Payment Analysis

500.39CAD/monthin Victoria, BC
    Before Taxes:
  • 500.39 CAD/month
  • 230.95 CAD/bi-weekly
  • 115.47 CAD/week
  • 6,004.68 CAD/year
Incl. B.C. Taxes (12%):
  • 560.44 CAD/month
  • 258.66 CAD/bi-weekly
  • 129.33 CAD/week
  • 6,725.24 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: 38,997 CAD

compared to leasing a BRAND NEW:

  • GMC EDGE SEL AWD
  • for 12 months
  • in AL
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,119
This Contract (CAD/month) 500
Monthly Difference 619 CAD/month
Remaining Term x 63 months
Total Monthly Difference = 38,997 CAD
Total Savings (CAD) = 38,997

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 43,525 CAD
  • Total Vehicle Debt: 46,019 CAD
  • Paid so Far: 2,494 CAD (5% Paid)
  • Remaining Lease Payments: 31,525 CAD
  • Residual Value: 12,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 2,494 CAD Total Vehicle Value: 46,019 CAD
5% Paid
95%
Vehicle Debt Breakdown
Downpayment: 10,000 CAD Remaining Term: 31,525 CAD
Term Paid so Far: -7,506 CAD Residual Value: 12,000 CAD
20%
-15%
68%
27%
Cost to Own
Already Paid: 2,494 CAD (5%)
Cash Incentive: 0 CAD Buyout Price Today: 43,525 CAD
5% Paid
0%
95%
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: 43,525 CAD

  • 4.9%Interest Rate x 48 months
  • 1,000 CAD/month + tax
  • Total Payable: 48,018 CAD
  • Total Interest: 4,493 CAD
  • 8.9%Interest Rate x 48 months
  • 1,081 CAD/month + tax
  • Total Payable: 51,890 CAD
  • Total Interest: 8,366 CAD
  • 14.9%Interest Rate x 48 months
  • 1,209 CAD/month + tax
  • Total Payable: 58,038 CAD
  • Total Interest: 14,513 CAD

At the end of the Lease Contract

Residual Value: 12,000 CAD (in 63 months)

  • 4.9%Interest Rate x 48 months
  • 276 CAD/month + tax
  • Total Payable: 13,239 CAD
  • Total Interest: 1,239 CAD
  • 8.9%Interest Rate x 48 months
  • 298 CAD/month + tax
  • Total Payable: 14,306 CAD
  • Total Interest: 2,306 CAD
  • 14.9%Interest Rate x 48 months
  • 333 CAD/month + tax
  • Total Payable: 16,001 CAD
  • Total Interest: 4,001 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)
359.46
  • + tax
  • + fuel
  • + insurance
(or 3.59CAD per km)
Time Analysis
Cost per day: (CAD)
16.45
  • + tax
  • + insurance
  • + km driven & fuel
(0.05CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
32.12
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided