Payment Analysis
500.00CAD/monthin Prince Albert, SK
- 500.00 CAD/month
- 230.77 CAD/bi-weekly
- 115.38 CAD/week
- 6,000.00 CAD/year
Before Taxes:
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
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
Vehicle Debt Breakdown
Downpayment: 3,153 CAD Remaining Term: 5,500 CAD
Term Paid so Far: 18,500 CAD Residual Value: 25,466 CAD
Cost to Own
Already Paid: 21,653 CAD (41%)
Cash Incentive: 0 CAD Buyout Price Today: 30,966 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: 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
- 30.00CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
16.44
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
933.46
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jul, 2020)