Payment Analysis
619.00CAD/monthin Vaughan, ON
- 619.00 CAD/month
- 285.69 CAD/bi-weekly
- 142.85 CAD/week
- 7,428.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 699.47 CAD/month
- 322.83 CAD/bi-weekly
- 161.42 CAD/week
- 8,393.64 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:
6,420 ~ 6,820 CAD
compared to leasing a BRAND NEW:
- Chevrolet TRAVERSE FWD LS
- for 24 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 759 |
|---|---|
| This Contract (CAD/month) | 619 |
| Monthly Difference | 140 CAD/month |
| Remaining Term | x 33 months |
| Total Monthly Difference | = 4,620 CAD |
| + Cash Incentive** (CAD) | + 1,000 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 6,420 ~ 6,820 |
| ** "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:
32,527 CAD
- Total Vehicle Debt: 53,340 CAD
- Paid so Far: 19,813 CAD (37% Paid)
- Remaining Lease Payments: 20,427 CAD
- Residual Value: 13,100 CAD
- Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 19,813 CAD Total Vehicle Value: 53,340 CAD
Vehicle Debt Breakdown
Downpayment: 3,100 CAD Remaining Term: 20,427 CAD
Term Paid so Far: 16,713 CAD Residual Value: 13,100 CAD
Cost to Own
Already Paid: 19,813 CAD (37%)
Cash Incentive: 1,000 CAD Buyout Price Today: 32,527 CAD
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: 32,527 CAD
- 4.9%Interest Rate x 48 months
- 748 CAD/month + tax
- Total Payable: 35,885 CAD
- Total Interest: 3,358 CAD
- 8.9%Interest Rate x 48 months
- 808 CAD/month + tax
- Total Payable: 38,779 CAD
- Total Interest: 6,252 CAD
- 14.9%Interest Rate x 48 months
- 904 CAD/month + tax
- Total Payable: 43,373 CAD
- Total Interest: 10,846 CAD
At the end of the Lease Contract
Residual Value: 13,100 CAD (in 33 months)
- 4.9%Interest Rate x 48 months
- 301 CAD/month + tax
- Total Payable: 14,452 CAD
- Total Interest: 1,352 CAD
- 8.9%Interest Rate x 48 months
- 325 CAD/month + tax
- Total Payable: 15,618 CAD
- Total Interest: 2,518 CAD
- 14.9%Interest Rate x 48 months
- 364 CAD/month + tax
- Total Payable: 17,468 CAD
- Total Interest: 4,368 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)
25.56
- + tax
- + fuel
- + insurance
- 26.88CAD/100km (TODAY without the Cash Incentive)
- 37.14CAD/100km (Original Contract back in May, 2017)
Time Analysis
Cost per day: (CAD)
19.35
- + tax
- + insurance
- + km driven & fuel
- 20.35CAD/day (Original Contract back in May, 2017)
Remaining Km
Can be driven up to:
531.47
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2017)
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