Payment Analysis

356.27CAD/monthin Calgary, AB
    Before Taxes:
  • 356.27 CAD/month
  • 164.43 CAD/bi-weekly
  • 82.22 CAD/week
  • 4,275.24 CAD/year
Incl. Alberta Taxes (5%):
  • 374.08 CAD/month
  • 172.65 CAD/bi-weekly
  • 86.33 CAD/week
  • 4,489.00 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: 1,952 ~ 3,252 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT Diesel
  • for 48 months
  • in Alberta
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 372
This Contract (CAD/month) 356
Monthly Difference 16 CAD/month
Remaining Term x 22 months
Total Monthly Difference = 352 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,952 ~ 3,252

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 16,490 CAD
  • Total Vehicle Debt: 30,028 CAD
  • Paid so Far: 13,538 CAD (45% Paid)
  • Remaining Lease Payments: 7,838 CAD
  • Residual Value: 8,652 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 13,538 CAD Total Vehicle Value: 30,028 CAD
45% Paid
55%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,838 CAD
Term Paid so Far: 13,538 CAD Residual Value: 8,652 CAD
0%
45%
26%
29%
Cost to Own
Already Paid: 13,538 CAD (45%)
Cash Incentive: 0 CAD Buyout Price Today: 16,490 CAD
45% Paid
0%
55%
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: 16,490 CAD

  • 4.9%Interest Rate x 48 months
  • 379 CAD/month + tax
  • Total Payable: 18,192 CAD
  • Total Interest: 1,702 CAD
  • 8.9%Interest Rate x 48 months
  • 410 CAD/month + tax
  • Total Payable: 19,659 CAD
  • Total Interest: 3,169 CAD
  • 14.9%Interest Rate x 48 months
  • 458 CAD/month + tax
  • Total Payable: 21,988 CAD
  • Total Interest: 5,498 CAD

At the end of the Lease Contract

Residual Value: 8,652 CAD (in 22 months)

  • 4.9%Interest Rate x 48 months
  • 199 CAD/month + tax
  • Total Payable: 9,545 CAD
  • Total Interest: 893 CAD
  • 8.9%Interest Rate x 48 months
  • 215 CAD/month + tax
  • Total Payable: 10,315 CAD
  • Total Interest: 1,663 CAD
  • 14.9%Interest Rate x 48 months
  • 240 CAD/month + tax
  • Total Payable: 11,537 CAD
  • Total Interest: 2,885 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)
9.60
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 17.81CAD/100km (Original Contract back in Jun, 2017)
Time Analysis
Cost per day: (CAD)
11.71
  • + tax
  • + insurance
  • + km driven & fuel
(0.15CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
856.47
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 461.54km/week (Contract Original back in Jun, 2017)

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