Payment Analysis

444.19CAD/monthin Ingersoll, ON
    Before Taxes:
  • 444.19 CAD/month
  • 205.01 CAD/bi-weekly
  • 102.51 CAD/week
  • 5,330.28 CAD/year
Incl. Ontario Taxes (13%):
  • 501.93 CAD/month
  • 231.66 CAD/bi-weekly
  • 115.83 CAD/week
  • 6,023.22 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: 1,100 ~ 1,500 CAD

compared to leasing a BRAND NEW:

  • Volkswagen GOLF GTI Autobahn
  • for 42 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 504
This Contract (CAD/month) 444
Monthly Difference 60 CAD/month
Remaining Term x 5 months
Total Monthly Difference = 300 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 1,100 ~ 1,500

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 22,518 CAD
  • Total Vehicle Debt: 42,368 CAD
  • Paid so Far: 19,850 CAD (46% Paid)
  • Remaining Lease Payments: 2,221 CAD
  • Residual Value: 20,297 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,850 CAD Total Vehicle Value: 42,368 CAD
46% Paid
54%
Vehicle Debt Breakdown
Downpayment: 750 CAD Remaining Term: 2,221 CAD
Term Paid so Far: 19,100 CAD Residual Value: 20,297 CAD
1%
45%
5%
49%
Cost to Own
Already Paid: 19,850 CAD (46%)
Cash Incentive: 0 CAD Buyout Price Today: 22,518 CAD
46% Paid
0%
54%
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: 22,518 CAD

  • 4.9%Interest Rate x 48 months
  • 518 CAD/month + tax
  • Total Payable: 24,843 CAD
  • Total Interest: 2,325 CAD
  • 8.9%Interest Rate x 48 months
  • 559 CAD/month + tax
  • Total Payable: 26,846 CAD
  • Total Interest: 4,328 CAD
  • 14.9%Interest Rate x 48 months
  • 626 CAD/month + tax
  • Total Payable: 30,027 CAD
  • Total Interest: 7,509 CAD

At the end of the Lease Contract

Residual Value: 20,297 CAD (in 5 months)

  • 4.9%Interest Rate x 48 months
  • 467 CAD/month + tax
  • Total Payable: 22,393 CAD
  • Total Interest: 2,095 CAD
  • 8.9%Interest Rate x 48 months
  • 504 CAD/month + tax
  • Total Payable: 24,198 CAD
  • Total Interest: 3,901 CAD
  • 14.9%Interest Rate x 48 months
  • 564 CAD/month + tax
  • Total Payable: 27,065 CAD
  • Total Interest: 6,768 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)
2.78
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 26.65CAD/100km (Original Contract back in May, 2021)
Time Analysis
Cost per day: (CAD)
14.60
  • + tax
  • + insurance
  • + km driven & fuel
(0.66CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
3,685.62
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in May, 2021)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 760 CAD/month + tax
  • Cash Incentive: 3,000 CAD
  • Payment After Incentive: 689 CAD/month + tax
  • Original Downpayment: 1,350 CAD
  • Residual Value: 29,000 CAD
  • Months to End: 42 months (May, 2028)
Vehicle Status
  • Contract Allowance: 12,000 km/year
  • Current Odometer: 6,540 km total
  • Available Now: 11,846 km/year (987 per month)
See all Details