Payment Analysis
850.00CAD/monthin Calgary, AB
- 850.00 CAD/month
- 392.31 CAD/bi-weekly
- 196.15 CAD/week
- 10,200.00 CAD/year
Before Taxes:
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:
56,837 ~ 57,237 CAD
compared to leasing a BRAND NEW:
- RAM 1500 LIMITED
- for 12 months
- in AB
- $0 down payment
- 24,000 km/year
Leasing New (CAD/month) | 2,021 |
---|---|
This Contract (CAD/month) | 850 |
Monthly Difference | 1,171 CAD/month |
Remaining Term | x 47 months |
Total Monthly Difference | = 55,037 CAD |
+ Cash Incentive** (CAD) | + 1,000 |
+ Winter Tires Cost (CAD) | + 800 ~ 1,200 |
Total Savings (CAD) | = 56,837 ~ 57,237 |
** "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:
62,950 CAD
- Total Vehicle Debt: 76,000 CAD
- Paid so Far: 12,050 CAD (15% Paid)
- Remaining Lease Payments: 39,950 CAD
- Residual Value: 24,000 CAD
- Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 12,050 CAD Total Vehicle Value: 76,000 CAD
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 39,950 CAD
Term Paid so Far: 11,050 CAD Residual Value: 24,000 CAD
Cost to Own
Already Paid: 12,050 CAD (15%)
Cash Incentive: 1,000 CAD Buyout Price Today: 62,950 CAD
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: 62,950 CAD
- 4.9%Interest Rate x 48 months
- 1,447 CAD/month + tax
- Total Payable: 69,449 CAD
- Total Interest: 6,499 CAD
- 8.9%Interest Rate x 48 months
- 1,564 CAD/month + tax
- Total Payable: 75,049 CAD
- Total Interest: 12,099 CAD
- 14.9%Interest Rate x 48 months
- 1,749 CAD/month + tax
- Total Payable: 83,940 CAD
- Total Interest: 20,990 CAD
At the end of the Lease Contract
Residual Value: 24,000 CAD (in 47 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)
51.93
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
27.25
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
368.25
- km/week
- without any
- additional costs
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