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:
645 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 15 months |
| Total Monthly Difference | = 645 CAD |
| Total Savings (CAD) | = 645 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
49,782 CAD
- Total Vehicle Debt: 113,183 CAD
- Paid so Far: 63,401 CAD (56% Paid)
- Remaining Lease Payments: 7,782 CAD
- Residual Value: 42,000 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 63,401 CAD Total Vehicle Value: 113,183 CAD
Vehicle Debt Breakdown
Downpayment: 14,632 CAD Remaining Term: 7,782 CAD
Term Paid so Far: 48,769 CAD Residual Value: 42,000 CAD
Cost to Own
Already Paid: 63,401 CAD (56%)
Cash Incentive: 0 CAD Buyout Price Today: 49,782 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: 49,782 CAD
- 4.9%Interest Rate x 48 months
- 1,144 CAD/month + tax
- Total Payable: 54,921 CAD
- Total Interest: 5,139 CAD
- 8.9%Interest Rate x 48 months
- 1,236 CAD/month + tax
- Total Payable: 59,351 CAD
- Total Interest: 9,568 CAD
- 14.9%Interest Rate x 48 months
- 1,383 CAD/month + tax
- Total Payable: 66,382 CAD
- Total Interest: 16,600 CAD
At the end of the Lease Contract
Residual Value: 42,000 CAD (in 15 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)
8.13
- + 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:
1,471.79
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Jun, 2017)
Similar Listings in Toronto
+ 3,000 cash
2024 Ford
F150 Lariat Chrome package PowerBoost Automatique AWD
Payment Details
- Current Payment: 540 CAD/month + tax
- Required Payment: 3,000 CAD
- Payment Including Incentive: 716 CAD/month + tax
- Original Downpayment: 4,500 CAD
- Residual Value: 64,112 CAD
- Months to End: 17 months (Sep, 2026)
Vehicle Status
- Contract Allowance: 16,000 km/year
- Current Odometer: 4,700 km total
- Available Now: 19,271 km/year (1,606 per month)
- Excess Km Cost: 0.16 CAD/km
+ 1,000 cash
SAVE ~5,400 CAD
2023 Ford
F150 Lariat Automatique AWD Black appearance package
Payment Details
- Current Payment: 1,223 CAD/month + tax
- Cash Incentive: 1,000 CAD
- Payment After Incentive: 1,196 CAD/month + tax
- Original Downpayment: 5,000 CAD
- Months to End: 37 months (May, 2028)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 31,000 km total
- Available Now: 15,351 km/year (1,279 per month)
Deal Special Perks
2023 Ford
F650 Automatique 2WD
Payment Details
- Current Payment: 3,500 CAD/month + tax
- Original Downpayment: 10,000 CAD
- Residual Value: 15,900 CAD
- Months to End: 49 months (May, 2029)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 31,000 km total
- Available Now: 16,898 km/year (1,408 per month)
2024 GMC
Canyon Automatique AWD Fully loaded at4 package
Payment Details
- Current Payment: 830 CAD/month + tax
- Months to End: 33 months (Dec, 2027)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 1,500 km total
- Available Now: 21,273 km/year (1,773 per month)
2022 GMC
Sierra AT4 Automatique AWD
Payment Details
- Current Payment: 1,226 CAD/month + tax
- Residual Value: 49,000 CAD
- Months to End: 16 months (Jul, 2026)
Vehicle Status
- Contract Allowance: 24,000 km/year
- Current Odometer: 60,000 km total
- Available Now: 25,500 km/year (2,125 per month)
- Excess Km Cost: 0.15 CAD/km
2023 Ford
Lariat Automatique AWD
Payment Details
- Current Payment: 509 CAD/month + tax
- Months to End: 6 months (Sep, 2025)
Vehicle Status
- Contract Allowance: 16,000 km/year
- Current Odometer: 28,000 km total
- Available Now: -34,667 km/year (-2,889 per month)
- Please note that this contract ends in less than a year.
