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: 20,142 ~ 21,442 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 58 months
Total Monthly Difference = 17,342 CAD
+ Cash Incentive** (CAD) + 1,200
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 20,142 ~ 21,442
** "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: 55,879 CAD
  • Total Vehicle Debt: 54,548 CAD
  • Paid so Far: -2,531 CAD (-5% Paid)
  • Remaining Lease Payments: 32,079 CAD
  • Residual Value: 25,000 CAD
  • Cash Incentive: 1,200 CAD
Vehicle Debt & Value
Paid so far: -2,531 CAD Total Vehicle Value: 54,548 CAD
-5% Paid
105%
Vehicle Debt Breakdown
Downpayment: 3,000 CAD Remaining Term: 32,079 CAD
Term Paid so Far: -5,531 CAD Residual Value: 25,000 CAD
5%
-10%
59%
46%
Cost to Own
Already Paid: -2,531 CAD (-5%)
Cash Incentive: 1,200 CAD Buyout Price Today: 55,879 CAD
-5% Paid
2%
103%
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: 55,879 CAD

  • 4.9%Interest Rate x 48 months
  • 1,284 CAD/month + tax
  • Total Payable: 61,648 CAD
  • Total Interest: 5,769 CAD
  • 8.9%Interest Rate x 48 months
  • 1,388 CAD/month + tax
  • Total Payable: 66,619 CAD
  • Total Interest: 10,740 CAD
  • 14.9%Interest Rate x 48 months
  • 1,552 CAD/month + tax
  • Total Payable: 74,512 CAD
  • Total Interest: 18,633 CAD

At the end of the Lease Contract

Residual Value: 25,000 CAD (in 58 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)
57.18
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,200CAD incentive)
Time Analysis
Cost per day: (CAD)
17.50
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,200CAD incentive)
Remaining Km
Can be driven up to:
214.85
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD

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