Payment Analysis

396.46CAD/monthin Markham, ON
    Before Taxes:
  • 396.46 CAD/month
  • 182.98 CAD/bi-weekly
  • 91.49 CAD/week
  • 4,757.52 CAD/year
Incl. Ontario Taxes (13%):
  • 448.00 CAD/month
  • 206.77 CAD/bi-weekly
  • 103.38 CAD/week
  • 5,376.00 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: 1,600 ~ 2,900 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) 396
This Contract (CAD/month) 396
Monthly Difference 0 CAD/month
Remaining Term x 8 months
Total Monthly Difference = 0 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,600 ~ 2,900

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 12,412 CAD
  • Total Vehicle Debt: 33,516 CAD
  • Paid so Far: 21,104 CAD (62% Paid)
  • Remaining Lease Payments: 3,172 CAD
  • Residual Value: 9,240 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 21,104 CAD Total Vehicle Value: 33,516 CAD
62% Paid
38%
Vehicle Debt Breakdown
Downpayment: 885 CAD Remaining Term: 3,172 CAD
Term Paid so Far: 20,219 CAD Residual Value: 9,240 CAD
2%
60%
9%
29%
Cost to Own
Already Paid: 21,104 CAD (62%)
Cash Incentive: 0 CAD Buyout Price Today: 12,412 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: 12,412 CAD

  • 4.9%Interest Rate x 48 months
  • 285 CAD/month + tax
  • Total Payable: 13,693 CAD
  • Total Interest: 1,281 CAD
  • 8.9%Interest Rate x 48 months
  • 308 CAD/month + tax
  • Total Payable: 14,797 CAD
  • Total Interest: 2,386 CAD
  • 14.9%Interest Rate x 48 months
  • 345 CAD/month + tax
  • Total Payable: 16,550 CAD
  • Total Interest: 4,139 CAD

At the end of the Lease Contract

Residual Value: 9,240 CAD (in 8 months)

  • 4.9%Interest Rate x 48 months
  • 212 CAD/month + tax
  • Total Payable: 10,194 CAD
  • Total Interest: 954 CAD
  • 8.9%Interest Rate x 48 months
  • 229 CAD/month + tax
  • Total Payable: 11,016 CAD
  • Total Interest: 1,776 CAD
  • 14.9%Interest Rate x 48 months
  • 257 CAD/month + tax
  • Total Payable: 12,321 CAD
  • Total Interest: 3,081 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)
3.63
  • + tax
  • + fuel
  • + insurance
(or 0.04CAD per km)
  • 23.79CAD/100km (Original Contract back in Sep, 2020)
Time Analysis
Cost per day: (CAD)
13.03
  • + tax
  • + insurance
  • + km driven & fuel
(0.41CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
2,522.12
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Sep, 2020)

Seller Contact Info

This Contract was Already Transferred.

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