Payment Analysis

598.52CAD/monthin Sault Ste.Marie - Surrey, ON
    Before Taxes:
  • 598.52 CAD/month
  • 276.24 CAD/bi-weekly
  • 138.12 CAD/week
  • 7,182.24 CAD/year
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: 27,710 ~ 28,610 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
Savings Breakdown:
Leasing New (CAD/month) 1,524
This Contract (CAD/month) 599
Monthly Difference 926 CAD/month
Remaining Term x 35 months
Total Monthly Difference = 32,410 CAD
- Required Payment** (CAD) - 5,500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 27,710 ~ 28,610
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 64,332 CAD
  • Total Vehicle Debt: 59,873 CAD
  • Paid so Far: 1,041 CAD (1% Paid)
  • Remaining Lease Payments: 20,948 CAD
  • Residual Value: 37,884 CAD
  • Required Payment: 5,500 CAD
Vehicle Debt & Value
Paid so far: 1,041 CAD Total Vehicle Value: 59,873 CAD
1% Paid
99%
Vehicle Debt Breakdown
Downpayment: 442 CAD Remaining Term: 20,948 CAD
Term Paid so Far: 599 CAD Residual Value: 37,884 CAD
0%
1%
35%
64%
Cost to Own
Already Paid: 1,041 CAD (1%)
Required Payment: 5,500 CAD (9%)Buyout Price Today: 64,332 CAD
-8% Paid
9%
99%
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: 64,332 CAD

  • 4.9%Interest Rate x 48 months
  • 1,479 CAD/month + tax
  • Total Payable: 70,973 CAD
  • Total Interest: 6,641 CAD
  • 8.9%Interest Rate x 48 months
  • 1,598 CAD/month + tax
  • Total Payable: 76,697 CAD
  • Total Interest: 12,365 CAD
  • 14.9%Interest Rate x 48 months
  • 1,787 CAD/month + tax
  • Total Payable: 85,783 CAD
  • Total Interest: 21,451 CAD

At the end of the Lease Contract

Residual Value: 37,884 CAD (in 35 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)
60.94
  • + tax
  • + fuel
  • + insurance
(inlcuding the 5,500CAD incentive)
Time Analysis
Cost per day: (CAD)
24.84
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 5,500CAD incentive)
Remaining Km
Can be driven up to:
286.15
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD

Seller Contact Info

This Contract was Already Transferred.

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