Payment Analysis

500.00CAD/monthin Prince Albert, SK
    Before Taxes:
  • 500.00 CAD/month
  • 230.77 CAD/bi-weekly
  • 115.38 CAD/week
  • 6,000.00 CAD/year
Incl. Saskatchewan Taxes (11%):
  • 555.00 CAD/month
  • 256.15 CAD/bi-weekly
  • 128.08 CAD/week
  • 6,660.00 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: 7,232 ~ 8,532 CAD

compared to leasing a BRAND NEW:

  • GMC SIERRA 1500 LTD 2WD CREW CAB
  • for 24 months
  • in SK
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,012
This Contract (CAD/month) 500
Monthly Difference 512 CAD/month
Remaining Term x 11 months
Total Monthly Difference = 5,632 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 7,232 ~ 8,532

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 30,966 CAD
  • Total Vehicle Debt: 52,619 CAD
  • Paid so Far: 21,653 CAD (41% Paid)
  • Remaining Lease Payments: 5,500 CAD
  • Residual Value: 25,466 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 21,653 CAD Total Vehicle Value: 52,619 CAD
41% Paid
59%
Vehicle Debt Breakdown
Downpayment: 3,153 CAD Remaining Term: 5,500 CAD
Term Paid so Far: 18,500 CAD Residual Value: 25,466 CAD
5%
36%
10%
49%
Cost to Own
Already Paid: 21,653 CAD (41%)
Cash Incentive: 0 CAD Buyout Price Today: 30,966 CAD
41% Paid
0%
59%
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: 30,966 CAD

  • 4.9%Interest Rate x 48 months
  • 712 CAD/month + tax
  • Total Payable: 34,163 CAD
  • Total Interest: 3,197 CAD
  • 8.9%Interest Rate x 48 months
  • 769 CAD/month + tax
  • Total Payable: 36,918 CAD
  • Total Interest: 5,952 CAD
  • 14.9%Interest Rate x 48 months
  • 860 CAD/month + tax
  • Total Payable: 41,291 CAD
  • Total Interest: 10,325 CAD

At the end of the Lease Contract

Residual Value: 25,466 CAD (in 11 months)

  • 4.9%Interest Rate x 48 months
  • 585 CAD/month + tax
  • Total Payable: 28,095 CAD
  • Total Interest: 2,629 CAD
  • 8.9%Interest Rate x 48 months
  • 633 CAD/month + tax
  • Total Payable: 30,361 CAD
  • Total Interest: 4,895 CAD
  • 14.9%Interest Rate x 48 months
  • 707 CAD/month + tax
  • Total Payable: 33,957 CAD
  • Total Interest: 8,491 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)
12.36
  • + tax
  • + fuel
  • + insurance
(or 0.12CAD per km)
  • 30.00CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
16.44
  • + tax
  • + insurance
  • + km driven & fuel
(0.30CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
933.46
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Jul, 2020)

Seller Contact Info

This Contract was Already Transferred.