Chevrolet Lease Takeover in Halifax, NS: 2016 Chevrolet CRUZE LT2 Automatique 2WD ID:#4421 • LeaseCosts Canada

Payment Analysis

268.00CAD/monthin Halifax, NS

Before Taxes:

268.00 CAD/month
123.69 CAD/bi-weekly
61.85 CAD/week
3,216.00 CAD/year

Incl. Nova Scotia Taxes (15%):

308.20 CAD/month
142.25 CAD/bi-weekly
71.12 CAD/week
3,698.40 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: 18,774 CAD

compared to leasing a BRAND NEW:

Chevrolet Cruze LT 2019
for 24 months
in Nova Scotia
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	715
This Contract (CAD/month)	268
Monthly Difference	447 CAD/month
Remaining Term	x 42 months
Total Monthly Difference	= 18,774 CAD
Total Savings (CAD)	= 18,774

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 24,978 CAD

Total Vehicle Debt: 26,586 CAD
Paid so Far: 1,608 CAD (6% Paid)
Remaining Lease Payments: 11,256 CAD
Residual Value: 13,722 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 1,608 CAD Total Vehicle Value: 26,586 CAD

6% Paid

94%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 11,256 CAD

Term Paid so Far: 1,608 CAD Residual Value: 13,722 CAD

42%

52%

Cost to Own

Already Paid: 1,608 CAD (6%)

Cash Incentive: 0 CAD Buyout Price Today: 24,978 CAD

6% Paid

94%

Additional Financing Details

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: 24,978 CAD

4.9%Interest Rate x 48 months
574 CAD/month + tax
Total Payable: 27,556 CAD
Total Interest: 2,579 CAD

8.9%Interest Rate x 48 months
620 CAD/month + tax
Total Payable: 29,778 CAD
Total Interest: 4,801 CAD

14.9%Interest Rate x 48 months
694 CAD/month + tax
Total Payable: 33,306 CAD
Total Interest: 8,329 CAD

At the end of the Lease Contract

Residual Value: 13,722 CAD (in 42 months)

4.9%Interest Rate x 48 months
315 CAD/month + tax
Total Payable: 15,138 CAD
Total Interest: 1,417 CAD

8.9%Interest Rate x 48 months
341 CAD/month + tax
Total Payable: 16,359 CAD
Total Interest: 2,637 CAD

14.9%Interest Rate x 48 months
381 CAD/month + tax
Total Payable: 18,297 CAD
Total Interest: 4,575 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)