Payment Analysis

334.24CAD/monthin Mississauga, ON
    Before Taxes:
  • 334.24 CAD/month
  • 154.26 CAD/bi-weekly
  • 77.13 CAD/week
  • 4,010.88 CAD/year
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: 11,160 ~ 12,460 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 573
This Contract (CAD/month) 334
Monthly Difference 239 CAD/month
Remaining Term x 40 months
Total Monthly Difference = 9,560 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 11,160 ~ 12,460

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 20,876 CAD
  • Total Vehicle Debt: 28,446 CAD
  • Paid so Far: 7,570 CAD (26% Paid)
  • Remaining Lease Payments: 13,370 CAD
  • Residual Value: 7,507 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,570 CAD Total Vehicle Value: 28,446 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 885 CAD Remaining Term: 13,370 CAD
Term Paid so Far: 6,685 CAD Residual Value: 7,507 CAD
3%
23%
47%
27%
Cost to Own
Already Paid: 7,570 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 20,876 CAD
26% Paid
0%
74%
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: 20,876 CAD

  • 4.9%Interest Rate x 48 months
  • 480 CAD/month + tax
  • Total Payable: 23,031 CAD
  • Total Interest: 2,155 CAD
  • 8.9%Interest Rate x 48 months
  • 519 CAD/month + tax
  • Total Payable: 24,889 CAD
  • Total Interest: 4,013 CAD
  • 14.9%Interest Rate x 48 months
  • 580 CAD/month + tax
  • Total Payable: 27,837 CAD
  • Total Interest: 6,961 CAD

At the end of the Lease Contract

Residual Value: 7,507 CAD (in 40 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)
17.14
  • + tax
  • + fuel
  • + insurance
(or 0.17CAD per km)
  • 20.05CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
10.99
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
450.00
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in May, 2017)