Payment Analysis

520.67CAD/monthin Calgary, AB
    Before Taxes:
  • 520.67 CAD/month
  • 240.31 CAD/bi-weekly
  • 120.15 CAD/week
  • 6,248.04 CAD/year
Incl. Alberta Taxes (5%):
  • 546.70 CAD/month
  • 252.32 CAD/bi-weekly
  • 126.16 CAD/week
  • 6,560.44 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: 989 ~ 1,889 CAD

compared to leasing a BRAND NEW:

  • Chevrolet MALIBU FWD LT
  • for 60 months
  • in Alberta
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 547
This Contract (CAD/month) 521
Monthly Difference 27 CAD/month
Remaining Term x 7 months
Total Monthly Difference = 189 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 989 ~ 1,889

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 18,164 CAD
  • Total Vehicle Debt: 47,474 CAD
  • Paid so Far: 29,310 CAD (61% Paid)
  • Remaining Lease Payments: 3,645 CAD
  • Residual Value: 14,520 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 29,310 CAD Total Vehicle Value: 47,474 CAD
61% Paid
39%
Vehicle Debt Breakdown
Downpayment: 1,714 CAD Remaining Term: 3,645 CAD
Term Paid so Far: 27,596 CAD Residual Value: 14,520 CAD
3%
58%
7%
32%
Cost to Own
Already Paid: 29,310 CAD (61%)
Cash Incentive: 0 CAD Buyout Price Today: 18,164 CAD
61% Paid
0%
39%
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: 18,164 CAD

  • 4.9%Interest Rate x 48 months
  • 417 CAD/month + tax
  • Total Payable: 20,040 CAD
  • Total Interest: 1,875 CAD
  • 8.9%Interest Rate x 48 months
  • 451 CAD/month + tax
  • Total Payable: 21,656 CAD
  • Total Interest: 3,491 CAD
  • 14.9%Interest Rate x 48 months
  • 505 CAD/month + tax
  • Total Payable: 24,221 CAD
  • Total Interest: 6,057 CAD

At the end of the Lease Contract

Residual Value: 14,520 CAD (in 7 months)

  • 4.9%Interest Rate x 48 months
  • 334 CAD/month + tax
  • Total Payable: 16,019 CAD
  • Total Interest: 1,499 CAD
  • 8.9%Interest Rate x 48 months
  • 361 CAD/month + tax
  • Total Payable: 17,311 CAD
  • Total Interest: 2,791 CAD
  • 14.9%Interest Rate x 48 months
  • 403 CAD/month + tax
  • Total Payable: 19,361 CAD
  • Total Interest: 4,842 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)
4.53
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 31.24CAD/100km (Original Contract back in Mar, 2019)
Time Analysis
Cost per day: (CAD)
17.12
  • + tax
  • + insurance
  • + km driven & fuel
(0.47CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
2,653.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Mar, 2019)

Seller Contact Info

This Contract was Already Transferred.

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