Tesla Lease Takeover in Montreal, QC: 2021 Tesla Model 3 SR+ Automatique 2WD ID:#15759 • LeaseCosts Canada

Payment Analysis

706.00CAD/monthin Montreal, QC

Before Taxes:

706.00 CAD/month
325.85 CAD/bi-weekly
162.92 CAD/week
8,472.00 CAD/year

Incl. Québec Taxes (14.98%):

811.76 CAD/month
374.66 CAD/bi-weekly
187.33 CAD/week
9,741.11 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: 13,315 CAD

compared to leasing a BRAND NEW:

Tesla Model 3 Standard Plus Rear-Wheel Drive (financed) with the $5,000 incentive applied + the $8,000 Quebec EV Rebate applied.
for 48 months
in Québec
$2,500 required down payment
40,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	741
This Contract (CAD/month)	706
Monthly Difference	35 CAD/month
Remaining Term	x 9 months
Total Monthly Difference	= 315 CAD
+ Cash Incentive** (CAD)	+ 13,000
Total Savings (CAD)	= 13,315
	** "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: 13,330 CAD

Total Vehicle Debt: 54,664 CAD
Paid so Far: 28,334 CAD (51% Paid)
Remaining Lease Payments: 6,354 CAD
Residual Value: 19,976 CAD
Cash Incentive: 13,000 CAD

Vehicle Debt & Value

Paid so far: 28,334 CAD Total Vehicle Value: 54,664 CAD

51% Paid

49%

Vehicle Debt Breakdown

Downpayment: 800 CAD Remaining Term: 6,354 CAD

Term Paid so Far: 27,534 CAD Residual Value: 19,976 CAD

50%

11%

38%

Cost to Own

Already Paid: 28,334 CAD (51%)

Cash Incentive: 13,000 CAD Buyout Price Today: 13,330 CAD

51% Paid

24%

25%

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: 13,330 CAD

4.9%Interest Rate x 48 months
306 CAD/month + tax
Total Payable: 14,707 CAD
Total Interest: 1,376 CAD

8.9%Interest Rate x 48 months
331 CAD/month + tax
Total Payable: 15,893 CAD
Total Interest: 2,562 CAD

14.9%Interest Rate x 48 months
370 CAD/month + tax
Total Payable: 17,775 CAD
Total Interest: 4,445 CAD

At the end of the Lease Contract

Residual Value: 19,976 CAD (in 9 months)

4.9%Interest Rate x 48 months
459 CAD/month + tax
Total Payable: 22,039 CAD
Total Interest: 2,062 CAD

8.9%Interest Rate x 48 months
496 CAD/month + tax
Total Payable: 23,816 CAD
Total Interest: 3,840 CAD

14.9%Interest Rate x 48 months
555 CAD/month + tax
Total Payable: 26,637 CAD
Total Interest: 6,661 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)