Payment Analysis

410.56CAD/monthin Peterborough, ON
    Before Taxes:
  • 410.56 CAD/month
  • 189.49 CAD/bi-weekly
  • 94.74 CAD/week
  • 4,926.72 CAD/year
Incl. Ontario Taxes (13%):
  • 463.93 CAD/month
  • 214.12 CAD/bi-weekly
  • 107.06 CAD/week
  • 5,567.19 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: 13,500 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Trax
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 680
This Contract (CAD/month) 411
Monthly Difference 270 CAD/month
Remaining Term x 50 months
Total Monthly Difference = 13,500 CAD
Total Savings (CAD) = 13,500

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 34,764 CAD
  • Total Vehicle Debt: 33,943 CAD
  • Paid so Far: -821 CAD (-3% Paid)
  • Remaining Lease Payments: 20,528 CAD
  • Residual Value: 14,236 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -821 CAD Total Vehicle Value: 33,943 CAD
-3% Paid
103%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 20,528 CAD
Term Paid so Far: -821 CAD Residual Value: 14,236 CAD
0%
-3%
60%
43%
Cost to Own
Already Paid: -821 CAD (-3%)
Cash Incentive: 0 CAD Buyout Price Today: 34,764 CAD
-3% Paid
0%
103%
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: 34,764 CAD

  • 4.9%Interest Rate x 48 months
  • 799 CAD/month + tax
  • Total Payable: 38,353 CAD
  • Total Interest: 3,589 CAD
  • 8.9%Interest Rate x 48 months
  • 863 CAD/month + tax
  • Total Payable: 41,446 CAD
  • Total Interest: 6,682 CAD
  • 14.9%Interest Rate x 48 months
  • 966 CAD/month + tax
  • Total Payable: 46,356 CAD
  • Total Interest: 11,592 CAD

At the end of the Lease Contract

Residual Value: 14,236 CAD (in 50 months)

  • 4.9%Interest Rate x 48 months
  • 327 CAD/month + tax
  • Total Payable: 15,706 CAD
  • Total Interest: 1,470 CAD
  • 8.9%Interest Rate x 48 months
  • 354 CAD/month + tax
  • Total Payable: 16,972 CAD
  • Total Interest: 2,736 CAD
  • 14.9%Interest Rate x 48 months
  • 395 CAD/month + tax
  • Total Payable: 18,983 CAD
  • Total Interest: 4,747 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)
68.43
  • + tax
  • + fuel
  • + insurance
(or 0.68CAD per km)
Time Analysis
Cost per day: (CAD)
13.50
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
138.46
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD

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