Payment Analysis

740.00CAD/monthin Cornwall, ON
    Before Taxes:
  • 740.00 CAD/month
  • 341.54 CAD/bi-weekly
  • 170.77 CAD/week
  • 8,880.00 CAD/year
Incl. Ontario Taxes (13%):
  • 836.20 CAD/month
  • 385.94 CAD/bi-weekly
  • 192.97 CAD/week
  • 10,034.40 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

Not yet Available

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 55,960 CAD
  • Total Vehicle Debt: 115,160 CAD
  • Paid so Far: 59,200 CAD (51% Paid)
  • Remaining Lease Payments: 2,960 CAD
  • Residual Value: 53,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 59,200 CAD Total Vehicle Value: 115,160 CAD
51% Paid
49%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 2,960 CAD
Term Paid so Far: 59,200 CAD Residual Value: 53,000 CAD
0%
51%
2%
47%
Cost to Own
Already Paid: 59,200 CAD (51%)
Cash Incentive: 0 CAD Buyout Price Today: 55,960 CAD
51% Paid
0%
49%
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: 55,960 CAD

  • 4.9%Interest Rate x 48 months
  • 1,286 CAD/month + tax
  • Total Payable: 61,737 CAD
  • Total Interest: 5,777 CAD
  • 8.9%Interest Rate x 48 months
  • 1,390 CAD/month + tax
  • Total Payable: 66,716 CAD
  • Total Interest: 10,756 CAD
  • 14.9%Interest Rate x 48 months
  • 1,555 CAD/month + tax
  • Total Payable: 74,620 CAD
  • Total Interest: 18,660 CAD

At the end of the Lease Contract

Residual Value: 53,000 CAD (in 4 months)

  • 4.9%Interest Rate x 48 months
  • 1,218 CAD/month + tax
  • Total Payable: 58,471 CAD
  • Total Interest: 5,471 CAD
  • 8.9%Interest Rate x 48 months
  • 1,316 CAD/month + tax
  • Total Payable: 63,187 CAD
  • Total Interest: 10,187 CAD
  • 14.9%Interest Rate x 48 months
  • 1,472 CAD/month + tax
  • Total Payable: 70,673 CAD
  • Total Interest: 17,673 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)
4.93
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 88.80CAD/100km (Original Contract back in Jun, 2018)
Time Analysis
Cost per day: (CAD)
24.33
  • + tax
  • + insurance
  • + km driven & fuel
(0.82CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
3,461.54
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 192.31km/week (Contract Original back in Jun, 2018)

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