Payment Analysis

258.00CAD/monthin Montreal, QC
    Before Taxes:
  • 258.00 CAD/month
  • 119.08 CAD/bi-weekly
  • 59.54 CAD/week
  • 3,096.00 CAD/year
Incl. Québec Taxes (14.98%):
  • 296.65 CAD/month
  • 136.91 CAD/bi-weekly
  • 68.46 CAD/week
  • 3,559.78 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: 1,858 ~ 3,158 CAD

compared to leasing a BRAND NEW:

  • Chevrolet SPARK FWD 2LT CVT
  • for 36 months
  • in QC
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 344
This Contract (CAD/month) 258
Monthly Difference 86 CAD/month
Remaining Term x 3 months
Total Monthly Difference = 258 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,858 ~ 3,158

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 9,076 CAD
  • Total Vehicle Debt: 23,907 CAD
  • Paid so Far: 14,831 CAD (62% Paid)
  • Remaining Lease Payments: 774 CAD
  • Residual Value: 8,302 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 14,831 CAD Total Vehicle Value: 23,907 CAD
62% Paid
38%
Vehicle Debt Breakdown
Downpayment: 3,479 CAD Remaining Term: 774 CAD
Term Paid so Far: 11,352 CAD Residual Value: 8,302 CAD
14%
48%
3%
35%
Cost to Own
Already Paid: 14,831 CAD (62%)
Cash Incentive: 0 CAD Buyout Price Today: 9,076 CAD
62% Paid
0%
38%
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: 9,076 CAD

  • 4.9%Interest Rate x 48 months
  • 209 CAD/month + tax
  • Total Payable: 10,013 CAD
  • Total Interest: 937 CAD
  • 8.9%Interest Rate x 48 months
  • 225 CAD/month + tax
  • Total Payable: 10,820 CAD
  • Total Interest: 1,744 CAD
  • 14.9%Interest Rate x 48 months
  • 252 CAD/month + tax
  • Total Payable: 12,102 CAD
  • Total Interest: 3,026 CAD

At the end of the Lease Contract

Residual Value: 8,302 CAD (in 3 months)

  • 4.9%Interest Rate x 48 months
  • 191 CAD/month + tax
  • Total Payable: 9,159 CAD
  • Total Interest: 857 CAD
  • 8.9%Interest Rate x 48 months
  • 206 CAD/month + tax
  • Total Payable: 9,898 CAD
  • Total Interest: 1,596 CAD
  • 14.9%Interest Rate x 48 months
  • 231 CAD/month + tax
  • Total Payable: 11,070 CAD
  • Total Interest: 2,768 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)
1.03
  • + tax
  • + fuel
  • + insurance
(or 0.01CAD per km)
  • 15.48CAD/100km (Original Contract back in Sep, 2020)
Time Analysis
Cost per day: (CAD)
8.48
  • + tax
  • + insurance
  • + km driven & fuel
(1.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
5,794.87
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Sep, 2020)

Seller Contact Info

This Contract was Already Transferred.

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