Payment Analysis
725.62CAD/monthin Maple, ON
- 725.62 CAD/month
- 334.90 CAD/bi-weekly
- 167.45 CAD/week
- 8,707.44 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 819.95 CAD/month
- 378.44 CAD/bi-weekly
- 189.22 CAD/week
- 9,839.41 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:
20,230 ~ 21,130 CAD
compared to leasing a BRAND NEW:
- LINCOLN MKZ RESERVE HYBRID, 2.0L Hybrid Engine, Continuously Variable Powersplit Transmission
- for 24 months
- in Ontario
- $0 down payment
- 25,000 km/year
Leasing New (CAD/month) | 1,120 |
---|---|
This Contract (CAD/month) | 726 |
Monthly Difference | 395 CAD/month |
Remaining Term | x 34 months |
Total Monthly Difference | = 13,430 CAD |
+ Cash Incentive** (CAD) | + 6,000 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 20,230 ~ 21,130 |
** "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:
39,928 CAD
- Total Vehicle Debt: 57,216 CAD
- Paid so Far: 11,288 CAD (19% Paid)
- Remaining Lease Payments: 24,671 CAD
- Residual Value: 21,257 CAD
- Cash Incentive: 6,000 CAD
Vehicle Debt & Value
Paid so far: 11,288 CAD Total Vehicle Value: 57,216 CAD
Vehicle Debt Breakdown
Downpayment: 1,130 CAD Remaining Term: 24,671 CAD
Term Paid so Far: 10,159 CAD Residual Value: 21,257 CAD
Cost to Own
Already Paid: 11,288 CAD (19%)
Cash Incentive: 6,000 CAD Buyout Price Today: 39,928 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: 39,928 CAD
- 4.9%Interest Rate x 48 months
- 918 CAD/month + tax
- Total Payable: 44,049 CAD
- Total Interest: 4,122 CAD
- 8.9%Interest Rate x 48 months
- 992 CAD/month + tax
- Total Payable: 47,602 CAD
- Total Interest: 7,674 CAD
- 14.9%Interest Rate x 48 months
- 1,109 CAD/month + tax
- Total Payable: 53,241 CAD
- Total Interest: 13,314 CAD
At the end of the Lease Contract
Residual Value: 21,257 CAD (in 34 months)
- 4.9%Interest Rate x 48 months
- 489 CAD/month + tax
- Total Payable: 23,451 CAD
- Total Interest: 2,194 CAD
- 8.9%Interest Rate x 48 months
- 528 CAD/month + tax
- Total Payable: 25,342 CAD
- Total Interest: 4,086 CAD
- 14.9%Interest Rate x 48 months
- 591 CAD/month + tax
- Total Payable: 28,344 CAD
- Total Interest: 7,088 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)
25.86
- + tax
- + fuel
- + insurance
- 34.17CAD/100km (TODAY without the Cash Incentive)
- 34.83CAD/100km (Original Contract back in Jun, 2017)
Time Analysis
Cost per day: (CAD)
18.05
- + tax
- + insurance
- + km driven & fuel
- 23.86CAD/day (Original Contract back in Jun, 2017)
Remaining Km
Can be driven up to:
490.05
- km/week
- without any
- additional costs
- 480.77km/week (Contract Original back in Jun, 2017)
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