Payment Analysis

537.84CAD/monthin Chatham-Kent, ON
    Before Taxes:
  • 537.84 CAD/month
  • 248.23 CAD/bi-weekly
  • 124.12 CAD/week
  • 6,454.08 CAD/year
Incl. Ontario Taxes (13%):
  • 607.76 CAD/month
  • 280.50 CAD/bi-weekly
  • 140.25 CAD/week
  • 7,293.11 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: 1,456 ~ 2,356 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Atlas Cross Sport comfortline v6 Automatic AWD
  • for 42 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 615
This Contract (CAD/month) 538
Monthly Difference 78 CAD/month
Remaining Term x 2 months
Total Monthly Difference = 156 CAD
+ Cash Incentive** (CAD) + 500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,456 ~ 2,356
** "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: 24,337 CAD
  • Total Vehicle Debt: 49,578 CAD
  • Paid so Far: 24,741 CAD (49% Paid)
  • Remaining Lease Payments: 1,076 CAD
  • Residual Value: 23,761 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 24,741 CAD Total Vehicle Value: 49,578 CAD
49% Paid
51%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,076 CAD
Term Paid so Far: 24,741 CAD Residual Value: 23,761 CAD
0%
49%
2%
49%
Cost to Own
Already Paid: 24,741 CAD (49%)
Cash Incentive: 500 CAD Buyout Price Today: 24,337 CAD
49% Paid
1%
50%
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: 24,337 CAD

  • 4.9%Interest Rate x 48 months
  • 559 CAD/month + tax
  • Total Payable: 26,849 CAD
  • Total Interest: 2,512 CAD
  • 8.9%Interest Rate x 48 months
  • 604 CAD/month + tax
  • Total Payable: 29,015 CAD
  • Total Interest: 4,678 CAD
  • 14.9%Interest Rate x 48 months
  • 676 CAD/month + tax
  • Total Payable: 32,452 CAD
  • Total Interest: 8,115 CAD

At the end of the Lease Contract

Residual Value: 23,761 CAD (in 2 months)

  • 4.9%Interest Rate x 48 months
  • 546 CAD/month + tax
  • Total Payable: 26,214 CAD
  • Total Interest: 2,453 CAD
  • 8.9%Interest Rate x 48 months
  • 590 CAD/month + tax
  • Total Payable: 28,328 CAD
  • Total Interest: 4,567 CAD
  • 14.9%Interest Rate x 48 months
  • 660 CAD/month + tax
  • Total Payable: 31,684 CAD
  • Total Interest: 7,923 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)
0.75
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 1.40CAD/100km (TODAY without the Cash Incentive)
  • 32.27CAD/100km (Original Contract back in Mar, 2021)
Time Analysis
Cost per day: (CAD)
9.46
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 17.68CAD/day (Original Contract back in Mar, 2021)
Remaining Km
Can be driven up to:
8,881.73
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Mar, 2021)

Seller Contact Info

This Contract was Already Transferred.

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