Payment Analysis

507.00CAD/monthin Vaughan, ON
    Before Taxes:
  • 507.00 CAD/month
  • 234.00 CAD/bi-weekly
  • 117.00 CAD/week
  • 6,084.00 CAD/year
Incl. Ontario Taxes (13%):
  • 572.91 CAD/month
  • 264.42 CAD/bi-weekly
  • 132.21 CAD/week
  • 6,874.92 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: 23,628 ~ 24,528 CAD

compared to leasing a BRAND NEW:

  • Audi A3 quattro Progressiv
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 946
This Contract (CAD/month) 507
Monthly Difference 439 CAD/month
Remaining Term x 52 months
Total Monthly Difference = 22,828 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 23,628 ~ 24,528

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 45,364 CAD
  • Total Vehicle Debt: 47,336 CAD
  • Paid so Far: 1,972 CAD (4% Paid)
  • Remaining Lease Payments: 26,364 CAD
  • Residual Value: 19,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 1,972 CAD Total Vehicle Value: 47,336 CAD
4% Paid
96%
Vehicle Debt Breakdown
Downpayment: 4,000 CAD Remaining Term: 26,364 CAD
Term Paid so Far: -2,028 CAD Residual Value: 19,000 CAD
8%
-4%
55%
41%
Cost to Own
Already Paid: 1,972 CAD (4%)
Cash Incentive: 0 CAD Buyout Price Today: 45,364 CAD
4% Paid
0%
96%
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: 45,364 CAD

  • 4.9%Interest Rate x 48 months
  • 1,043 CAD/month + tax
  • Total Payable: 50,047 CAD
  • Total Interest: 4,683 CAD
  • 8.9%Interest Rate x 48 months
  • 1,127 CAD/month + tax
  • Total Payable: 54,083 CAD
  • Total Interest: 8,719 CAD
  • 14.9%Interest Rate x 48 months
  • 1,260 CAD/month + tax
  • Total Payable: 60,490 CAD
  • Total Interest: 15,126 CAD

At the end of the Lease Contract

Residual Value: 19,000 CAD (in 52 months)

  • 4.9%Interest Rate x 48 months
  • 437 CAD/month + tax
  • Total Payable: 20,961 CAD
  • Total Interest: 1,961 CAD
  • 8.9%Interest Rate x 48 months
  • 472 CAD/month + tax
  • Total Payable: 22,652 CAD
  • Total Interest: 3,652 CAD
  • 14.9%Interest Rate x 48 months
  • 528 CAD/month + tax
  • Total Payable: 25,335 CAD
  • Total Interest: 6,335 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)
63.53
  • + tax
  • + fuel
  • + insurance
(or 0.64CAD per km)
Time Analysis
Cost per day: (CAD)
16.67
  • + tax
  • + insurance
  • + km driven & fuel
(0.06CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
184.17
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD

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