Volvo Lease Takeover in Sherwood Park, AB: 2021 Volvo XC60 T6 Momentum Automatique AWD ID:#30571 • LeaseCosts Canada

Payment Analysis

333.49CAD/monthin Sherwood Park, AB

Before Taxes:

333.49 CAD/month
153.92 CAD/bi-weekly
76.96 CAD/week
4,001.88 CAD/year

Incl. Alberta Taxes (5%):

350.16 CAD/month
161.61 CAD/bi-weekly
80.81 CAD/week
4,201.97 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: 5,922 CAD

compared to leasing a BRAND NEW:

Volvo XC60 Momentum AWD
for 24 months
in AB
$0 down payment
16,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,179
This Contract (CAD/month)	333
Monthly Difference	846 CAD/month
Remaining Term	x 7 months
Total Monthly Difference	= 5,922 CAD
Total Savings (CAD)	= 5,922

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 42,665 CAD

Total Vehicle Debt: 52,337 CAD
Paid so Far: 9,671 CAD (18% Paid)
Remaining Lease Payments: 2,334 CAD
Residual Value: 40,331 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 9,671 CAD Total Vehicle Value: 52,337 CAD

18% Paid

82%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 2,334 CAD

Term Paid so Far: 9,671 CAD Residual Value: 40,331 CAD

18%

78%

Cost to Own

Already Paid: 9,671 CAD (18%)

Cash Incentive: 0 CAD Buyout Price Today: 42,665 CAD

18% Paid

82%

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: 42,665 CAD

4.9%Interest Rate x 48 months
981 CAD/month + tax
Total Payable: 47,070 CAD
Total Interest: 4,404 CAD

8.9%Interest Rate x 48 months
1,060 CAD/month + tax
Total Payable: 50,866 CAD
Total Interest: 8,200 CAD

14.9%Interest Rate x 48 months
1,185 CAD/month + tax
Total Payable: 56,892 CAD
Total Interest: 14,227 CAD

At the end of the Lease Contract

Residual Value: 40,331 CAD (in 7 months)

4.9%Interest Rate x 48 months
927 CAD/month + tax
Total Payable: 44,494 CAD
Total Interest: 4,163 CAD

8.9%Interest Rate x 48 months
1,002 CAD/month + tax
Total Payable: 48,083 CAD
Total Interest: 7,752 CAD

14.9%Interest Rate x 48 months
1,120 CAD/month + tax
Total Payable: 53,779 CAD
Total Interest: 13,448 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)