Payment Analysis
619.00CAD/monthin Vaughan, ON
- 619.00 CAD/month
- 285.69 CAD/bi-weekly
- 142.85 CAD/week
- 7,428.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 699.47 CAD/month
- 322.83 CAD/bi-weekly
- 161.42 CAD/week
- 8,393.64 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:
5,020 ~ 5,420 CAD
compared to leasing a BRAND NEW:
- Chevrolet TRAVERSE FWD LS
- for 24 months
- in Ontario
- $0 down payment
- 24,000 km/year
Leasing New (CAD/month) | 759 |
---|---|
This Contract (CAD/month) | 619 |
Monthly Difference | 140 CAD/month |
Remaining Term | x 23 months |
Total Monthly Difference | = 3,220 CAD |
+ Cash Incentive** (CAD) | + 1,000 |
+ Winter Tires Cost (CAD) | + 800 ~ 1,200 |
Total Savings (CAD) | = 5,020 ~ 5,420 |
** "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:
26,337 CAD
- Total Vehicle Debt: 53,340 CAD
- Paid so Far: 26,003 CAD (48% Paid)
- Remaining Lease Payments: 14,237 CAD
- Residual Value: 13,100 CAD
- Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 26,003 CAD Total Vehicle Value: 53,340 CAD
Vehicle Debt Breakdown
Downpayment: 3,100 CAD Remaining Term: 14,237 CAD
Term Paid so Far: 22,903 CAD Residual Value: 13,100 CAD
Cost to Own
Already Paid: 26,003 CAD (48%)
Cash Incentive: 1,000 CAD Buyout Price Today: 26,337 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: 26,337 CAD
- 4.9%Interest Rate x 48 months
- 605 CAD/month + tax
- Total Payable: 29,056 CAD
- Total Interest: 2,719 CAD
- 8.9%Interest Rate x 48 months
- 654 CAD/month + tax
- Total Payable: 31,399 CAD
- Total Interest: 5,062 CAD
- 14.9%Interest Rate x 48 months
- 732 CAD/month + tax
- Total Payable: 35,119 CAD
- Total Interest: 8,782 CAD
At the end of the Lease Contract
Residual Value: 13,100 CAD (in 23 months)
- 4.9%Interest Rate x 48 months
- 301 CAD/month + tax
- Total Payable: 14,452 CAD
- Total Interest: 1,352 CAD
- 8.9%Interest Rate x 48 months
- 325 CAD/month + tax
- Total Payable: 15,618 CAD
- Total Interest: 2,518 CAD
- 14.9%Interest Rate x 48 months
- 364 CAD/month + tax
- Total Payable: 17,468 CAD
- Total Interest: 4,368 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)
17.42
- + tax
- + fuel
- + insurance
- 18.73CAD/100km (TODAY without the Cash Incentive)
- 37.14CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
18.92
- + tax
- + insurance
- + km driven & fuel
- 20.35CAD/day (Original Contract back in May, 2017)
Remaining Km
Can be driven up to:
762.54
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2017)
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Payment Details
- Current Payment: 678 CAD/month + tax
- Cash Incentive: 1,000 CAD
- Payment After Incentive: 595 CAD/month + tax
- Residual Value: 34,450 CAD
- Months to End: 12 months (May, 2025)
Vehicle Status
- Contract Allowance: 24,000 km/year
- Current Odometer: 72,000 km total
- Available Now: 22,000 km/year (1,833 per month)
Deal Special Perks
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- Current Payment: 1,443 CAD/month + tax
- Required Payment: 6,000 CAD
- Payment Including Incentive: 1,871 CAD/month + tax
- Original Downpayment: 12,399 CAD
- Residual Value: 45,150 CAD
- Months to End: 14 months (Jul, 2025)
Vehicle Status
- Contract Allowance: 17,454 km/year
- Current Odometer: 16,000 km total
- Available Now: 31,167 km/year (2,597 per month)
- Excess Km Cost: 0.25 CAD/km
+ 7,000 cash
SAVE ~10,200 CAD
2023 BMW
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Payment Details
- Current Payment: 952 CAD/month + tax
- Cash Incentive: 7,000 CAD
- Payment After Incentive: 772 CAD/month + tax
- Residual Value: 28,175 CAD
- Months to End: 39 months (Aug, 2027)
Vehicle Status
- Contract Allowance: 16,000 km/year
- Current Odometer: 15,038 km total
- Available Now: 15,065 km/year (1,255 per month)
- Excess Km Cost: 0.15 CAD/km
Deal Special Perks
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SAVE ~21,600 CAD
2022 BMW
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Payment Details
- Current Payment: 1,837 CAD/month + tax
- Cash Incentive: 2,000 CAD
- Payment After Incentive: 1,742 CAD/month + tax
- Residual Value: 45,448 CAD
- Months to End: 21 months (Feb, 2026)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 28,000 km total
- Available Now: 29,714 km/year (2,476 per month)
- Excess Km Cost: 0.25 CAD/km
Deal Special Perks
SAVE ~3,800 CAD
2022 Nissan
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Payment Details
- Current Payment: 745 CAD/month + tax
- Original Downpayment: 2,000 CAD
- Residual Value: 16,707 CAD
- Months to End: 39 months (Aug, 2027)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 18,000 km total
- Available Now: 24,718 km/year (2,060 per month)
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Payment Details
- Current Payment: 478 CAD/month + tax
- Required Payment: 30,000 CAD
- Payment Including Incentive: 1,728 CAD/month + tax
- Original Downpayment: 32,000 CAD
- Residual Value: 18,720 CAD
- Months to End: 24 months (May, 2026)
Vehicle Status
- Contract Allowance: 24,000 km/year
- Current Odometer: 24,644 km total
- Available Now: 35,678 km/year (2,973 per month)