Payment Analysis

630.00CAD/monthin Calgary, AB
    Before Taxes:
  • 630.00 CAD/month
  • 290.77 CAD/bi-weekly
  • 145.38 CAD/week
  • 7,560.00 CAD/year
Incl. Alberta Taxes (5%):
  • 661.50 CAD/month
  • 305.31 CAD/bi-weekly
  • 152.65 CAD/week
  • 7,938.00 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: 9,512 CAD

compared to leasing a BRAND NEW:

  • RAM 1500 TRADESMAN
  • for 27 months
  • in AB
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 862
This Contract (CAD/month) 630
Monthly Difference 232 CAD/month
Remaining Term x 41 months
Total Monthly Difference = 9,512 CAD
Total Savings (CAD) = 9,512

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 59,830 CAD
  • Total Vehicle Debt: 79,360 CAD
  • Paid so Far: 19,530 CAD (24% Paid)
  • Remaining Lease Payments: 25,830 CAD
  • Residual Value: 34,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,530 CAD Total Vehicle Value: 79,360 CAD
24% Paid
76%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 25,830 CAD
Term Paid so Far: 19,530 CAD Residual Value: 34,000 CAD
0%
24%
32%
44%
Cost to Own
Already Paid: 19,530 CAD (24%)
Cash Incentive: 0 CAD Buyout Price Today: 59,830 CAD
24% Paid
0%
76%
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: 59,830 CAD

  • 4.9%Interest Rate x 48 months
  • 1,375 CAD/month + tax
  • Total Payable: 66,006 CAD
  • Total Interest: 6,176 CAD
  • 8.9%Interest Rate x 48 months
  • 1,486 CAD/month + tax
  • Total Payable: 71,330 CAD
  • Total Interest: 11,500 CAD
  • 14.9%Interest Rate x 48 months
  • 1,662 CAD/month + tax
  • Total Payable: 79,780 CAD
  • Total Interest: 19,950 CAD

At the end of the Lease Contract

Residual Value: 34,000 CAD (in 41 months)

  • 4.9%Interest Rate x 48 months
  • 781 CAD/month + tax
  • Total Payable: 37,510 CAD
  • Total Interest: 3,510 CAD
  • 8.9%Interest Rate x 48 months
  • 844 CAD/month + tax
  • Total Payable: 40,535 CAD
  • Total Interest: 6,535 CAD
  • 14.9%Interest Rate x 48 months
  • 945 CAD/month + tax
  • Total Payable: 45,337 CAD
  • Total Interest: 11,337 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)
49.67
  • + tax
  • + fuel
  • + insurance
(or 0.50CAD per km)
  • 50.40CAD/100km (Original Contract back in May, 2016)
Time Analysis
Cost per day: (CAD)
20.71
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
292.68
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 288.46km/week (Contract Original back in May, 2016)

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