Payment Analysis
712.00CAD/monthin Toronto, ON
- 712.00 CAD/month
- 328.62 CAD/bi-weekly
- 164.31 CAD/week
- 8,544.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 804.56 CAD/month
- 371.34 CAD/bi-weekly
- 185.67 CAD/week
- 9,654.72 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:
589 CAD
compared to leasing a BRAND NEW:
- 2021 Ram 1500 Classic Night Edition (Finance Takeover) w/ 5 year / 100,000 km warranty
- for 72 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 731 |
|---|---|
| This Contract (CAD/month) | 712 |
| Monthly Difference | 19 CAD/month |
| Remaining Term | x 31 months |
| Total Monthly Difference | = 589 CAD |
| Total Savings (CAD) | = 589 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
22,073 CAD
- Total Vehicle Debt: 68,353 CAD
- Paid so Far: 46,280 CAD (67% Paid)
- Remaining Lease Payments: 22,072 CAD
- Residual Value: 1 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 46,280 CAD Total Vehicle Value: 68,353 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 22,072 CAD
Term Paid so Far: 46,280 CAD Residual Value: 1 CAD
Cost to Own
Already Paid: 46,280 CAD (67%)
Cash Incentive: 0 CAD Buyout Price Today: 22,073 CAD
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: 22,073 CAD
- 4.9%Interest Rate x 48 months
- 507 CAD/month + tax
- Total Payable: 24,352 CAD
- Total Interest: 2,279 CAD
- 8.9%Interest Rate x 48 months
- 548 CAD/month + tax
- Total Payable: 26,316 CAD
- Total Interest: 4,243 CAD
- 14.9%Interest Rate x 48 months
- 613 CAD/month + tax
- Total Payable: 29,433 CAD
- Total Interest: 7,360 CAD
At the end of the Lease Contract
Residual Value: 1 CAD (in 31 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)
18.39
- + tax
- + fuel
- + insurance
- 42.72CAD/100km (Original Contract back in Nov, 2019)
Time Analysis
Cost per day: (CAD)
23.41
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
893.30
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Nov, 2019)
Seller Contact Info
This Contract was Already Transferred.
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