Payment Analysis
467.00CAD/monthin Calgary, AB
- 467.00 CAD/month
- 215.54 CAD/bi-weekly
- 107.77 CAD/week
- 5,604.00 CAD/year
Before Taxes:
Incl. Alberta Taxes (5%):
- 490.35 CAD/month
- 226.32 CAD/bi-weekly
- 113.16 CAD/week
- 5,884.20 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:
8,670 CAD
compared to leasing a BRAND NEW:
- GMC Sierra Elevation Automatic
- for 24 months
- in Alberta
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 722 |
|---|---|
| This Contract (CAD/month) | 467 |
| Monthly Difference | 255 CAD/month |
| Remaining Term | x 34 months |
| Total Monthly Difference | = 8,670 CAD |
| Total Savings (CAD) | = 8,670 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
32,074 CAD
- Total Vehicle Debt: 40,112 CAD
- Paid so Far: 8,038 CAD (20% Paid)
- Remaining Lease Payments: 15,878 CAD
- Residual Value: 16,196 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,038 CAD Total Vehicle Value: 40,112 CAD
Vehicle Debt Breakdown
Downpayment: 1,500 CAD Remaining Term: 15,878 CAD
Term Paid so Far: 6,538 CAD Residual Value: 16,196 CAD
Cost to Own
Already Paid: 8,038 CAD (20%)
Cash Incentive: 0 CAD Buyout Price Today: 32,074 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: 32,074 CAD
- 4.9%Interest Rate x 48 months
- 737 CAD/month + tax
- Total Payable: 35,385 CAD
- Total Interest: 3,311 CAD
- 8.9%Interest Rate x 48 months
- 797 CAD/month + tax
- Total Payable: 38,239 CAD
- Total Interest: 6,165 CAD
- 14.9%Interest Rate x 48 months
- 891 CAD/month + tax
- Total Payable: 42,769 CAD
- Total Interest: 10,695 CAD
At the end of the Lease Contract
Residual Value: 16,196 CAD (in 34 months)
- 4.9%Interest Rate x 48 months
- 372 CAD/month + tax
- Total Payable: 17,868 CAD
- Total Interest: 1,672 CAD
- 8.9%Interest Rate x 48 months
- 402 CAD/month + tax
- Total Payable: 19,309 CAD
- Total Interest: 3,113 CAD
- 14.9%Interest Rate x 48 months
- 450 CAD/month + tax
- Total Payable: 21,596 CAD
- Total Interest: 5,400 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)
16.64
- + tax
- + fuel
- + insurance
- 18.68CAD/100km (Original Contract back in Jun, 2017)
Time Analysis
Cost per day: (CAD)
15.35
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
647.71
- km/week
- without any
- additional costs
- 576.92km/week (Contract Original back in Jun, 2017)
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- Months to End: 45 months (Mar, 2028)
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- Contract Allowance: 24,000 km/year
- Current Odometer: 39,015 km total
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