This Vehicle is Sold
Although this vehicle is sold, you can set up an email alert to get immediate notifications once a similar one gets listed in the marketplace:
Vehicle Photos
Transfer Details
pay 3,000 CAD
SAVE ~5,900 CAD
CAD/month x 11 months
Transferred/Sold
2020 Volvo S60 T6 (ID: #41006)
594
Milton, ON
2020 Volvo
S60 T6 Automatic AWD w/ Warranty Complete Term + Winter Tires
Payment Details
- Current Payment: 594 CAD/month + tax
- Required Payment: 3,000 CAD
- Payment Including Incentive: 867 CAD/month + tax
- Original Downpayment: 1,738 CAD
- Residual Value: 35,706 CAD
- Months to End: 11 months (Dec, 2023)
Vehicle Status
- Contract Allowance: 12,000 km/year
- Current Odometer: 22,305 km total
- Available Now: 21,485 km/year (1,790 per month)
- Please note that this contract ends in less than a year.
- Excess Km Cost: 0.16 CAD/km
Deal Special Perks
Payment Analysis
594.06CAD/monthin Milton, ON
- 594.06 CAD/month
- 274.18 CAD/bi-weekly
- 137.09 CAD/week
- 7,128.72 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 671.29 CAD/month
- 309.83 CAD/bi-weekly
- 154.91 CAD/week
- 8,055.45 CAD/year
Estimate Insurance Costs
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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:
5,665 ~ 6,065 CAD
compared to leasing a BRAND NEW:
- 2022 Volvo S60
- for 12 months
- in Ontario
- $0 down payment
- 12,000 km/year
| Leasing New (CAD/month) | 1,309 |
|---|---|
| This Contract (CAD/month) | 594 |
| Monthly Difference | 715 CAD/month |
| Remaining Term | x 11 months |
| Total Monthly Difference | = 7,865 CAD |
| - Required Payment** (CAD) | - 3,000 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 5,665 ~ 6,065 |
| ** The Required Payment from the vehicle owner. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
45,241 CAD
- Total Vehicle Debt: 62,395 CAD
- Paid so Far: 20,154 CAD (32% Paid)
- Remaining Lease Payments: 6,535 CAD
- Residual Value: 35,706 CAD
- Required Payment: 3,000 CAD
Vehicle Debt & Value
Paid so far: 20,154 CAD Total Vehicle Value: 62,395 CAD
Vehicle Debt Breakdown
Downpayment: 1,738 CAD Remaining Term: 6,535 CAD
Term Paid so Far: 18,416 CAD Residual Value: 35,706 CAD
Cost to Own
Already Paid: 20,154 CAD (32%)
Required Payment: 3,000 CAD (4%)Buyout Price Today: 45,241 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: 45,241 CAD
- 4.9%Interest Rate x 48 months
- 1,040 CAD/month + tax
- Total Payable: 49,911 CAD
- Total Interest: 4,670 CAD
- 8.9%Interest Rate x 48 months
- 1,124 CAD/month + tax
- Total Payable: 53,936 CAD
- Total Interest: 8,695 CAD
- 14.9%Interest Rate x 48 months
- 1,257 CAD/month + tax
- Total Payable: 60,326 CAD
- Total Interest: 15,085 CAD
At the end of the Lease Contract
Residual Value: 35,706 CAD (in 11 months)
- 4.9%Interest Rate x 48 months
- 821 CAD/month + tax
- Total Payable: 39,392 CAD
- Total Interest: 3,686 CAD
- 8.9%Interest Rate x 48 months
- 887 CAD/month + tax
- Total Payable: 42,569 CAD
- Total Interest: 6,863 CAD
- 14.9%Interest Rate x 48 months
- 992 CAD/month + tax
- Total Payable: 47,612 CAD
- Total Interest: 11,906 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)
48.41
- + tax
- + fuel
- + insurance
- 33.18CAD/100km (TODAY without the Cash Incentive)
- 59.41CAD/100km (Original Contract back in May, 2020)
Time Analysis
Cost per day: (CAD)
28.50
- + tax
- + insurance
- + km driven & fuel
- 19.53CAD/day (Original Contract back in May, 2020)
Remaining Km
Can be driven up to:
413.18
- km/week
- without any
- additional costs
- 230.77km/week (Contract Original back in May, 2020)
Seller Contact Info
This Contract was Already Transferred.
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