Payment Analysis
650.48CAD/monthin Vaughan, ON
- 650.48 CAD/month
- 300.22 CAD/bi-weekly
- 150.11 CAD/week
- 7,805.76 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 735.04 CAD/month
- 339.25 CAD/bi-weekly
- 169.63 CAD/week
- 8,820.51 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:
4,285 ~ 4,685 CAD
compared to leasing a BRAND NEW:
- Volkswagen Golf R Manual
- for 36 months
- in Ontario
- $0 down payment
- 25,000 km/year
| Leasing New (CAD/month) | 721 |
|---|---|
| This Contract (CAD/month) | 650 |
| Monthly Difference | 71 CAD/month |
| Remaining Term | x 35 months |
| Total Monthly Difference | = 2,485 CAD |
| + Cash Incentive** (CAD) | + 1,000 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 4,285 ~ 4,685 |
| ** "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:
43,574 CAD
- Total Vehicle Debt: 53,031 CAD
- Paid so Far: 8,456 CAD (15% Paid)
- Remaining Lease Payments: 22,767 CAD
- Residual Value: 21,808 CAD
- Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 8,456 CAD Total Vehicle Value: 53,031 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 22,767 CAD
Term Paid so Far: 8,456 CAD Residual Value: 21,808 CAD
Cost to Own
Already Paid: 8,456 CAD (15%)
Cash Incentive: 1,000 CAD Buyout Price Today: 43,574 CAD
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: 43,574 CAD
- 4.9%Interest Rate x 48 months
- 1,002 CAD/month + tax
- Total Payable: 48,073 CAD
- Total Interest: 4,498 CAD
- 8.9%Interest Rate x 48 months
- 1,082 CAD/month + tax
- Total Payable: 51,949 CAD
- Total Interest: 8,375 CAD
- 14.9%Interest Rate x 48 months
- 1,210 CAD/month + tax
- Total Payable: 58,104 CAD
- Total Interest: 14,530 CAD
At the end of the Lease Contract
Residual Value: 21,808 CAD (in 35 months)
- 4.9%Interest Rate x 48 months
- 501 CAD/month + tax
- Total Payable: 24,059 CAD
- Total Interest: 2,251 CAD
- 8.9%Interest Rate x 48 months
- 542 CAD/month + tax
- Total Payable: 25,999 CAD
- Total Interest: 4,191 CAD
- 14.9%Interest Rate x 48 months
- 606 CAD/month + tax
- Total Payable: 29,079 CAD
- Total Interest: 7,272 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)
26.57
- + tax
- + fuel
- + insurance
- 27.79CAD/100km (TODAY without the Cash Incentive)
- 31.22CAD/100km (Original Contract back in Nov, 2017)
Time Analysis
Cost per day: (CAD)
20.45
- + tax
- + insurance
- + km driven & fuel
- 21.39CAD/day (Original Contract back in Nov, 2017)
Remaining Km
Can be driven up to:
540.13
- km/week
- without any
- additional costs
- 480.77km/week (Contract Original back in Nov, 2017)
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