Payment Analysis

553.09CAD/monthin North York, ON
    Before Taxes:
  • 553.09 CAD/month
  • 255.27 CAD/bi-weekly
  • 127.64 CAD/week
  • 6,637.08 CAD/year
Incl. Ontario Taxes (13%):
  • 624.99 CAD/month
  • 288.46 CAD/bi-weekly
  • 144.23 CAD/week
  • 7,499.90 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: 15,358 ~ 16,658 CAD

compared to leasing a BRAND NEW:

  • Audi A4 2.0 TFSI quattro Progressiv
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 852
This Contract (CAD/month) 553
Monthly Difference 299 CAD/month
Remaining Term x 42 months
Total Monthly Difference = 12,558 CAD
+ Cash Incentive** (CAD) + 1,200
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 15,358 ~ 16,658
** "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: 47,030 CAD
  • Total Vehicle Debt: 54,548 CAD
  • Paid so Far: 6,319 CAD (11% Paid)
  • Remaining Lease Payments: 23,230 CAD
  • Residual Value: 25,000 CAD
  • Cash Incentive: 1,200 CAD
Vehicle Debt & Value
Paid so far: 6,319 CAD Total Vehicle Value: 54,548 CAD
11% Paid
89%
Vehicle Debt Breakdown
Downpayment: 3,000 CAD Remaining Term: 23,230 CAD
Term Paid so Far: 3,319 CAD Residual Value: 25,000 CAD
5%
6%
42%
47%
Cost to Own
Already Paid: 6,319 CAD (11%)
Cash Incentive: 1,200 CAD Buyout Price Today: 47,030 CAD
11% Paid
2%
87%
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: 47,030 CAD

  • 4.9%Interest Rate x 48 months
  • 1,081 CAD/month + tax
  • Total Payable: 51,885 CAD
  • Total Interest: 4,855 CAD
  • 8.9%Interest Rate x 48 months
  • 1,168 CAD/month + tax
  • Total Payable: 56,069 CAD
  • Total Interest: 9,039 CAD
  • 14.9%Interest Rate x 48 months
  • 1,306 CAD/month + tax
  • Total Payable: 62,712 CAD
  • Total Interest: 15,682 CAD

At the end of the Lease Contract

Residual Value: 25,000 CAD (in 42 months)

  • 4.9%Interest Rate x 48 months
  • 575 CAD/month + tax
  • Total Payable: 27,581 CAD
  • Total Interest: 2,581 CAD
  • 8.9%Interest Rate x 48 months
  • 621 CAD/month + tax
  • Total Payable: 29,805 CAD
  • Total Interest: 4,805 CAD
  • 14.9%Interest Rate x 48 months
  • 695 CAD/month + tax
  • Total Payable: 33,336 CAD
  • Total Interest: 8,336 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)
40.80
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,200CAD incentive)
Time Analysis
Cost per day: (CAD)
17.24
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,200CAD incentive)
Remaining Km
Can be driven up to:
296.70
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD

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