Payment Analysis

434.25CAD/monthin Kenora or Winnipeg, MB
    Before Taxes:
  • 434.25 CAD/month
  • 200.42 CAD/bi-weekly
  • 100.21 CAD/week
  • 5,211.00 CAD/year
Incl. Ontario Taxes (13%):
  • 490.70 CAD/month
  • 226.48 CAD/bi-weekly
  • 113.24 CAD/week
  • 5,888.43 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: 2,808 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 60 months
  • in MB
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 547
This Contract (CAD/month) 434
Monthly Difference 113 CAD/month
Remaining Term x 16 months
Total Monthly Difference = 1,808 CAD
+ Cash Incentive** (CAD) + 1,000
Total Savings (CAD) = 2,808
** "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: 8,989 CAD
  • Total Vehicle Debt: 33,873 CAD
  • Paid so Far: 23,884 CAD (70% Paid)
  • Remaining Lease Payments: 6,948 CAD
  • Residual Value: 3,041 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 23,884 CAD Total Vehicle Value: 33,873 CAD
70% Paid
30%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,948 CAD
Term Paid so Far: 23,884 CAD Residual Value: 3,041 CAD
0%
70%
20%
10%
Cost to Own
Already Paid: 23,884 CAD (70%)
Cash Incentive: 1,000 CAD Buyout Price Today: 8,989 CAD
70% Paid
3%
27%
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: 8,989 CAD

  • 4.9%Interest Rate x 48 months
  • 207 CAD/month + tax
  • Total Payable: 9,917 CAD
  • Total Interest: 928 CAD
  • 8.9%Interest Rate x 48 months
  • 223 CAD/month + tax
  • Total Payable: 10,717 CAD
  • Total Interest: 1,728 CAD
  • 14.9%Interest Rate x 48 months
  • 250 CAD/month + tax
  • Total Payable: 11,987 CAD
  • Total Interest: 2,997 CAD

At the end of the Lease Contract

Residual Value: 3,041 CAD (in 16 months)

  • 4.9%Interest Rate x 48 months
  • 70 CAD/month + tax
  • Total Payable: 3,355 CAD
  • Total Interest: 314 CAD
  • 8.9%Interest Rate x 48 months
  • 76 CAD/month + tax
  • Total Payable: 3,626 CAD
  • Total Interest: 585 CAD
  • 14.9%Interest Rate x 48 months
  • 84 CAD/month + tax
  • Total Payable: 4,055 CAD
  • Total Interest: 1,014 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)
7.43
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 8.68CAD/100km (TODAY without the Cash Incentive)
  • 20.84CAD/100km (Original Contract back in Jun, 2020)
Time Analysis
Cost per day: (CAD)
12.22
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 14.28CAD/day (Original Contract back in Jun, 2020)
Remaining Km
Can be driven up to:
1,154.52
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 480.77km/week (Contract Original back in Jun, 2020)

Seller Contact Info

This Contract was Already Transferred.