GMC Lease Takeover in Edmonton, AB : 2019 GMC Terrain SLE Automatique AWD ID:#9486 • LeaseCosts Canada

Payment Analysis

443.54CAD/monthin Edmonton, AB

Before Taxes:

443.54 CAD/month
204.71 CAD/bi-weekly
102.36 CAD/week
5,322.48 CAD/year

Incl. Alberta Taxes (5%):

465.72 CAD/month
214.95 CAD/bi-weekly
107.47 CAD/week
5,588.60 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: 4,710 ~ 5,610 CAD

compared to leasing a BRAND NEW:

GMC TERRAIN AWD SLE w/ BLACK EDITION Package ($995)
for 36 months
in Alberta
$0 down payment
24,000 km/year (please, note this contract has now more than 26,000)

Savings Breakdown:
Leasing New (CAD/month)	553
This Contract (CAD/month)	444
Monthly Difference	110 CAD/month
Remaining Term	x 31 months
Total Monthly Difference	= 3,410 CAD
+ Cash Incentive** (CAD)	+ 500
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 4,710 ~ 5,610
	** "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: 30,262 CAD

Total Vehicle Debt: 39,700 CAD
Paid so Far: 8,938 CAD (22% Paid)
Remaining Lease Payments: 13,750 CAD
Residual Value: 17,012 CAD
Cash Incentive: 500 CAD

Vehicle Debt & Value

Paid so far: 8,938 CAD Total Vehicle Value: 39,700 CAD

22% Paid

78%

Vehicle Debt Breakdown

Downpayment: 1,398 CAD Remaining Term: 13,750 CAD

Term Paid so Far: 7,540 CAD Residual Value: 17,012 CAD

19%

34%

44%

Cost to Own

Already Paid: 8,938 CAD (22%)

Cash Incentive: 500 CAD Buyout Price Today: 30,262 CAD

22% Paid

77%

Additional Financing Details

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: 30,262 CAD

4.9%Interest Rate x 48 months
696 CAD/month + tax
Total Payable: 33,386 CAD
Total Interest: 3,124 CAD

8.9%Interest Rate x 48 months
752 CAD/month + tax
Total Payable: 36,078 CAD
Total Interest: 5,816 CAD

14.9%Interest Rate x 48 months
841 CAD/month + tax
Total Payable: 40,352 CAD
Total Interest: 10,091 CAD

At the end of the Lease Contract

Residual Value: 17,012 CAD (in 31 months)

4.9%Interest Rate x 48 months
391 CAD/month + tax
Total Payable: 18,768 CAD
Total Interest: 1,756 CAD

8.9%Interest Rate x 48 months
423 CAD/month + tax
Total Payable: 20,282 CAD
Total Interest: 3,270 CAD

14.9%Interest Rate x 48 months
473 CAD/month + tax
Total Payable: 22,685 CAD
Total Interest: 5,673 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)