Payment Analysis
334.24CAD/monthin Mississauga, ON
- 334.24 CAD/month
- 154.26 CAD/bi-weekly
- 77.13 CAD/week
- 4,010.88 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 377.69 CAD/month
- 174.32 CAD/bi-weekly
- 87.16 CAD/week
- 4,532.29 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:
7,097 ~ 8,397 CAD
compared to leasing a BRAND NEW:
- Chevrolet Cruze LT
- for 36 months
- in Ontario
- $0 down payment
- 20,000 km/year
Leasing New (CAD/month) | 573 |
---|---|
This Contract (CAD/month) | 334 |
Monthly Difference | 239 CAD/month |
Remaining Term | x 23 months |
Total Monthly Difference | = 5,497 CAD |
+ Winter Tires Cost (CAD) | + 800 ~ 1,200 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 7,097 ~ 8,397 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
15,194 CAD
- Total Vehicle Debt: 28,446 CAD
- Paid so Far: 13,252 CAD (46% Paid)
- Remaining Lease Payments: 7,688 CAD
- Residual Value: 7,507 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 13,252 CAD Total Vehicle Value: 28,446 CAD
Vehicle Debt Breakdown
Downpayment: 885 CAD Remaining Term: 7,688 CAD
Term Paid so Far: 12,367 CAD Residual Value: 7,507 CAD
Cost to Own
Already Paid: 13,252 CAD (46%)
Cash Incentive: 0 CAD Buyout Price Today: 15,194 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: 15,194 CAD
- 4.9%Interest Rate x 48 months
- 349 CAD/month + tax
- Total Payable: 16,763 CAD
- Total Interest: 1,569 CAD
- 8.9%Interest Rate x 48 months
- 377 CAD/month + tax
- Total Payable: 18,115 CAD
- Total Interest: 2,920 CAD
- 14.9%Interest Rate x 48 months
- 422 CAD/month + tax
- Total Payable: 20,261 CAD
- Total Interest: 5,066 CAD
At the end of the Lease Contract
Residual Value: 7,507 CAD (in 23 months)
- 4.9%Interest Rate x 48 months
- 173 CAD/month + tax
- Total Payable: 8,282 CAD
- Total Interest: 775 CAD
- 8.9%Interest Rate x 48 months
- 186 CAD/month + tax
- Total Payable: 8,949 CAD
- Total Interest: 1,443 CAD
- 14.9%Interest Rate x 48 months
- 209 CAD/month + tax
- Total Payable: 10,010 CAD
- Total Interest: 2,503 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)
9.86
- + tax
- + fuel
- + insurance
- 20.05CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
10.99
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
782.61
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2017)