Payment Analysis

518.00CAD/monthin Burgeo, NL
    Before Taxes:
  • 518.00 CAD/month
  • 239.08 CAD/bi-weekly
  • 119.54 CAD/week
  • 6,216.00 CAD/year
Incl. Newfoundland & L. Taxes (15%):
  • 595.70 CAD/month
  • 274.94 CAD/bi-weekly
  • 137.47 CAD/week
  • 7,148.40 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: 800 ~ 1,200 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 12 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 518
This Contract (CAD/month) 518
Monthly Difference 0 CAD/month
Remaining Term x 23 months
Total Monthly Difference = 0 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 800 ~ 1,200

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,260 CAD
  • Total Vehicle Debt: 60,426 CAD
  • Paid so Far: 19,166 CAD (31% Paid)
  • Remaining Lease Payments: 11,914 CAD
  • Residual Value: 29,346 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,166 CAD Total Vehicle Value: 60,426 CAD
31% Paid
69%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 11,914 CAD
Term Paid so Far: 19,166 CAD Residual Value: 29,346 CAD
0%
31%
19%
50%
Cost to Own
Already Paid: 19,166 CAD (31%)
Cash Incentive: 0 CAD Buyout Price Today: 41,260 CAD
31% Paid
0%
69%
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: 41,260 CAD

  • 4.9%Interest Rate x 48 months
  • 948 CAD/month + tax
  • Total Payable: 45,519 CAD
  • Total Interest: 4,259 CAD
  • 8.9%Interest Rate x 48 months
  • 1,025 CAD/month + tax
  • Total Payable: 49,190 CAD
  • Total Interest: 7,930 CAD
  • 14.9%Interest Rate x 48 months
  • 1,146 CAD/month + tax
  • Total Payable: 55,018 CAD
  • Total Interest: 13,758 CAD

At the end of the Lease Contract

Residual Value: 29,346 CAD (in 23 months)

  • 4.9%Interest Rate x 48 months
  • 674 CAD/month + tax
  • Total Payable: 32,375 CAD
  • Total Interest: 3,029 CAD
  • 8.9%Interest Rate x 48 months
  • 729 CAD/month + tax
  • Total Payable: 34,986 CAD
  • Total Interest: 5,640 CAD
  • 14.9%Interest Rate x 48 months
  • 815 CAD/month + tax
  • Total Payable: 39,131 CAD
  • Total Interest: 9,785 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)
16.50
  • + tax
  • + fuel
  • + insurance
(or 0.17CAD per km)
  • 31.08CAD/100km (Original Contract back in Apr, 2019)
Time Analysis
Cost per day: (CAD)
17.03
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
724.41
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Apr, 2019)

Seller Contact Info

This Contract was Already Transferred.

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