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: 2,502 ~ 2,902 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 46 months
Total Monthly Difference = 1,702 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,502 ~ 2,902

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 38,834 CAD
  • Total Vehicle Debt: 43,570 CAD
  • Paid so Far: 4,736 CAD (10% Paid)
  • Remaining Lease Payments: 19,504 CAD
  • Residual Value: 19,330 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 4,736 CAD Total Vehicle Value: 43,570 CAD
10% Paid
90%
Vehicle Debt Breakdown
Downpayment: 3,888 CAD Remaining Term: 19,504 CAD
Term Paid so Far: 848 CAD Residual Value: 19,330 CAD
8%
2%
45%
45%
Cost to Own
Already Paid: 4,736 CAD (10%)
Cash Incentive: 0 CAD Buyout Price Today: 38,834 CAD
10% Paid
0%
90%
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: 38,834 CAD

  • 4.9%Interest Rate x 48 months
  • 893 CAD/month + tax
  • Total Payable: 42,843 CAD
  • Total Interest: 4,009 CAD
  • 8.9%Interest Rate x 48 months
  • 965 CAD/month + tax
  • Total Payable: 46,298 CAD
  • Total Interest: 7,464 CAD
  • 14.9%Interest Rate x 48 months
  • 1,079 CAD/month + tax
  • Total Payable: 51,783 CAD
  • Total Interest: 12,949 CAD

At the end of the Lease Contract

Residual Value: 19,330 CAD (in 46 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)
27.47
  • + tax
  • + fuel
  • + insurance
(or 0.27CAD per km)
Time Analysis
Cost per day: (CAD)
13.94
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
356.19
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD

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