This Vehicle is Sold


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Vehicle Photos

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Transfer Details

+ 1,000 cash
Ford Lease Takeover in TORONTO: 2020 Ford EXPLORER XLT Automatic AWD ID:#31753
SAVE ~1,100 CAD
CAD/month x 6 months
2020 Ford EXPLORER XLT (ID: #31753)
627
Toronto, ON
2020 Ford

EXPLORER XLT Automatic AWD WINTER PACKAGE

Payment Details
  • Current Payment: 627 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 460 CAD/month + tax
  • Original Downpayment: 1,500 CAD
  • Residual Value: 1,600 CAD
  • Months to End: 6 months (Jul, 2025)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 23,485 km total
  • Available Now: 149,697 km/year (12,475 per month)
  • Please note that this contract ends in less than a year.
  • Excess Km Cost: 0.16 CAD/km
Deal Special Perks
  • Large Cash Incentive
  • Large Down Payment
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
SOLD/TRANSFERRED

Payment Analysis

627.00CAD/monthin Toronto, ON
    Before Taxes:
  • 627.00 CAD/month
  • 289.38 CAD/bi-weekly
  • 144.69 CAD/week
  • 7,524.00 CAD/year
Incl. Ontario Taxes (13%):
  • 708.51 CAD/month
  • 327.00 CAD/bi-weekly
  • 163.50 CAD/week
  • 8,502.12 CAD/year

Estimate Insurance Costs

 

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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: 1,072 CAD

compared to leasing a BRAND NEW:

  • FORD EXPLORER XLT AWD
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 639
This Contract (CAD/month) 627
Monthly Difference 12 CAD/month
Remaining Term x 6 months
Total Monthly Difference = 72 CAD
+ Cash Incentive** (CAD) + 1,000
Total Savings (CAD) = 1,072
** "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: 4,362 CAD
  • Total Vehicle Debt: 40,093 CAD
  • Paid so Far: 34,731 CAD (86% Paid)
  • Remaining Lease Payments: 3,762 CAD
  • Residual Value: 1,600 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 34,731 CAD Total Vehicle Value: 40,093 CAD
86% Paid
14%
Vehicle Debt Breakdown
Downpayment: 1,500 CAD Remaining Term: 3,762 CAD
Term Paid so Far: 33,231 CAD Residual Value: 1,600 CAD
3%
83%
9%
5%
Cost to Own
Already Paid: 34,731 CAD (86%)
Cash Incentive: 1,000 CAD Buyout Price Today: 4,362 CAD
86% Paid
2%
12%
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: 4,362 CAD

  • 4.9%Interest Rate x 48 months
  • 100 CAD/month + tax
  • Total Payable: 4,812 CAD
  • Total Interest: 450 CAD
  • 8.9%Interest Rate x 48 months
  • 108 CAD/month + tax
  • Total Payable: 5,200 CAD
  • Total Interest: 838 CAD
  • 14.9%Interest Rate x 48 months
  • 121 CAD/month + tax
  • Total Payable: 5,816 CAD
  • Total Interest: 1,454 CAD

At the end of the Lease Contract

Residual Value: 1,600 CAD (in 6 months)

  • 4.9%Interest Rate x 48 months
  • 37 CAD/month + tax
  • Total Payable: 1,765 CAD
  • Total Interest: 165 CAD
  • 8.9%Interest Rate x 48 months
  • 40 CAD/month + tax
  • Total Payable: 1,908 CAD
  • Total Interest: 308 CAD
  • 14.9%Interest Rate x 48 months
  • 44 CAD/month + tax
  • Total Payable: 2,134 CAD
  • Total Interest: 534 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)
3.69
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 5.03CAD/100km (TODAY without the Cash Incentive)
  • 37.62CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
15.13
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 20.61CAD/day (Original Contract back in Jul, 2020)
Remaining Km
Can be driven up to:
2,878.78
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Jul, 2020)

Seller Contact Info

This Contract was Already Transferred.

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