CAD
At the end of the Lease Contract
Residual Value: 8,200 CAD (in 50 months)
- 4.9%Interest Rate x 48 months
- 188 CAD/month + tax
- Total Payable: 9,047 CAD
- Total Interest: 847 CAD
- 8.9%Interest Rate x 48 months
- 204 CAD/month + tax
- Total Payable: 9,776 CAD
- Total Interest: 1,576 CAD
- 14.9%Interest Rate x 48 months
- 228 CAD/month + tax
- Total Payable: 10,934 CAD
- Total Interest: 2,734 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)
25.32
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
7.30
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
202.31
- km/week
- without any
- additional costs
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- Current Payment: 365 CAD/month + tax
- Cash Incentive: 1,000 CAD
- Payment After Incentive: 339 CAD/month + tax
- Original Downpayment: 500 CAD
- Residual Value: 22,099 CAD
- Months to End: 39 months (Aug, 2027)
Vehicle Status
- Contract Allowance: 24,000 km/year
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- Current Payment: 342 CAD/month + tax
- Months to End: 52 months (Sep, 2028)
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- Current Odometer: 30,600 km total
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