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: 4,820 ~ 5,720 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 32 months
Total Monthly Difference = 3,520 CAD
+ Cash Incentive** (CAD) + 500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,820 ~ 5,720
** "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: 30,705 CAD
  • Total Vehicle Debt: 39,700 CAD
  • Paid so Far: 8,495 CAD (21% Paid)
  • Remaining Lease Payments: 14,193 CAD
  • Residual Value: 17,012 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 8,495 CAD Total Vehicle Value: 39,700 CAD
21% Paid
79%
Vehicle Debt Breakdown
Downpayment: 1,398 CAD Remaining Term: 14,193 CAD
Term Paid so Far: 7,097 CAD Residual Value: 17,012 CAD
3%
18%
35%
44%
Cost to Own
Already Paid: 8,495 CAD (21%)
Cash Incentive: 500 CAD Buyout Price Today: 30,705 CAD
21% Paid
1%
78%
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: 30,705 CAD

  • 4.9%Interest Rate x 48 months
  • 706 CAD/month + tax
  • Total Payable: 33,875 CAD
  • Total Interest: 3,170 CAD
  • 8.9%Interest Rate x 48 months
  • 763 CAD/month + tax
  • Total Payable: 36,607 CAD
  • Total Interest: 5,902 CAD
  • 14.9%Interest Rate x 48 months
  • 853 CAD/month + tax
  • Total Payable: 40,944 CAD
  • Total Interest: 10,239 CAD

At the end of the Lease Contract

Residual Value: 17,012 CAD (in 32 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)

Distance Analysis
Cost to drive 100km: (CAD)
21.43
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 22.21CAD/100km (TODAY without the Cash Incentive)
  • 26.61CAD/100km (Original Contract back in Feb, 2019)
Time Analysis
Cost per day: (CAD)
14.07
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 14.58CAD/day (Original Contract back in Feb, 2019)
Remaining Km
Can be driven up to:
460.82
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Feb, 2019)

Seller Contact Info

This Contract was Already Transferred.

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