Payment Analysis
364.20CAD/monthin Montreal, QC
- 364.20 CAD/month
- 168.09 CAD/bi-weekly
- 84.05 CAD/week
- 4,370.40 CAD/year
Before Taxes:
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:
8,878 ~ 9,278 CAD
compared to leasing a BRAND NEW:
- Chevrolet Cruze Hatchback LT
- for 36 months
- in Quebec
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 650 |
|---|---|
| This Contract (CAD/month) | 364 |
| Monthly Difference | 286 CAD/month |
| Remaining Term | x 23 months |
| Total Monthly Difference | = 6,578 CAD |
| + Cash Incentive** (CAD) | + 1,500 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 8,878 ~ 9,278 |
| ** "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:
13,817 CAD
- Total Vehicle Debt: 28,792 CAD
- Paid so Far: 13,475 CAD (46% Paid)
- Remaining Lease Payments: 8,377 CAD
- Residual Value: 6,940 CAD
- Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 13,475 CAD Total Vehicle Value: 28,792 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,377 CAD
Term Paid so Far: 13,475 CAD Residual Value: 6,940 CAD
Cost to Own
Already Paid: 13,475 CAD (46%)
Cash Incentive: 1,500 CAD Buyout Price Today: 13,817 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: 13,817 CAD
- 4.9%Interest Rate x 48 months
- 318 CAD/month + tax
- Total Payable: 15,243 CAD
- Total Interest: 1,426 CAD
- 8.9%Interest Rate x 48 months
- 343 CAD/month + tax
- Total Payable: 16,472 CAD
- Total Interest: 2,656 CAD
- 14.9%Interest Rate x 48 months
- 384 CAD/month + tax
- Total Payable: 18,424 CAD
- Total Interest: 4,607 CAD
At the end of the Lease Contract
Residual Value: 6,940 CAD (in 23 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)
7.20
- + tax
- + fuel
- + insurance
- 8.77CAD/100km (TODAY without the Cash Incentive)
- 21.85CAD/100km (Original Contract back in Mar, 2018)
Time Analysis
Cost per day: (CAD)
9.83
- + tax
- + insurance
- + km driven & fuel
- 11.97CAD/day (Original Contract back in Mar, 2018)
Remaining Km
Can be driven up to:
958.70
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Mar, 2018)
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