Payment Analysis

567.28CAD/monthin Owen Sound, ON
    Before Taxes:
  • 567.28 CAD/month
  • 261.82 CAD/bi-weekly
  • 130.91 CAD/week
  • 6,807.36 CAD/year
Incl. Ontario Taxes (13%):
  • 641.03 CAD/month
  • 295.86 CAD/bi-weekly
  • 147.93 CAD/week
  • 7,692.32 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: 36,754 ~ 38,054 CAD

compared to leasing a BRAND NEW:

  • LINCOLN MKZ HYBRID RESERVE
  • for 12 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,404
This Contract (CAD/month) 567
Monthly Difference 837 CAD/month
Remaining Term x 42 months
Total Monthly Difference = 35,154 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 36,754 ~ 38,054

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 42,011 CAD
  • Total Vehicle Debt: 45,415 CAD
  • Paid so Far: 3,404 CAD (7% Paid)
  • Remaining Lease Payments: 23,826 CAD
  • Residual Value: 18,186 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 3,404 CAD Total Vehicle Value: 45,415 CAD
7% Paid
93%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 23,826 CAD
Term Paid so Far: 3,404 CAD Residual Value: 18,186 CAD
0%
7%
52%
41%
Cost to Own
Already Paid: 3,404 CAD (7%)
Cash Incentive: 0 CAD Buyout Price Today: 42,011 CAD
7% Paid
0%
93%
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: 42,011 CAD

  • 4.9%Interest Rate x 48 months
  • 966 CAD/month + tax
  • Total Payable: 46,348 CAD
  • Total Interest: 4,337 CAD
  • 8.9%Interest Rate x 48 months
  • 1,043 CAD/month + tax
  • Total Payable: 50,086 CAD
  • Total Interest: 8,075 CAD
  • 14.9%Interest Rate x 48 months
  • 1,167 CAD/month + tax
  • Total Payable: 56,020 CAD
  • Total Interest: 14,008 CAD

At the end of the Lease Contract

Residual Value: 18,186 CAD (in 42 months)

  • 4.9%Interest Rate x 48 months
  • 418 CAD/month + tax
  • Total Payable: 20,063 CAD
  • Total Interest: 1,877 CAD
  • 8.9%Interest Rate x 48 months
  • 452 CAD/month + tax
  • Total Payable: 21,681 CAD
  • Total Interest: 3,495 CAD
  • 14.9%Interest Rate x 48 months
  • 505 CAD/month + tax
  • Total Payable: 24,249 CAD
  • Total Interest: 6,064 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)
48.35
  • + tax
  • + fuel
  • + insurance
(or 0.48CAD per km)
Time Analysis
Cost per day: (CAD)
18.65
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
270.77
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD

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