Payment Analysis

594.74CAD/monthin London, ON
    Before Taxes:
  • 594.74 CAD/month
  • 274.50 CAD/bi-weekly
  • 137.25 CAD/week
  • 7,136.88 CAD/year
Incl. Ontario Taxes (13%):
  • 672.06 CAD/month
  • 310.18 CAD/bi-weekly
  • 155.09 CAD/week
  • 8,064.67 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: 9,844 CAD

compared to leasing a BRAND NEW:

  • 2019 Ford F-150 XLT SuperCrew®, 6-1/2' Box, 5.0L V8 Engine with Auto Start/Stop Technology, Electronic Ten-Speed Automatic Transmission with Tow/Haul and Sport Mode, 4X4
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 862
This Contract (CAD/month) 595
Monthly Difference 268 CAD/month
Remaining Term x 33 months
Total Monthly Difference = 8,844 CAD
+ Cash Incentive** (CAD) + 1,000
Total Savings (CAD) = 9,844
** "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: 43,441 CAD
  • Total Vehicle Debt: 45,630 CAD
  • Paid so Far: 1,189 CAD (2% Paid)
  • Remaining Lease Payments: 19,626 CAD
  • Residual Value: 24,814 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 1,189 CAD Total Vehicle Value: 45,630 CAD
2% Paid
98%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 19,626 CAD
Term Paid so Far: 1,189 CAD Residual Value: 24,814 CAD
0%
2%
43%
55%
Cost to Own
Already Paid: 1,189 CAD (2%)
Cash Incentive: 1,000 CAD Buyout Price Today: 43,441 CAD
2% Paid
2%
96%
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: 43,441 CAD

  • 4.9%Interest Rate x 48 months
  • 998 CAD/month + tax
  • Total Payable: 47,925 CAD
  • Total Interest: 4,485 CAD
  • 8.9%Interest Rate x 48 months
  • 1,079 CAD/month + tax
  • Total Payable: 51,790 CAD
  • Total Interest: 8,349 CAD
  • 14.9%Interest Rate x 48 months
  • 1,207 CAD/month + tax
  • Total Payable: 57,926 CAD
  • Total Interest: 14,485 CAD

At the end of the Lease Contract

Residual Value: 24,814 CAD (in 33 months)

  • 4.9%Interest Rate x 48 months
  • 570 CAD/month + tax
  • Total Payable: 27,376 CAD
  • Total Interest: 2,562 CAD
  • 8.9%Interest Rate x 48 months
  • 616 CAD/month + tax
  • Total Payable: 29,584 CAD
  • Total Interest: 4,769 CAD
  • 14.9%Interest Rate x 48 months
  • 689 CAD/month + tax
  • Total Payable: 33,088 CAD
  • Total Interest: 8,274 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)
36.58
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
Time Analysis
Cost per day: (CAD)
18.56
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
Remaining Km
Can be driven up to:
356.06
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD

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2017 Chevrolet Silverado 1500 LT (ID: #42458)
594
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2017 Chevrolet

Silverado 1500 LT Automatique AWD

Payment Details
  • Current Payment: 594 CAD/month + tax
  • Months to End: 53 months (Sep, 2028)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 111,000 km total
  • Available Now: 6,566 km/year (547 per month)
See all Details