Payment Analysis

650.48CAD/monthin Vaughan, ON
    Before Taxes:
  • 650.48 CAD/month
  • 300.22 CAD/bi-weekly
  • 150.11 CAD/week
  • 7,805.76 CAD/year
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: 4,356 ~ 4,756 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Golf R Manual
  • for 36 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 721
This Contract (CAD/month) 650
Monthly Difference 71 CAD/month
Remaining Term x 36 months
Total Monthly Difference = 2,556 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 4,356 ~ 4,756
** "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: 44,225 CAD
  • Total Vehicle Debt: 53,031 CAD
  • Paid so Far: 7,806 CAD (14% Paid)
  • Remaining Lease Payments: 23,417 CAD
  • Residual Value: 21,808 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 7,806 CAD Total Vehicle Value: 53,031 CAD
14% Paid
86%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 23,417 CAD
Term Paid so Far: 7,806 CAD Residual Value: 21,808 CAD
0%
14%
44%
42%
Cost to Own
Already Paid: 7,806 CAD (14%)
Cash Incentive: 1,000 CAD Buyout Price Today: 44,225 CAD
14% Paid
1%
85%
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: 44,225 CAD

  • 4.9%Interest Rate x 48 months
  • 1,016 CAD/month + tax
  • Total Payable: 48,790 CAD
  • Total Interest: 4,565 CAD
  • 8.9%Interest Rate x 48 months
  • 1,098 CAD/month + tax
  • Total Payable: 52,725 CAD
  • Total Interest: 8,500 CAD
  • 14.9%Interest Rate x 48 months
  • 1,229 CAD/month + tax
  • Total Payable: 58,971 CAD
  • Total Interest: 14,746 CAD

At the end of the Lease Contract

Residual Value: 21,808 CAD (in 36 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)
27.37
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 28.59CAD/100km (TODAY without the Cash Incentive)
  • 31.22CAD/100km (Original Contract back in Nov, 2017)
Time Analysis
Cost per day: (CAD)
20.47
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 21.39CAD/day (Original Contract back in Nov, 2017)
Remaining Km
Can be driven up to:
525.12
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 480.77km/week (Contract Original back in Nov, 2017)

Similar Listings in Toronto

+ 1,000 cash
CAD/month x 38 months
2023 Hyundai KONA ESSENTIAL (ID: #53283)
440
Brampton, ON
2023 Hyundai

KONA ESSENTIAL Automatique AWD

  • Warranty Complete Term
  • Wear & Tear Coverage
Payment Details
  • Current Payment: 440 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 413 CAD/month + tax
  • Original Downpayment: 500 CAD
  • Months to End: 38 months (Jan, 2028)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 5,000 km total
  • Available Now: 23,684 km/year (1,974 per month)
Deal Special Perks
  • Hot Lease Takeover Deal
  • All Main Coverages
  • High End Vehicle & Options
  • Lots of FREE Available Km
  • Good Buyout Opportunity
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
See all Details
+ 3,000 cash
SAVE ~5,100 CAD
CAD/month x 28 months
2023 Volkswagen GTI (ID: #52530)
652
Toronto, ON
2023 Volkswagen

GTI Automatique 2WD Autobahn

  • Warranty Complete Term
Payment Details
  • Current Payment: 652 CAD/month + tax
  • Cash Incentive: 3,000 CAD
  • Payment After Incentive: 545 CAD/month + tax
  • Residual Value: 21,631 CAD
  • Months to End: 28 months (Apr, 2027)
Vehicle Status
  • Contract Allowance: 12,000 km/year
  • Current Odometer: 8,800 km total
  • Available Now: 16,800 km/year (1,400 per month)
  • Excess Km Cost: 0.15 CAD/km
Deal Special Perks
  • Hot Lease Takeover Deal
  • High End Vehicle & Options
  • Lots of FREE Available Km
  • Good Buyout Opportunity
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
See all Details
+ 5,000 cash
CAD/month x 30 months
2022 Lexus IS300 Luxury (ID: #50423)
606
Windsor, ON
2022 Lexus

IS300 Luxury Automatique AWD

Payment Details
  • Current Payment: 606 CAD/month + tax
  • Required Payment: 5,000 CAD
  • Payment Including Incentive: 773 CAD/month + tax
  • Residual Value: 20,517 CAD
  • Months to End: 30 months (Jun, 2027)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 22,951 km total
  • Available Now: 30,153 km/year (2,513 per month)
  • Excess Km Cost: 0.20 CAD/km
See all Details
+ 2,000 cash
CAD/month x 34 months
2023 Genesis G70 - 3.3T Sport (ID: #55850)
793
Scarborough
2023 Genesis

G70 - 3.3T Sport Automatique AWD

  • Warranty Complete Term
  • Winter Tires Included
Payment Details
  • Current Payment: 793 CAD/month + tax
  • Cash Incentive: 2,000 CAD
  • Payment After Incentive: 734 CAD/month + tax
  • Original Downpayment: 2,000 CAD
  • Residual Value: 29,939 CAD
  • Months to End: 34 months (Oct, 2027)
Vehicle Status
  • Contract Allowance: 24,000 km/year
  • Current Odometer: 27,000 km total
  • Available Now: 24,353 km/year (2,029 per month)
  • Excess Km Cost: 0.25 CAD/km
See all Details
+ 950 cash
CAD/month x 27 months
2023 Mazda Mazda3 Sport GT (ID: #46600)
598
Mississauga, ON
2023 Mazda

Mazda3 Sport GT Automatique AWD

  • Wear & Tear Coverage
Payment Details
  • Current Payment: 598 CAD/month + tax
  • Cash Incentive: 950 CAD
  • Payment After Incentive: 563 CAD/month + tax
  • Original Downpayment: 3,211 CAD
  • Residual Value: 19,315 CAD
  • Months to End: 27 months (Feb, 2027)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 4,600 km total
  • Available Now: 26,400 km/year (2,200 per month)
  • Excess Km Cost: 0.08 CAD/km
See all Details
CAD/month x 1 months
2021 Mazda Mazda3 GT Auto FWD (ID: #45347)
352
Toronto, ON
2021 Mazda

Mazda3 GT Auto FWD Automatique 2WD w/ Warranty Complete Term + Wear & Tear Coverage

  • Warranty Complete Term
  • Wear & Tear Coverage
Payment Details
  • Current Payment: 352 CAD/month + tax
  • Months to End: 1 months (Jan, 2025)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 52,000 km total
  • Available Now: 336,000 km/year (28,000 per month)
  • Please note that this contract ends in less than a year.
See all Details