Payment Analysis

500.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 500.00 CAD/month
  • 230.77 CAD/bi-weekly
  • 115.38 CAD/week
  • 6,000.00 CAD/year
Incl. Alberta Taxes (5%):
  • 525.00 CAD/month
  • 242.31 CAD/bi-weekly
  • 121.15 CAD/week
  • 6,300.00 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: 8,632 ~ 9,532 CAD

compared to leasing a BRAND NEW:

  • 2018 BMW 330i xDrive Sedan
  • for 36 months
  • in Alberta
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 672
This Contract (CAD/month) 500
Monthly Difference 172 CAD/month
Remaining Term x 31 months
Total Monthly Difference = 5,332 CAD
+ Cash Incentive** (CAD) + 2,500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 8,632 ~ 9,532
** "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: 37,642 CAD
  • Total Vehicle Debt: 50,201 CAD
  • Paid so Far: 10,059 CAD (20% Paid)
  • Remaining Lease Payments: 15,500 CAD
  • Residual Value: 24,642 CAD
  • Cash Incentive: 2,500 CAD
Vehicle Debt & Value
Paid so far: 10,059 CAD Total Vehicle Value: 50,201 CAD
20% Paid
80%
Vehicle Debt Breakdown
Downpayment: 1,559 CAD Remaining Term: 15,500 CAD
Term Paid so Far: 8,500 CAD Residual Value: 24,642 CAD
3%
17%
30%
50%
Cost to Own
Already Paid: 10,059 CAD (20%)
Cash Incentive: 2,500 CAD Buyout Price Today: 37,642 CAD
20% Paid
4%
76%
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: 37,642 CAD

  • 4.9%Interest Rate x 48 months
  • 865 CAD/month + tax
  • Total Payable: 41,528 CAD
  • Total Interest: 3,886 CAD
  • 8.9%Interest Rate x 48 months
  • 935 CAD/month + tax
  • Total Payable: 44,877 CAD
  • Total Interest: 7,235 CAD
  • 14.9%Interest Rate x 48 months
  • 1,046 CAD/month + tax
  • Total Payable: 50,193 CAD
  • Total Interest: 12,551 CAD

At the end of the Lease Contract

Residual Value: 24,642 CAD (in 31 months)

  • 4.9%Interest Rate x 48 months
  • 566 CAD/month + tax
  • Total Payable: 27,186 CAD
  • Total Interest: 2,544 CAD
  • 8.9%Interest Rate x 48 months
  • 612 CAD/month + tax
  • Total Payable: 29,378 CAD
  • Total Interest: 4,736 CAD
  • 14.9%Interest Rate x 48 months
  • 685 CAD/month + tax
  • Total Payable: 32,859 CAD
  • Total Interest: 8,217 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)
30.95
  • + tax
  • + fuel
  • + insurance
(inlcuding the 2,500CAD incentive)
  • 36.90CAD/100km (TODAY without the Cash Incentive)
  • 37.50CAD/100km (Original Contract back in Aug, 2017)
Time Analysis
Cost per day: (CAD)
13.79
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 2,500CAD incentive)
  • 16.44CAD/day (Original Contract back in Aug, 2017)
Remaining Km
Can be driven up to:
312.66
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 307.69km/week (Contract Original back in Aug, 2017)

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Payment Details
  • Current Payment: 0 CAD/month + tax
  • Months to End: 4 months (Aug, 2024)
Vehicle Status
  • Contract Allowance: 0 km/year
  • Current Odometer: 0 km total
  • Available Now: 0 km/year (0 per month)
  • Please note that this contract ends in less than a year.
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