Payment Analysis

490.49CAD/monthin Halifax, NS
    Before Taxes:
  • 490.49 CAD/month
  • 226.38 CAD/bi-weekly
  • 113.19 CAD/week
  • 5,885.88 CAD/year
Incl. Nova Scotia Taxes (15%):
  • 564.06 CAD/month
  • 260.34 CAD/bi-weekly
  • 130.17 CAD/week
  • 6,768.76 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: 5,040 CAD

compared to leasing a BRAND NEW:

  • RAM 1500 Classic SLT
  • for 60 months
  • in Nova Scotia
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 670
This Contract (CAD/month) 490
Monthly Difference 180 CAD/month
Remaining Term x 28 months
Total Monthly Difference = 5,040 CAD
Total Savings (CAD) = 5,040

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 42,924 CAD
  • Total Vehicle Debt: 58,620 CAD
  • Paid so Far: 15,696 CAD (26% Paid)
  • Remaining Lease Payments: 13,734 CAD
  • Residual Value: 29,191 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 15,696 CAD Total Vehicle Value: 58,620 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 13,734 CAD
Term Paid so Far: 15,696 CAD Residual Value: 29,191 CAD
0%
26%
23%
51%
Cost to Own
Already Paid: 15,696 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 42,924 CAD
26% Paid
0%
74%
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: 42,924 CAD

  • 4.9%Interest Rate x 48 months
  • 987 CAD/month + tax
  • Total Payable: 47,355 CAD
  • Total Interest: 4,431 CAD
  • 8.9%Interest Rate x 48 months
  • 1,066 CAD/month + tax
  • Total Payable: 51,174 CAD
  • Total Interest: 8,250 CAD
  • 14.9%Interest Rate x 48 months
  • 1,192 CAD/month + tax
  • Total Payable: 57,237 CAD
  • Total Interest: 14,313 CAD

At the end of the Lease Contract

Residual Value: 29,191 CAD (in 28 months)

  • 4.9%Interest Rate x 48 months
  • 671 CAD/month + tax
  • Total Payable: 32,204 CAD
  • Total Interest: 3,013 CAD
  • 8.9%Interest Rate x 48 months
  • 725 CAD/month + tax
  • Total Payable: 34,801 CAD
  • Total Interest: 5,611 CAD
  • 14.9%Interest Rate x 48 months
  • 811 CAD/month + tax
  • Total Payable: 38,924 CAD
  • Total Interest: 9,733 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)
41.10
  • + tax
  • + fuel
  • + insurance
(or 0.41CAD per km)
Time Analysis
Cost per day: (CAD)
16.13
  • + tax
  • + insurance
  • + km driven & fuel
(0.12CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
275.38
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD

Seller Contact Info

  • Name: Keighan Thibodeau
  • Location: Halifax, NS
  • Date Contract Started:
  • Date Contract Ends:

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For more details about this contract, please contact the seller.

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