Volvo Lease Takeover in Toronto, ON: 2020 Volvo XC40 R-Design AWD Automatique AWD ID:#24504 • LeaseCosts Canada

Payment Analysis

693.80CAD/monthin Toronto, ON

Before Taxes:

693.80 CAD/month
320.22 CAD/bi-weekly
160.11 CAD/week
8,325.60 CAD/year

Incl. Ontario Taxes (13%):

783.99 CAD/month
361.84 CAD/bi-weekly
180.92 CAD/week
9,407.93 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: 7,824 ~ 9,124 CAD

compared to leasing a BRAND NEW:

Volvo XC40 R-Design T5 AWD w/ Climate Package ($1,000)
for 24 months
in Ontario
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,082
This Contract (CAD/month)	694
Monthly Difference	389 CAD/month
Remaining Term	x 16 months
Total Monthly Difference	= 6,224 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 7,824 ~ 9,124

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 36,681 CAD

Total Vehicle Debt: 57,220 CAD
Paid so Far: 20,539 CAD (35% Paid)
Remaining Lease Payments: 11,101 CAD
Residual Value: 25,580 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 20,539 CAD Total Vehicle Value: 57,220 CAD

35% Paid

65%

Vehicle Debt Breakdown

Downpayment: 2,500 CAD Remaining Term: 11,101 CAD

Term Paid so Far: 18,039 CAD Residual Value: 25,580 CAD

31%

19%

46%

Cost to Own

Already Paid: 20,539 CAD (35%)

Cash Incentive: 0 CAD Buyout Price Today: 36,681 CAD

35% Paid

65%

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: 36,681 CAD

4.9%Interest Rate x 48 months
843 CAD/month + tax
Total Payable: 40,467 CAD
Total Interest: 3,787 CAD

8.9%Interest Rate x 48 months
911 CAD/month + tax
Total Payable: 43,731 CAD
Total Interest: 7,050 CAD

14.9%Interest Rate x 48 months
1,019 CAD/month + tax
Total Payable: 48,912 CAD
Total Interest: 12,231 CAD

At the end of the Lease Contract

Residual Value: 25,580 CAD (in 16 months)

4.9%Interest Rate x 48 months
588 CAD/month + tax
Total Payable: 28,221 CAD
Total Interest: 2,641 CAD

8.9%Interest Rate x 48 months
635 CAD/month + tax
Total Payable: 30,497 CAD
Total Interest: 4,917 CAD

14.9%Interest Rate x 48 months
711 CAD/month + tax
Total Payable: 34,109 CAD
Total Interest: 8,529 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)