Payment Analysis
640.92CAD/monthin Oakville, ON
- 640.92 CAD/month
- 295.81 CAD/bi-weekly
- 147.90 CAD/week
- 7,691.04 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 724.24 CAD/month
- 334.26 CAD/bi-weekly
- 167.13 CAD/week
- 8,690.88 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:
9,598 CAD
compared to leasing a BRAND NEW:
- Chevrolet Silverado 1500 5.3L V8
- for 48 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 734 |
|---|---|
| This Contract (CAD/month) | 641 |
| Monthly Difference | 94 CAD/month |
| Remaining Term | x 17 months |
| Total Monthly Difference | = 1,598 CAD |
| + Cash Incentive** (CAD) | + 8,000 |
| Total Savings (CAD) | = 9,598 |
| ** "Cash Incentive" is not just a saving, it is physical money. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
21,436 CAD
- Total Vehicle Debt: 56,354 CAD
- Paid so Far: 26,919 CAD (47% Paid)
- Remaining Lease Payments: 10,896 CAD
- Residual Value: 18,540 CAD
- Cash Incentive: 8,000 CAD
Vehicle Debt & Value
Paid so far: 26,919 CAD Total Vehicle Value: 56,354 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 10,896 CAD
Term Paid so Far: 26,919 CAD Residual Value: 18,540 CAD
Cost to Own
Already Paid: 26,919 CAD (47%)
Cash Incentive: 8,000 CAD Buyout Price Today: 21,436 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: 21,436 CAD
- 4.9%Interest Rate x 48 months
- 493 CAD/month + tax
- Total Payable: 23,649 CAD
- Total Interest: 2,213 CAD
- 8.9%Interest Rate x 48 months
- 532 CAD/month + tax
- Total Payable: 25,556 CAD
- Total Interest: 4,120 CAD
- 14.9%Interest Rate x 48 months
- 595 CAD/month + tax
- Total Payable: 28,583 CAD
- Total Interest: 7,148 CAD
At the end of the Lease Contract
Residual Value: 18,540 CAD (in 17 months)
- 4.9%Interest Rate x 48 months
- 426 CAD/month + tax
- Total Payable: 20,454 CAD
- Total Interest: 1,914 CAD
- 8.9%Interest Rate x 48 months
- 460 CAD/month + tax
- Total Payable: 22,103 CAD
- Total Interest: 3,563 CAD
- 14.9%Interest Rate x 48 months
- 515 CAD/month + tax
- Total Payable: 24,722 CAD
- Total Interest: 6,182 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)
6.60
- + tax
- + fuel
- + insurance
- 24.84CAD/100km (TODAY without the Cash Incentive)
- 76.91CAD/100km (Original Contract back in Nov, 2017)
Time Analysis
Cost per day: (CAD)
5.60
- + tax
- + insurance
- + km driven & fuel
- 21.07CAD/day (Original Contract back in Nov, 2017)
Remaining Km
Can be driven up to:
595.48
- km/week
- without any
- additional costs
- 192.31km/week (Contract Original back in Nov, 2017)
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- Contract Allowance: 16,000 km/year
- Current Odometer: 43,000 km total
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SAVE ~-6,000 CAD
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- Original Downpayment: 8,000 CAD
- Residual Value: 60,058 CAD
- Months to End: 17 months (Oct, 2025)
Vehicle Status
- Contract Allowance: 16,000 km/year
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- Cash Incentive: 3,000 CAD
- Payment After Incentive: 716 CAD/month + tax
- Residual Value: 25,900 CAD
- Months to End: 37 months (Jun, 2027)
Vehicle Status
- Contract Allowance: 24,000 km/year
- Current Odometer: 34,000 km total
- Available Now: 20,108 km/year (1,676 per month)
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Payment Details
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