Payment Analysis

231.00CAD/monthin Orangeville, ON
    Before Taxes:
  • 231.00 CAD/month
  • 106.62 CAD/bi-weekly
  • 53.31 CAD/week
  • 2,772.00 CAD/year
Incl. Ontario Taxes (13%):
  • 261.03 CAD/month
  • 120.48 CAD/bi-weekly
  • 60.24 CAD/week
  • 3,132.36 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: 2,498 ~ 3,398 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Comfortline Automatic AW
  • for 42 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 514
This Contract (CAD/month) 231
Monthly Difference 283 CAD/month
Remaining Term x 6 months
Total Monthly Difference = 1,698 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,498 ~ 3,398

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,735 CAD
  • Total Vehicle Debt: 27,437 CAD
  • Paid so Far: 9,702 CAD (35% Paid)
  • Remaining Lease Payments: 1,386 CAD
  • Residual Value: 16,349 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 9,702 CAD Total Vehicle Value: 27,437 CAD
35% Paid
65%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,386 CAD
Term Paid so Far: 9,702 CAD Residual Value: 16,349 CAD
0%
35%
5%
60%
Cost to Own
Already Paid: 9,702 CAD (35%)
Cash Incentive: 0 CAD Buyout Price Today: 17,735 CAD
35% Paid
0%
65%
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: 17,735 CAD

  • 4.9%Interest Rate x 48 months
  • 408 CAD/month + tax
  • Total Payable: 19,565 CAD
  • Total Interest: 1,831 CAD
  • 8.9%Interest Rate x 48 months
  • 440 CAD/month + tax
  • Total Payable: 21,143 CAD
  • Total Interest: 3,409 CAD
  • 14.9%Interest Rate x 48 months
  • 493 CAD/month + tax
  • Total Payable: 23,648 CAD
  • Total Interest: 5,913 CAD

At the end of the Lease Contract

Residual Value: 16,349 CAD (in 6 months)

  • 4.9%Interest Rate x 48 months
  • 376 CAD/month + tax
  • Total Payable: 18,036 CAD
  • Total Interest: 1,688 CAD
  • 8.9%Interest Rate x 48 months
  • 406 CAD/month + tax
  • Total Payable: 19,491 CAD
  • Total Interest: 3,142 CAD
  • 14.9%Interest Rate x 48 months
  • 454 CAD/month + tax
  • Total Payable: 21,800 CAD
  • Total Interest: 5,451 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)
1.54
  • + tax
  • + fuel
  • + insurance
(or 0.02CAD per km)
  • 11.09CAD/100km (Original Contract back in May, 2020)
Time Analysis
Cost per day: (CAD)
7.59
  • + tax
  • + insurance
  • + km driven & fuel
(0.55CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
3,458.35
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 480.77km/week (Contract Original back in May, 2020)

Seller Contact Info

This Contract was Already Transferred.

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