Payment Analysis

850.00CAD/monthin Calgary, AB
    Before Taxes:
  • 850.00 CAD/month
  • 392.31 CAD/bi-weekly
  • 196.15 CAD/week
  • 10,200.00 CAD/year
Incl. Alberta Taxes (5%):
  • 892.50 CAD/month
  • 411.92 CAD/bi-weekly
  • 205.96 CAD/week
  • 10,710.00 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: 59,179 ~ 59,579 CAD

compared to leasing a BRAND NEW:

  • RAM 1500 LIMITED
  • for 12 months
  • in AB
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 2,021
This Contract (CAD/month) 850
Monthly Difference 1,171 CAD/month
Remaining Term x 49 months
Total Monthly Difference = 57,379 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 59,179 ~ 59,579
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 64,650 CAD
  • Total Vehicle Debt: 76,000 CAD
  • Paid so Far: 10,350 CAD (13% Paid)
  • Remaining Lease Payments: 41,650 CAD
  • Residual Value: 24,000 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 10,350 CAD Total Vehicle Value: 76,000 CAD
13% Paid
87%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 41,650 CAD
Term Paid so Far: 9,350 CAD Residual Value: 24,000 CAD
1%
12%
55%
32%
Cost to Own
Already Paid: 10,350 CAD (13%)
Cash Incentive: 1,000 CAD Buyout Price Today: 64,650 CAD
13% Paid
1%
86%
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: 64,650 CAD

  • 4.9%Interest Rate x 48 months
  • 1,486 CAD/month + tax
  • Total Payable: 71,324 CAD
  • Total Interest: 6,674 CAD
  • 8.9%Interest Rate x 48 months
  • 1,606 CAD/month + tax
  • Total Payable: 77,076 CAD
  • Total Interest: 12,426 CAD
  • 14.9%Interest Rate x 48 months
  • 1,796 CAD/month + tax
  • Total Payable: 86,207 CAD
  • Total Interest: 21,557 CAD

At the end of the Lease Contract

Residual Value: 24,000 CAD (in 49 months)

  • 4.9%Interest Rate x 48 months
  • 552 CAD/month + tax
  • Total Payable: 26,478 CAD
  • Total Interest: 2,478 CAD
  • 8.9%Interest Rate x 48 months
  • 596 CAD/month + tax
  • Total Payable: 28,613 CAD
  • Total Interest: 4,613 CAD
  • 14.9%Interest Rate x 48 months
  • 667 CAD/month + tax
  • Total Payable: 32,003 CAD
  • Total Interest: 8,003 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)
54.20
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
Time Analysis
Cost per day: (CAD)
27.27
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
Remaining Km
Can be driven up to:
353.22
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided

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