Payment Analysis
481.00CAD/monthin Edmonton, AB
- 481.00 CAD/month
- 222.00 CAD/bi-weekly
- 111.00 CAD/week
- 5,772.00 CAD/year
Before Taxes:
Incl. Alberta Taxes (5%):
- 505.05 CAD/month
- 233.10 CAD/bi-weekly
- 116.55 CAD/week
- 6,060.60 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:
9,903 ~ 11,203 CAD
compared to leasing a BRAND NEW:
- Ford F-150 Lariat
- for 24 months
- in Alberta
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 842 |
|---|---|
| This Contract (CAD/month) | 481 |
| Monthly Difference | 361 CAD/month |
| Remaining Term | x 23 months |
| Total Monthly Difference | = 8,303 CAD |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 9,903 ~ 11,203 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
37,063 CAD
- Total Vehicle Debt: 45,316 CAD
- Paid so Far: 8,253 CAD (18% Paid)
- Remaining Lease Payments: 11,063 CAD
- Residual Value: 26,000 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,253 CAD Total Vehicle Value: 45,316 CAD
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 11,063 CAD
Term Paid so Far: 6,253 CAD Residual Value: 26,000 CAD
Cost to Own
Already Paid: 8,253 CAD (18%)
Cash Incentive: 0 CAD Buyout Price Today: 37,063 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: 37,063 CAD
- 4.9%Interest Rate x 48 months
- 852 CAD/month + tax
- Total Payable: 40,889 CAD
- Total Interest: 3,826 CAD
- 8.9%Interest Rate x 48 months
- 921 CAD/month + tax
- Total Payable: 44,187 CAD
- Total Interest: 7,124 CAD
- 14.9%Interest Rate x 48 months
- 1,030 CAD/month + tax
- Total Payable: 49,421 CAD
- Total Interest: 12,358 CAD
At the end of the Lease Contract
Residual Value: 26,000 CAD (in 23 months)
- 4.9%Interest Rate x 48 months
- 598 CAD/month + tax
- Total Payable: 28,684 CAD
- Total Interest: 2,684 CAD
- 8.9%Interest Rate x 48 months
- 646 CAD/month + tax
- Total Payable: 30,997 CAD
- Total Interest: 4,997 CAD
- 14.9%Interest Rate x 48 months
- 722 CAD/month + tax
- Total Payable: 34,670 CAD
- Total Interest: 8,670 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)
27.66
- + tax
- + fuel
- + insurance
- 28.86CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
15.81
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
401.34
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2019)
