Payment Analysis
567.28CAD/monthin Owen Sound, ON
- 567.28 CAD/month
- 261.82 CAD/bi-weekly
- 130.91 CAD/week
- 6,807.36 CAD/year
Before Taxes:
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
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
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 23,826 CAD
Term Paid so Far: 3,404 CAD Residual Value: 18,186 CAD
Cost to Own
Already Paid: 3,404 CAD (7%)
Cash Incentive: 0 CAD Buyout Price Today: 42,011 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: 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
Time Analysis
Cost per day: (CAD)
18.65
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
270.77
- km/week
- without any
- additional costs
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