Payment Analysis

292.00CAD/monthin Hamilton, ON
    Before Taxes:
  • 292.00 CAD/month
  • 134.77 CAD/bi-weekly
  • 67.38 CAD/week
  • 3,504.00 CAD/year
Incl. Ontario Taxes (13%):
  • 329.96 CAD/month
  • 152.29 CAD/bi-weekly
  • 76.14 CAD/week
  • 3,959.52 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: 11,006 ~ 11,906 CAD

compared to leasing a BRAND NEW:

  • Ford F150 XLT Sport 2019
  • for 36 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 670
This Contract (CAD/month) 292
Monthly Difference 378 CAD/month
Remaining Term x 27 months
Total Monthly Difference = 10,206 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 11,006 ~ 11,906

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 10,384 CAD
  • Total Vehicle Debt: 24,516 CAD
  • Paid so Far: 14,132 CAD (57% Paid)
  • Remaining Lease Payments: 7,884 CAD
  • Residual Value: 2,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 14,132 CAD Total Vehicle Value: 24,516 CAD
57% Paid
43%
Vehicle Debt Breakdown
Downpayment: 8,000 CAD Remaining Term: 7,884 CAD
Term Paid so Far: 6,132 CAD Residual Value: 2,500 CAD
32%
25%
32%
11%
Cost to Own
Already Paid: 14,132 CAD (57%)
Cash Incentive: 0 CAD Buyout Price Today: 10,384 CAD
57% Paid
0%
43%
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: 10,384 CAD

  • 4.9%Interest Rate x 48 months
  • 239 CAD/month + tax
  • Total Payable: 11,456 CAD
  • Total Interest: 1,072 CAD
  • 8.9%Interest Rate x 48 months
  • 258 CAD/month + tax
  • Total Payable: 12,380 CAD
  • Total Interest: 1,996 CAD
  • 14.9%Interest Rate x 48 months
  • 288 CAD/month + tax
  • Total Payable: 13,846 CAD
  • Total Interest: 3,462 CAD

At the end of the Lease Contract

Residual Value: 2,500 CAD (in 27 months)

  • 4.9%Interest Rate x 48 months
  • 57 CAD/month + tax
  • Total Payable: 2,758 CAD
  • Total Interest: 258 CAD
  • 8.9%Interest Rate x 48 months
  • 62 CAD/month + tax
  • Total Payable: 2,981 CAD
  • Total Interest: 481 CAD
  • 14.9%Interest Rate x 48 months
  • 69 CAD/month + tax
  • Total Payable: 3,334 CAD
  • Total Interest: 834 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)
13.14
  • + tax
  • + fuel
  • + insurance
(or 0.13CAD per km)
  • 14.02CAD/100km (Original Contract back in Jan, 2018)
Time Analysis
Cost per day: (CAD)
9.60
  • + tax
  • + insurance
  • + km driven & fuel
(0.12CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
512.82
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 480.77km/week (Contract Original back in Jan, 2018)

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Silverado 1500 LT Automatique AWD

Payment Details
  • Current Payment: 594 CAD/month + tax
  • Months to End: 51 months (Sep, 2028)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 111,000 km total
  • Available Now: 6,824 km/year (569 per month)
See all Details