Payment Analysis

364.20CAD/monthin Montreal, QC
    Before Taxes:
  • 364.20 CAD/month
  • 168.09 CAD/bi-weekly
  • 84.05 CAD/week
  • 4,370.40 CAD/year
Incl. Québec Taxes (14.98%):
  • 418.76 CAD/month
  • 193.27 CAD/bi-weekly
  • 96.64 CAD/week
  • 5,025.09 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: 8,592 ~ 8,992 CAD

compared to leasing a BRAND NEW:

  • Chevrolet Cruze Hatchback LT
  • for 36 months
  • in Quebec
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 650
This Contract (CAD/month) 364
Monthly Difference 286 CAD/month
Remaining Term x 22 months
Total Monthly Difference = 6,292 CAD
+ Cash Incentive** (CAD) + 1,500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 8,592 ~ 8,992
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 13,453 CAD
  • Total Vehicle Debt: 28,792 CAD
  • Paid so Far: 13,840 CAD (48% Paid)
  • Remaining Lease Payments: 8,012 CAD
  • Residual Value: 6,940 CAD
  • Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 13,840 CAD Total Vehicle Value: 28,792 CAD
48% Paid
52%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,012 CAD
Term Paid so Far: 13,840 CAD Residual Value: 6,940 CAD
0%
48%
27%
25%
Cost to Own
Already Paid: 13,840 CAD (48%)
Cash Incentive: 1,500 CAD Buyout Price Today: 13,453 CAD
48% Paid
5%
47%
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: 13,453 CAD

  • 4.9%Interest Rate x 48 months
  • 309 CAD/month + tax
  • Total Payable: 14,841 CAD
  • Total Interest: 1,389 CAD
  • 8.9%Interest Rate x 48 months
  • 334 CAD/month + tax
  • Total Payable: 16,038 CAD
  • Total Interest: 2,586 CAD
  • 14.9%Interest Rate x 48 months
  • 374 CAD/month + tax
  • Total Payable: 17,938 CAD
  • Total Interest: 4,486 CAD

At the end of the Lease Contract

Residual Value: 6,940 CAD (in 22 months)

  • 4.9%Interest Rate x 48 months
  • 160 CAD/month + tax
  • Total Payable: 7,657 CAD
  • Total Interest: 716 CAD
  • 8.9%Interest Rate x 48 months
  • 172 CAD/month + tax
  • Total Payable: 8,274 CAD
  • Total Interest: 1,334 CAD
  • 14.9%Interest Rate x 48 months
  • 193 CAD/month + tax
  • Total Payable: 9,254 CAD
  • Total Interest: 2,314 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)
6.82
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,500CAD incentive)
  • 8.39CAD/100km (TODAY without the Cash Incentive)
  • 21.85CAD/100km (Original Contract back in Mar, 2018)
Time Analysis
Cost per day: (CAD)
9.73
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,500CAD incentive)
  • 11.97CAD/day (Original Contract back in Mar, 2018)
Remaining Km
Can be driven up to:
1,002.27
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Mar, 2018)

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