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: 18,944 ~ 19,844 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 48 months
Total Monthly Difference = 18,144 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 18,944 ~ 19,844

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 16,516 CAD
  • Total Vehicle Debt: 24,516 CAD
  • Paid so Far: 8,000 CAD (32% Paid)
  • Remaining Lease Payments: 14,016 CAD
  • Residual Value: 2,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,000 CAD Total Vehicle Value: 24,516 CAD
32% Paid
68%
Vehicle Debt Breakdown
Downpayment: 8,000 CAD Remaining Term: 14,016 CAD
Term Paid so Far: 0 CAD Residual Value: 2,500 CAD
32%
0%
57%
11%
Cost to Own
Already Paid: 8,000 CAD (32%)
Cash Incentive: 0 CAD Buyout Price Today: 16,516 CAD
32% Paid
0%
68%
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: 16,516 CAD

  • 4.9%Interest Rate x 48 months
  • 380 CAD/month + tax
  • Total Payable: 18,221 CAD
  • Total Interest: 1,705 CAD
  • 8.9%Interest Rate x 48 months
  • 410 CAD/month + tax
  • Total Payable: 19,690 CAD
  • Total Interest: 3,174 CAD
  • 14.9%Interest Rate x 48 months
  • 459 CAD/month + tax
  • Total Payable: 22,023 CAD
  • Total Interest: 5,507 CAD

At the end of the Lease Contract

Residual Value: 2,500 CAD (in 48 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)
23.36
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
Time Analysis
Cost per day: (CAD)
9.60
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
288.46
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided

Similar Listings in Hamilton

CAD/month x 16 months
2023 Ford Ranger XLT (ID: #56510)
656
Burlington
2023 Ford

Ranger XLT Automatique AWD FX4

Payment Details
  • Current Payment: 656 CAD/month + tax
  • Residual Value: 25,800 CAD
  • Months to End: 16 months (Jun, 2027)
Vehicle Status
  • Contract Allowance: 25,000 km/year
  • Current Odometer: 26,000 km total
  • Available Now: 55,500 km/year (4,625 per month)
See all Details
CAD/month x 12 months
2022 Chevrolet HIGH COUNTRY SILVERADO (ID: #55494)
1,195
Brantford
2022 Chevrolet

HIGH COUNTRY SILVERADO Automatique AWD HIGH COUNTRY

Payment Details
  • Current Payment: 1,195 CAD/month + tax
  • Residual Value: 49,194 CAD
  • Months to End: 12 months (Jan, 2027)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 30,000 km total
  • Available Now: 48,333 km/year (4,028 per month)
  • Excess Km Cost: 0.16 CAD/km
See all Details
CAD/month x 31 months
2017 Chevrolet Silverado 1500 LT (ID: #42458)
594
Brantford
2017 Chevrolet

Silverado 1500 LT Automatique AWD

Payment Details
  • Current Payment: 594 CAD/month + tax
  • Months to End: 31 months (Sep, 2028)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 111,000 km total
  • Available Now: 11,226 km/year (935 per month)
See all Details