Payment Analysis
598.52CAD/monthin Sault Ste.Marie - Surrey, ON
- 598.52 CAD/month
- 276.24 CAD/bi-weekly
- 138.12 CAD/week
- 7,182.24 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 676.33 CAD/month
- 312.15 CAD/bi-weekly
- 156.08 CAD/week
- 8,115.93 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:
13,820 ~ 14,720 CAD
compared to leasing a BRAND NEW:
- 2023 Chevrolet COLORADO 4WD Crew Cab, Short Box ZR2
- for 12 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 1,524 |
|---|---|
| This Contract (CAD/month) | 599 |
| Monthly Difference | 926 CAD/month |
| Remaining Term | x 20 months |
| Total Monthly Difference | = 18,520 CAD |
| - Required Payment** (CAD) | - 5,500 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 13,820 ~ 14,720 |
| ** The Required Payment from the vehicle owner. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
55,354 CAD
- Total Vehicle Debt: 59,873 CAD
- Paid so Far: 10,019 CAD (16% Paid)
- Remaining Lease Payments: 11,970 CAD
- Residual Value: 37,884 CAD
- Required Payment: 5,500 CAD
Vehicle Debt & Value
Paid so far: 10,019 CAD Total Vehicle Value: 59,873 CAD
Vehicle Debt Breakdown
Downpayment: 442 CAD Remaining Term: 11,970 CAD
Term Paid so Far: 9,576 CAD Residual Value: 37,884 CAD
Cost to Own
Already Paid: 10,019 CAD (16%)
Required Payment: 5,500 CAD (9%)Buyout Price Today: 55,354 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: 55,354 CAD
- 4.9%Interest Rate x 48 months
- 1,272 CAD/month + tax
- Total Payable: 61,069 CAD
- Total Interest: 5,714 CAD
- 8.9%Interest Rate x 48 months
- 1,375 CAD/month + tax
- Total Payable: 65,994 CAD
- Total Interest: 10,639 CAD
- 14.9%Interest Rate x 48 months
- 1,538 CAD/month + tax
- Total Payable: 73,812 CAD
- Total Interest: 18,458 CAD
At the end of the Lease Contract
Residual Value: 37,884 CAD (in 20 months)
- 4.9%Interest Rate x 48 months
- 871 CAD/month + tax
- Total Payable: 41,795 CAD
- Total Interest: 3,911 CAD
- 8.9%Interest Rate x 48 months
- 941 CAD/month + tax
- Total Payable: 45,165 CAD
- Total Interest: 7,281 CAD
- 14.9%Interest Rate x 48 months
- 1,052 CAD/month + tax
- Total Payable: 50,516 CAD
- Total Interest: 12,632 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)
40.25
- + tax
- + fuel
- + insurance
- 27.58CAD/100km (TODAY without the Cash Incentive)
- 35.91CAD/100km (Original Contract back in Oct, 2020)
Time Analysis
Cost per day: (CAD)
28.72
- + tax
- + insurance
- + km driven & fuel
- 19.68CAD/day (Original Contract back in Oct, 2020)
Remaining Km
Can be driven up to:
500.77
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Oct, 2020)
Seller Contact Info
This Contract was Already Transferred.
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