Payment Analysis

374.14CAD/monthin Surrey, BC
    Before Taxes:
  • 374.14 CAD/month
  • 172.68 CAD/bi-weekly
  • 86.34 CAD/week
  • 4,489.68 CAD/year
Incl. B.C. Taxes (12%):
  • 419.04 CAD/month
  • 193.40 CAD/bi-weekly
  • 96.70 CAD/week
  • 5,028.44 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: 20,230 ~ 21,130 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 24 months
  • in British Columbia
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 816
This Contract (CAD/month) 374
Monthly Difference 442 CAD/month
Remaining Term x 40 months
Total Monthly Difference = 17,680 CAD
+ Cash Incentive** (CAD) + 1,750
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 20,230 ~ 21,130
** "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: 20,035 CAD
  • Total Vehicle Debt: 29,994 CAD
  • Paid so Far: 8,209 CAD (27% Paid)
  • Remaining Lease Payments: 14,966 CAD
  • Residual Value: 6,819 CAD
  • Cash Incentive: 1,750 CAD
Vehicle Debt & Value
Paid so far: 8,209 CAD Total Vehicle Value: 29,994 CAD
27% Paid
73%
Vehicle Debt Breakdown
Downpayment: 1,100 CAD Remaining Term: 14,966 CAD
Term Paid so Far: 7,109 CAD Residual Value: 6,819 CAD
3%
24%
50%
23%
Cost to Own
Already Paid: 8,209 CAD (27%)
Cash Incentive: 1,750 CAD Buyout Price Today: 20,035 CAD
27% Paid
5%
68%
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: 20,035 CAD

  • 4.9%Interest Rate x 48 months
  • 460 CAD/month + tax
  • Total Payable: 22,103 CAD
  • Total Interest: 2,068 CAD
  • 8.9%Interest Rate x 48 months
  • 498 CAD/month + tax
  • Total Payable: 23,886 CAD
  • Total Interest: 3,851 CAD
  • 14.9%Interest Rate x 48 months
  • 557 CAD/month + tax
  • Total Payable: 26,715 CAD
  • Total Interest: 6,681 CAD

At the end of the Lease Contract

Residual Value: 6,819 CAD (in 40 months)

  • 4.9%Interest Rate x 48 months
  • 157 CAD/month + tax
  • Total Payable: 7,523 CAD
  • Total Interest: 704 CAD
  • 8.9%Interest Rate x 48 months
  • 169 CAD/month + tax
  • Total Payable: 8,130 CAD
  • Total Interest: 1,311 CAD
  • 14.9%Interest Rate x 48 months
  • 189 CAD/month + tax
  • Total Payable: 9,093 CAD
  • Total Interest: 2,274 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)
32.97
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,750CAD incentive)
Time Analysis
Cost per day: (CAD)
10.86
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,750CAD incentive)
Remaining Km
Can be driven up to:
231.25
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD

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