Payment Analysis

360.00CAD/monthin Brampton, ON
    Before Taxes:
  • 360.00 CAD/month
  • 166.15 CAD/bi-weekly
  • 83.08 CAD/week
  • 4,320.00 CAD/year
Incl. Ontario Taxes (13%):
  • 406.80 CAD/month
  • 187.75 CAD/bi-weekly
  • 93.88 CAD/week
  • 4,881.60 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: 10,065 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze LT
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 577
This Contract (CAD/month) 360
Monthly Difference 217 CAD/month
Remaining Term x 45 months
Total Monthly Difference = 9,765 CAD
+ Cash Incentive** (CAD) + 300
Total Savings (CAD) = 10,065
** "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: 25,400 CAD
  • Total Vehicle Debt: 22,460 CAD
  • Paid so Far: -3,240 CAD (-15% Paid)
  • Remaining Lease Payments: 16,200 CAD
  • Residual Value: 9,500 CAD
  • Cash Incentive: 300 CAD
Vehicle Debt & Value
Paid so far: -3,240 CAD Total Vehicle Value: 22,460 CAD
-15% Paid
115%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 16,200 CAD
Term Paid so Far: -3,240 CAD Residual Value: 9,500 CAD
0%
-15%
72%
43%
Cost to Own
Already Paid: -3,240 CAD (-15%)
Cash Incentive: 300 CAD Buyout Price Today: 25,400 CAD
-15% Paid
1%
114%
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: 25,400 CAD

  • 4.9%Interest Rate x 48 months
  • 584 CAD/month + tax
  • Total Payable: 28,022 CAD
  • Total Interest: 2,622 CAD
  • 8.9%Interest Rate x 48 months
  • 631 CAD/month + tax
  • Total Payable: 30,282 CAD
  • Total Interest: 4,882 CAD
  • 14.9%Interest Rate x 48 months
  • 706 CAD/month + tax
  • Total Payable: 33,869 CAD
  • Total Interest: 8,469 CAD

At the end of the Lease Contract

Residual Value: 9,500 CAD (in 45 months)

  • 4.9%Interest Rate x 48 months
  • 218 CAD/month + tax
  • Total Payable: 10,481 CAD
  • Total Interest: 981 CAD
  • 8.9%Interest Rate x 48 months
  • 236 CAD/month + tax
  • Total Payable: 11,326 CAD
  • Total Interest: 1,826 CAD
  • 14.9%Interest Rate x 48 months
  • 264 CAD/month + tax
  • Total Payable: 12,668 CAD
  • Total Interest: 3,168 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)
31.80
  • + tax
  • + fuel
  • + insurance
(inlcuding the 300CAD incentive)
Time Analysis
Cost per day: (CAD)
11.62
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 300CAD incentive)
Remaining Km
Can be driven up to:
256.41
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD

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