Payment Analysis

594.06CAD/monthin Milton, ON
    Before Taxes:
  • 594.06 CAD/month
  • 274.18 CAD/bi-weekly
  • 137.09 CAD/week
  • 7,128.72 CAD/year
Incl. Ontario Taxes (13%):
  • 671.29 CAD/month
  • 309.83 CAD/bi-weekly
  • 154.91 CAD/week
  • 8,055.45 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: 5,665 ~ 6,065 CAD

compared to leasing a BRAND NEW:

  • 2022 Volvo S60
  • for 12 months
  • in Ontario
  • $0 down payment
  • 12,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,309
This Contract (CAD/month) 594
Monthly Difference 715 CAD/month
Remaining Term x 11 months
Total Monthly Difference = 7,865 CAD
- Required Payment** (CAD) - 3,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 5,665 ~ 6,065
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 45,241 CAD
  • Total Vehicle Debt: 62,395 CAD
  • Paid so Far: 20,154 CAD (32% Paid)
  • Remaining Lease Payments: 6,535 CAD
  • Residual Value: 35,706 CAD
  • Required Payment: 3,000 CAD
Vehicle Debt & Value
Paid so far: 20,154 CAD Total Vehicle Value: 62,395 CAD
32% Paid
68%
Vehicle Debt Breakdown
Downpayment: 1,738 CAD Remaining Term: 6,535 CAD
Term Paid so Far: 18,416 CAD Residual Value: 35,706 CAD
2%
30%
10%
58%
Cost to Own
Already Paid: 20,154 CAD (32%)
Required Payment: 3,000 CAD (4%)Buyout Price Today: 45,241 CAD
28% Paid
4%
68%
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: 45,241 CAD

  • 4.9%Interest Rate x 48 months
  • 1,040 CAD/month + tax
  • Total Payable: 49,911 CAD
  • Total Interest: 4,670 CAD
  • 8.9%Interest Rate x 48 months
  • 1,124 CAD/month + tax
  • Total Payable: 53,936 CAD
  • Total Interest: 8,695 CAD
  • 14.9%Interest Rate x 48 months
  • 1,257 CAD/month + tax
  • Total Payable: 60,326 CAD
  • Total Interest: 15,085 CAD

At the end of the Lease Contract

Residual Value: 35,706 CAD (in 11 months)

  • 4.9%Interest Rate x 48 months
  • 821 CAD/month + tax
  • Total Payable: 39,392 CAD
  • Total Interest: 3,686 CAD
  • 8.9%Interest Rate x 48 months
  • 887 CAD/month + tax
  • Total Payable: 42,569 CAD
  • Total Interest: 6,863 CAD
  • 14.9%Interest Rate x 48 months
  • 992 CAD/month + tax
  • Total Payable: 47,612 CAD
  • Total Interest: 11,906 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)
48.41
  • + tax
  • + fuel
  • + insurance
(inlcuding the 3,000CAD incentive)
  • 33.18CAD/100km (TODAY without the Cash Incentive)
  • 59.41CAD/100km (Original Contract back in May, 2020)
Time Analysis
Cost per day: (CAD)
28.50
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 3,000CAD incentive)
  • 19.53CAD/day (Original Contract back in May, 2020)
Remaining Km
Can be driven up to:
413.18
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 230.77km/week (Contract Original back in May, 2020)

Seller Contact Info

This Contract was Already Transferred.

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