Payment Analysis
518.82CAD/monthin Oakville, ON
- 518.82 CAD/month
- 239.46 CAD/bi-weekly
- 119.73 CAD/week
- 6,225.84 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 586.27 CAD/month
- 270.58 CAD/bi-weekly
- 135.29 CAD/week
- 7,035.20 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:
817 CAD
compared to leasing a BRAND NEW:
- RAM 1500 TRADESMAN
- for 60 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 561 |
|---|---|
| This Contract (CAD/month) | 519 |
| Monthly Difference | 43 CAD/month |
| Remaining Term | x 19 months |
| Total Monthly Difference | = 817 CAD |
| Total Savings (CAD) | = 817 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
51,858 CAD
- Total Vehicle Debt: 113,183 CAD
- Paid so Far: 61,325 CAD (54% Paid)
- Remaining Lease Payments: 9,858 CAD
- Residual Value: 42,000 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 61,325 CAD Total Vehicle Value: 113,183 CAD
Vehicle Debt Breakdown
Downpayment: 14,632 CAD Remaining Term: 9,858 CAD
Term Paid so Far: 46,694 CAD Residual Value: 42,000 CAD
Cost to Own
Already Paid: 61,325 CAD (54%)
Cash Incentive: 0 CAD Buyout Price Today: 51,858 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: 51,858 CAD
- 4.9%Interest Rate x 48 months
- 1,192 CAD/month + tax
- Total Payable: 57,211 CAD
- Total Interest: 5,353 CAD
- 8.9%Interest Rate x 48 months
- 1,288 CAD/month + tax
- Total Payable: 61,825 CAD
- Total Interest: 9,967 CAD
- 14.9%Interest Rate x 48 months
- 1,441 CAD/month + tax
- Total Payable: 69,149 CAD
- Total Interest: 17,292 CAD
At the end of the Lease Contract
Residual Value: 42,000 CAD (in 19 months)
- 4.9%Interest Rate x 48 months
- 965 CAD/month + tax
- Total Payable: 46,336 CAD
- Total Interest: 4,336 CAD
- 8.9%Interest Rate x 48 months
- 1,043 CAD/month + tax
- Total Payable: 50,073 CAD
- Total Interest: 8,073 CAD
- 14.9%Interest Rate x 48 months
- 1,167 CAD/month + tax
- Total Payable: 56,005 CAD
- Total Interest: 14,005 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)
10.30
- + tax
- + fuel
- + insurance
- 31.13CAD/100km (Original Contract back in Jun, 2017)
Time Analysis
Cost per day: (CAD)
17.06
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
1,161.94
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jun, 2017)
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2021 Ford
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- Cash Incentive: 2,500 CAD
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- Months to End: 11 months (Oct, 2025)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 57,600 km total
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- Original Downpayment: 8,000 CAD
- Residual Value: 60,058 CAD
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- Contract Allowance: 16,000 km/year
- Current Odometer: 11,500 km total
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2023 Ford
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- Months to End: 75 months (Mar, 2031)
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2024 Ford
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- Current Payment: 600 CAD/month + tax
- Original Downpayment: 3,500 CAD
- Residual Value: 64,112 CAD
- Months to End: 21 months (Sep, 2026)
Vehicle Status
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- Current Odometer: 1,800 km total
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- Current Payment: 698 CAD/month + tax
- Residual Value: 32,000 CAD
- Months to End: 23 months (Oct, 2026)
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- Current Odometer: 51,622 km total
- Available Now: 14,806 km/year (1,234 per month)
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+ 5,000 cash
2022 RAM
Sport 5.7 crew cab Automatique AWD Sport model
Payment Details
- Current Payment: 626 CAD/month + tax
- Required Payment: 5,000 CAD
- Payment Including Incentive: 2,293 CAD/month + tax
- Original Downpayment: 3,789 CAD
- Residual Value: 49,000 CAD
- Months to End: 3 months (Mar, 2025)
Vehicle Status
- Contract Allowance: 24,000 km/year
- Current Odometer: 23,000 km total
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