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Your estimated vehicle purchase price or the Ron MacGillivray Chevrolet selling
price. For a more accurate payment estimate include applicable federal
and provincial taxes, freight charges, licensing costs, accessories, extended
warranty/service contracts, life/accident/health insurance policies, etc.
The amount of cash you intend to use as a down payment.
The value you estimate Ron MacGillivray Chevrolet will place on the vehicle you
wish to trade, after subtracting any balance you owe on the vehicle.
The amount to finance after subtracting down payment and net trade-in
amounts from the original purchase price.
The number of months over which you wish to finance your vehicle. Ron MacGillivray Chevrolet may have a broader selection of term options.
The interest rate used in the calculation of the monthly payment.
Commonly referred to as the "Capital Cost", this is your estimated
lease price or Ron MacGillivray Chevrolet's best lease price plus any other
items included in the lease such as accessories, freight, licensing, extended
warranty/service contracts, life/accident/ health insurance policies,
etc. Unlike traditional retail financing, do not include taxes in the
Leased Vehicle Amount as federal and provincial taxes are calculated on
the base monthly payment amount.
This is simply a cash down payment to reduce the Leased Vehicle Amount
or "Capital Cost" of the vehicle. It is applied to the lease
at the time of lease signing. A lease cost reduction helps to reduce your
monthly payment.
This is simply the value you estimate Ron MacGillivray Chevrolet will place on
the vehicle you wish to trade in, after subtracting any balance you owe
on the vehicle. The leased vehicle amount or "Capital Cost"
will be reduced by this amount and it will be applied at the time of lease
signing. A lease cost reduction helps to reduce your monthly payment.
The remaining lease amount after subtracting lease cost reductions (cash
down payment, trade-in, etc.) from the leased vehicle amount.
The number of months over which you wish to lease your vehicle. Ron MacGillivray Chevrolet
may have a broader selection of term options.
The interest rate used in the calculation of the estimated monthly payment
assuming the lease runs to the scheduled lease end.
Also known as the residual value or buyout value, this is the amount you
can pay to purchase the vehicle at the end of the lease, if you decide
to exercise your option to purchase. Guaranteed option to purchase price
is fixed at lease inception and varies by vehicle, model, usage and length
of lease. Taxes, costs and expenses incurred if you exercise your option
to purchase, are extra. Contact Ron MacGillivray Chevrolet for further Guaranteed
Option to Purchase Price information.
This is simply the Net Lease Amount less the Guaranteed Option to Purchase
Price amount. The calculation of the estimated monthly payments is based
on this amount.
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