Ford Lease Takeover in Lloydminster, AB: 2020 Ford Escape SE Automatique 2WD ID:#27002 • LeaseCosts Canada

Payment Analysis

500.00CAD/monthin Lloydminster, AB

Before Taxes:

500.00 CAD/month
230.77 CAD/bi-weekly
115.38 CAD/week
6,000.00 CAD/year

Incl. Alberta Taxes (5%):

525.00 CAD/month
242.31 CAD/bi-weekly
121.15 CAD/week
6,300.00 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: 1,540 ~ 2,440 CAD

compared to leasing a BRAND NEW:

Ford ESCAPE SE
for 36 months
in AB
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	540
This Contract (CAD/month)	500
Monthly Difference	40 CAD/month
Remaining Term	x 12 months
Total Monthly Difference	= 480 CAD
+ Cash Incentive** (CAD)	+ 260
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 1,540 ~ 2,440
	** "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: 22,240 CAD

Total Vehicle Debt: 47,200 CAD
Paid so Far: 24,700 CAD (52% Paid)
Remaining Lease Payments: 6,000 CAD
Residual Value: 16,500 CAD
Cash Incentive: 260 CAD

Vehicle Debt & Value

Paid so far: 24,700 CAD Total Vehicle Value: 47,200 CAD

52% Paid

48%

Vehicle Debt Breakdown

Downpayment: 700 CAD Remaining Term: 6,000 CAD

Term Paid so Far: 24,000 CAD Residual Value: 16,500 CAD

51%

12%

36%

Cost to Own

Already Paid: 24,700 CAD (52%)

Cash Incentive: 260 CAD Buyout Price Today: 22,240 CAD

52% Paid

48%

Additional Financing Details

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: 22,240 CAD

4.9%Interest Rate x 48 months
511 CAD/month + tax
Total Payable: 24,536 CAD
Total Interest: 2,296 CAD

8.9%Interest Rate x 48 months
552 CAD/month + tax
Total Payable: 26,515 CAD
Total Interest: 4,275 CAD

14.9%Interest Rate x 48 months
618 CAD/month + tax
Total Payable: 29,656 CAD
Total Interest: 7,416 CAD

At the end of the Lease Contract

Residual Value: 16,500 CAD (in 12 months)

4.9%Interest Rate x 48 months
379 CAD/month + tax
Total Payable: 18,203 CAD
Total Interest: 1,703 CAD

8.9%Interest Rate x 48 months
410 CAD/month + tax
Total Payable: 19,671 CAD
Total Interest: 3,171 CAD

14.9%Interest Rate x 48 months
458 CAD/month + tax
Total Payable: 22,002 CAD
Total Interest: 5,502 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)