GMC Lease Takeover in Edmonton, AB : 2019 GMC Terrain SLE Automatique AWD ID:#9486 • LeaseCosts Canada

Payment Analysis

443.54CAD/monthin Edmonton, AB

Before Taxes:

443.54 CAD/month
204.71 CAD/bi-weekly
102.36 CAD/week
5,322.48 CAD/year

Incl. Alberta Taxes (5%):

465.72 CAD/month
214.95 CAD/bi-weekly
107.47 CAD/week
5,588.60 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: 3,830 ~ 4,730 CAD

compared to leasing a BRAND NEW:

GMC TERRAIN AWD SLE w/ BLACK EDITION Package ($995)
for 36 months
in Alberta
$0 down payment
24,000 km/year (please, note this contract has now more than 26,000)

Savings Breakdown:
Leasing New (CAD/month)	553
This Contract (CAD/month)	444
Monthly Difference	110 CAD/month
Remaining Term	x 23 months
Total Monthly Difference	= 2,530 CAD
+ Cash Incentive** (CAD)	+ 500
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 3,830 ~ 4,730
	** "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: 26,714 CAD

Total Vehicle Debt: 39,700 CAD
Paid so Far: 12,487 CAD (31% Paid)
Remaining Lease Payments: 10,201 CAD
Residual Value: 17,012 CAD
Cash Incentive: 500 CAD

Vehicle Debt & Value

Paid so far: 12,487 CAD Total Vehicle Value: 39,700 CAD

31% Paid

69%

Vehicle Debt Breakdown

Downpayment: 1,398 CAD Remaining Term: 10,201 CAD

Term Paid so Far: 11,089 CAD Residual Value: 17,012 CAD

28%

25%

44%

Cost to Own

Already Paid: 12,487 CAD (31%)

Cash Incentive: 500 CAD Buyout Price Today: 26,714 CAD

31% Paid

68%

Additional Financing Details

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: 26,714 CAD

4.9%Interest Rate x 48 months
614 CAD/month + tax
Total Payable: 29,471 CAD
Total Interest: 2,758 CAD

8.9%Interest Rate x 48 months
663 CAD/month + tax
Total Payable: 31,848 CAD
Total Interest: 5,134 CAD

14.9%Interest Rate x 48 months
742 CAD/month + tax
Total Payable: 35,621 CAD
Total Interest: 8,907 CAD

At the end of the Lease Contract

Residual Value: 17,012 CAD (in 23 months)

4.9%Interest Rate x 48 months
391 CAD/month + tax
Total Payable: 18,768 CAD
Total Interest: 1,756 CAD

8.9%Interest Rate x 48 months
423 CAD/month + tax
Total Payable: 20,282 CAD
Total Interest: 3,270 CAD

14.9%Interest Rate x 48 months
473 CAD/month + tax
Total Payable: 22,685 CAD
Total Interest: 5,673 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)