Payment Analysis

719.79CAD/monthin Edmonton, AB
    Before Taxes:
  • 719.79 CAD/month
  • 332.21 CAD/bi-weekly
  • 166.11 CAD/week
  • 8,637.48 CAD/year
Incl. Alberta Taxes (5%):
  • 755.78 CAD/month
  • 348.82 CAD/bi-weekly
  • 174.41 CAD/week
  • 9,069.35 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: 2,070 CAD

compared to leasing a BRAND NEW:

  • 2022 Ford MAVERICK™ LARIAT w/ 4k Tow Package $800 + LARIAT Luxury Package $5,000 + 10 Oil Changes + FX4 package $1,120 + Moon roof of $800
  • for 36 months
  • in Alberta
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 834
This Contract (CAD/month) 720
Monthly Difference 115 CAD/month
Remaining Term x 18 months
Total Monthly Difference = 2,070 CAD
Total Savings (CAD) = 2,070

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 34,708 CAD
  • Total Vehicle Debt: 56,302 CAD
  • Paid so Far: 21,594 CAD (38% Paid)
  • Remaining Lease Payments: 12,956 CAD
  • Residual Value: 21,752 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 21,594 CAD Total Vehicle Value: 56,302 CAD
38% Paid
62%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,956 CAD
Term Paid so Far: 21,594 CAD Residual Value: 21,752 CAD
0%
38%
23%
39%
Cost to Own
Already Paid: 21,594 CAD (38%)
Cash Incentive: 0 CAD Buyout Price Today: 34,708 CAD
38% Paid
0%
62%
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: 34,708 CAD

  • 4.9%Interest Rate x 48 months
  • 798 CAD/month + tax
  • Total Payable: 38,291 CAD
  • Total Interest: 3,583 CAD
  • 8.9%Interest Rate x 48 months
  • 862 CAD/month + tax
  • Total Payable: 41,379 CAD
  • Total Interest: 6,671 CAD
  • 14.9%Interest Rate x 48 months
  • 964 CAD/month + tax
  • Total Payable: 46,281 CAD
  • Total Interest: 11,573 CAD

At the end of the Lease Contract

Residual Value: 21,752 CAD (in 18 months)

  • 4.9%Interest Rate x 48 months
  • 500 CAD/month + tax
  • Total Payable: 23,997 CAD
  • Total Interest: 2,245 CAD
  • 8.9%Interest Rate x 48 months
  • 540 CAD/month + tax
  • Total Payable: 25,932 CAD
  • Total Interest: 4,181 CAD
  • 14.9%Interest Rate x 48 months
  • 604 CAD/month + tax
  • Total Payable: 29,005 CAD
  • Total Interest: 7,253 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)
14.56
  • + tax
  • + fuel
  • + insurance
(or 0.15CAD per km)
  • 34.55CAD/100km (Original Contract back in Jun, 2022)
Time Analysis
Cost per day: (CAD)
23.66
  • + tax
  • + insurance
  • + km driven & fuel
(0.18CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,141.03
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 480.77km/week (Contract Original back in Jun, 2022)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 750 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 702 CAD/month + tax
  • Original Downpayment: 1,000 CAD
  • Months to End: 21 months (Oct, 2026)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 52,000 km total
  • Available Now: 16,000 km/year (1,333 per month)
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