Payment Analysis

780.00CAD/monthin Calgary, AB
    Before Taxes:
  • 780.00 CAD/month
  • 360.00 CAD/bi-weekly
  • 180.00 CAD/week
  • 9,360.00 CAD/year
Incl. Alberta Taxes (5%):
  • 819.00 CAD/month
  • 378.00 CAD/bi-weekly
  • 189.00 CAD/week
  • 9,828.00 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: 1,230 ~ 2,530 CAD

compared to leasing a BRAND NEW:

  • RAM RAM 1500 CLASSIC WARLOCK(Finance Takeover)
  • for 72 months
  • in AB
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 810
This Contract (CAD/month) 780
Monthly Difference 30 CAD/month
Remaining Term x 21 months
Total Monthly Difference = 630 CAD
- Required Payment** (CAD) - 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,230 ~ 2,530
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,381 CAD
  • Total Vehicle Debt: 56,161 CAD
  • Paid so Far: 39,780 CAD (70% Paid)
  • Remaining Lease Payments: 16,380 CAD
  • Residual Value: 1 CAD
  • Required Payment: 1,000 CAD
Vehicle Debt & Value
Paid so far: 39,780 CAD Total Vehicle Value: 56,161 CAD
70% Paid
30%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 16,380 CAD
Term Paid so Far: 39,780 CAD Residual Value: 1 CAD
0%
70%
29%
1%
Cost to Own
Already Paid: 39,780 CAD (70%)
Required Payment: 1,000 CAD (1%)Buyout Price Today: 17,381 CAD
69% Paid
1%
30%
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: 17,381 CAD

  • 4.9%Interest Rate x 48 months
  • 399 CAD/month + tax
  • Total Payable: 19,175 CAD
  • Total Interest: 1,794 CAD
  • 8.9%Interest Rate x 48 months
  • 432 CAD/month + tax
  • Total Payable: 20,722 CAD
  • Total Interest: 3,341 CAD
  • 14.9%Interest Rate x 48 months
  • 483 CAD/month + tax
  • Total Payable: 23,177 CAD
  • Total Interest: 5,796 CAD

At the end of the Lease Contract

Residual Value: 1 CAD (in 21 months)

  • 4.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 8.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 14.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 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)
17.92
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 16.89CAD/100km (TODAY without the Cash Incentive)
  • 46.80CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
27.21
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 25.64CAD/day (Original Contract back in Aug, 2020)
Remaining Km
Can be driven up to:
1,065.93
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 384.62km/week (Contract Original back in Aug, 2020)

Seller Contact Info

This Contract was Already Transferred.

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