Payment Analysis
467.26CAD/monthin North York, ON
- 467.26 CAD/month
- 215.66 CAD/bi-weekly
- 107.83 CAD/week
- 5,607.12 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 528.00 CAD/month
- 243.69 CAD/bi-weekly
- 121.85 CAD/week
- 6,336.05 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:
4,991 CAD
compared to leasing a BRAND NEW:
- Lincoln MKC Reserve
- for 36 months
- in Ontario
- $0 down payment
- 20,000 km/year
Leasing New (CAD/month) | 684 |
---|---|
This Contract (CAD/month) | 467 |
Monthly Difference | 217 CAD/month |
Remaining Term | x 23 months |
Total Monthly Difference | = 4,991 CAD |
Total Savings (CAD) | = 4,991 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
33,607 CAD
- Total Vehicle Debt: 48,788 CAD
- Paid so Far: 15,182 CAD (31% Paid)
- Remaining Lease Payments: 10,747 CAD
- Residual Value: 22,860 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 15,182 CAD Total Vehicle Value: 48,788 CAD
Vehicle Debt Breakdown
Downpayment: 3,500 CAD Remaining Term: 10,747 CAD
Term Paid so Far: 11,682 CAD Residual Value: 22,860 CAD
Cost to Own
Already Paid: 15,182 CAD (31%)
Cash Incentive: 0 CAD Buyout Price Today: 33,607 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: 33,607 CAD
- 4.9%Interest Rate x 48 months
- 772 CAD/month + tax
- Total Payable: 37,076 CAD
- Total Interest: 3,469 CAD
- 8.9%Interest Rate x 48 months
- 835 CAD/month + tax
- Total Payable: 40,066 CAD
- Total Interest: 6,459 CAD
- 14.9%Interest Rate x 48 months
- 934 CAD/month + tax
- Total Payable: 44,813 CAD
- Total Interest: 11,206 CAD
At the end of the Lease Contract
Residual Value: 22,860 CAD (in 23 months)
- 4.9%Interest Rate x 48 months
- 525 CAD/month + tax
- Total Payable: 25,220 CAD
- Total Interest: 2,360 CAD
- 8.9%Interest Rate x 48 months
- 568 CAD/month + tax
- Total Payable: 27,254 CAD
- Total Interest: 4,394 CAD
- 14.9%Interest Rate x 48 months
- 635 CAD/month + tax
- Total Payable: 30,483 CAD
- Total Interest: 7,623 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)
14.69
- + tax
- + fuel
- + insurance
- 28.04CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
15.36
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
733.95
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2018)
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