Payment Analysis

978.62CAD/monthin Calgary, AB
    Before Taxes:
  • 978.62 CAD/month
  • 451.67 CAD/bi-weekly
  • 225.84 CAD/week
  • 11,743.44 CAD/year
Incl. Alberta Taxes (5%):
  • 1,027.55 CAD/month
  • 474.25 CAD/bi-weekly
  • 237.13 CAD/week
  • 12,330.61 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: 1,157 ~ 1,557 CAD

compared to leasing a BRAND NEW:

  • V60 Cross Country Trim Cross Country
  • for 24 months
  • in AB
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 999
This Contract (CAD/month) 979
Monthly Difference 21 CAD/month
Remaining Term x 17 months
Total Monthly Difference = 357 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,157 ~ 1,557

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 46,167 CAD
  • Total Vehicle Debt: 76,505 CAD
  • Paid so Far: 30,337 CAD (39% Paid)
  • Remaining Lease Payments: 16,637 CAD
  • Residual Value: 29,531 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 30,337 CAD Total Vehicle Value: 76,505 CAD
39% Paid
61%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 16,637 CAD
Term Paid so Far: 30,337 CAD Residual Value: 29,531 CAD
0%
39%
21%
40%
Cost to Own
Already Paid: 30,337 CAD (39%)
Cash Incentive: 0 CAD Buyout Price Today: 46,167 CAD
39% Paid
0%
61%
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: 46,167 CAD

  • 4.9%Interest Rate x 48 months
  • 1,061 CAD/month + tax
  • Total Payable: 50,933 CAD
  • Total Interest: 4,766 CAD
  • 8.9%Interest Rate x 48 months
  • 1,147 CAD/month + tax
  • Total Payable: 55,041 CAD
  • Total Interest: 8,874 CAD
  • 14.9%Interest Rate x 48 months
  • 1,283 CAD/month + tax
  • Total Payable: 61,562 CAD
  • Total Interest: 15,394 CAD

At the end of the Lease Contract

Residual Value: 29,531 CAD (in 17 months)

  • 4.9%Interest Rate x 48 months
  • 679 CAD/month + tax
  • Total Payable: 32,579 CAD
  • Total Interest: 3,049 CAD
  • 8.9%Interest Rate x 48 months
  • 733 CAD/month + tax
  • Total Payable: 35,207 CAD
  • Total Interest: 5,676 CAD
  • 14.9%Interest Rate x 48 months
  • 820 CAD/month + tax
  • Total Payable: 39,378 CAD
  • Total Interest: 9,847 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)
27.50
  • + tax
  • + fuel
  • + insurance
(or 0.27CAD per km)
  • 58.72CAD/100km (Original Contract back in Oct, 2018)
Time Analysis
Cost per day: (CAD)
32.17
  • + tax
  • + insurance
  • + km driven & fuel
(0.19CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
821.27
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 384.62km/week (Contract Original back in Oct, 2018)

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Lease Takeover Temporary Image
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Payment Details
  • Current Payment: 1,989 CAD/month + tax
  • Original Downpayment: 1,989 CAD
  • Months to End: 40 months (Aug, 2027)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 10,000 km total
  • Available Now: 21,000 km/year (1,750 per month)
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