Payment Analysis

424.00CAD/monthin Georgetown, ON
    Before Taxes:
  • 424.00 CAD/month
  • 195.69 CAD/bi-weekly
  • 97.85 CAD/week
  • 5,088.00 CAD/year
Incl. Ontario Taxes (13%):
  • 479.12 CAD/month
  • 221.13 CAD/bi-weekly
  • 110.57 CAD/week
  • 5,749.44 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: 2,243 ~ 2,643 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Golf GTI Manual
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 461
This Contract (CAD/month) 424
Monthly Difference 37 CAD/month
Remaining Term x 39 months
Total Monthly Difference = 1,443 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,243 ~ 2,643

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 35,866 CAD
  • Total Vehicle Debt: 43,570 CAD
  • Paid so Far: 7,704 CAD (17% Paid)
  • Remaining Lease Payments: 16,536 CAD
  • Residual Value: 19,330 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,704 CAD Total Vehicle Value: 43,570 CAD
17% Paid
83%
Vehicle Debt Breakdown
Downpayment: 3,888 CAD Remaining Term: 16,536 CAD
Term Paid so Far: 3,816 CAD Residual Value: 19,330 CAD
8%
9%
38%
45%
Cost to Own
Already Paid: 7,704 CAD (17%)
Cash Incentive: 0 CAD Buyout Price Today: 35,866 CAD
17% Paid
0%
83%
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: 35,866 CAD

  • 4.9%Interest Rate x 48 months
  • 824 CAD/month + tax
  • Total Payable: 39,569 CAD
  • Total Interest: 3,703 CAD
  • 8.9%Interest Rate x 48 months
  • 891 CAD/month + tax
  • Total Payable: 42,760 CAD
  • Total Interest: 6,894 CAD
  • 14.9%Interest Rate x 48 months
  • 996 CAD/month + tax
  • Total Payable: 47,825 CAD
  • Total Interest: 11,959 CAD

At the end of the Lease Contract

Residual Value: 19,330 CAD (in 39 months)

  • 4.9%Interest Rate x 48 months
  • 444 CAD/month + tax
  • Total Payable: 21,325 CAD
  • Total Interest: 1,995 CAD
  • 8.9%Interest Rate x 48 months
  • 480 CAD/month + tax
  • Total Payable: 23,045 CAD
  • Total Interest: 3,715 CAD
  • 14.9%Interest Rate x 48 months
  • 537 CAD/month + tax
  • Total Payable: 25,775 CAD
  • Total Interest: 6,445 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)
23.29
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
  • 25.44CAD/100km (Original Contract back in Nov, 2017)
Time Analysis
Cost per day: (CAD)
13.94
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
420.12
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in Nov, 2017)

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