Payment Analysis

978.62CAD/monthin Calgary, AB
    Before Taxes:
  • 978.62 CAD/month
  • 451.67 CAD/bi-weekly
  • 225.84 CAD/week
  • 11,743.44 CAD/year
Incl. Alberta Taxes (5%):
  • 1,027.55 CAD/month
  • 474.25 CAD/bi-weekly
  • 237.13 CAD/week
  • 12,330.61 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: 1,304 ~ 1,704 CAD

compared to leasing a BRAND NEW:

  • V60 Cross Country Trim Cross Country
  • for 24 months
  • in AB
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 999
This Contract (CAD/month) 979
Monthly Difference 21 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 504 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,304 ~ 1,704

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 53,018 CAD
  • Total Vehicle Debt: 76,505 CAD
  • Paid so Far: 23,487 CAD (30% Paid)
  • Remaining Lease Payments: 23,487 CAD
  • Residual Value: 29,531 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 23,487 CAD Total Vehicle Value: 76,505 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 23,487 CAD
Term Paid so Far: 23,487 CAD Residual Value: 29,531 CAD
0%
30%
31%
39%
Cost to Own
Already Paid: 23,487 CAD (30%)
Cash Incentive: 0 CAD Buyout Price Today: 53,018 CAD
30% Paid
0%
70%
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: 53,018 CAD

  • 4.9%Interest Rate x 48 months
  • 1,219 CAD/month + tax
  • Total Payable: 58,491 CAD
  • Total Interest: 5,473 CAD
  • 8.9%Interest Rate x 48 months
  • 1,317 CAD/month + tax
  • Total Payable: 63,208 CAD
  • Total Interest: 10,190 CAD
  • 14.9%Interest Rate x 48 months
  • 1,473 CAD/month + tax
  • Total Payable: 70,696 CAD
  • Total Interest: 17,678 CAD

At the end of the Lease Contract

Residual Value: 29,531 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 679 CAD/month + tax
  • Total Payable: 32,579 CAD
  • Total Interest: 3,049 CAD
  • 8.9%Interest Rate x 48 months
  • 733 CAD/month + tax
  • Total Payable: 35,207 CAD
  • Total Interest: 5,676 CAD
  • 14.9%Interest Rate x 48 months
  • 820 CAD/month + tax
  • Total Payable: 39,378 CAD
  • Total Interest: 9,847 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)
38.82
  • + tax
  • + fuel
  • + insurance
(or 0.39CAD per km)
  • 58.72CAD/100km (Original Contract back in Oct, 2018)
Time Analysis
Cost per day: (CAD)
32.17
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
581.73
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 384.62km/week (Contract Original back in Oct, 2018)

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