Payment Analysis

628.27CAD/monthin Mississauga, ON
    Before Taxes:
  • 628.27 CAD/month
  • 289.97 CAD/bi-weekly
  • 144.99 CAD/week
  • 7,539.24 CAD/year
Incl. Ontario Taxes (13%):
  • 709.95 CAD/month
  • 327.67 CAD/bi-weekly
  • 163.83 CAD/week
  • 8,519.34 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: 1,309 CAD

compared to leasing a BRAND NEW:

  • 2022 Chevrolet COLORADO 4WD CREW CAB, SHORT BOX Z71
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 747
This Contract (CAD/month) 628
Monthly Difference 119 CAD/month
Remaining Term x 11 months
Total Monthly Difference = 1,309 CAD
Total Savings (CAD) = 1,309

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 37,227 CAD
  • Total Vehicle Debt: 60,473 CAD
  • Paid so Far: 23,246 CAD (38% Paid)
  • Remaining Lease Payments: 6,911 CAD
  • Residual Value: 30,316 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 23,246 CAD Total Vehicle Value: 60,473 CAD
38% Paid
62%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,911 CAD
Term Paid so Far: 23,246 CAD Residual Value: 30,316 CAD
0%
38%
11%
51%
Cost to Own
Already Paid: 23,246 CAD (38%)
Cash Incentive: 0 CAD Buyout Price Today: 37,227 CAD
38% Paid
0%
62%
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: 37,227 CAD

  • 4.9%Interest Rate x 48 months
  • 856 CAD/month + tax
  • Total Payable: 41,070 CAD
  • Total Interest: 3,843 CAD
  • 8.9%Interest Rate x 48 months
  • 925 CAD/month + tax
  • Total Payable: 44,382 CAD
  • Total Interest: 7,155 CAD
  • 14.9%Interest Rate x 48 months
  • 1,034 CAD/month + tax
  • Total Payable: 49,640 CAD
  • Total Interest: 12,413 CAD

At the end of the Lease Contract

Residual Value: 30,316 CAD (in 11 months)

  • 4.9%Interest Rate x 48 months
  • 697 CAD/month + tax
  • Total Payable: 33,446 CAD
  • Total Interest: 3,130 CAD
  • 8.9%Interest Rate x 48 months
  • 753 CAD/month + tax
  • Total Payable: 36,143 CAD
  • Total Interest: 5,827 CAD
  • 14.9%Interest Rate x 48 months
  • 842 CAD/month + tax
  • Total Payable: 40,425 CAD
  • Total Interest: 10,109 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)
10.47
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 31.41CAD/100km (Original Contract back in Mar, 2021)
Time Analysis
Cost per day: (CAD)
20.66
  • + tax
  • + insurance
  • + km driven & fuel
(0.30CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,384.62
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 461.54km/week (Contract Original back in Mar, 2021)

Seller Contact Info

This Contract was Already Transferred.

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