Volvo Lease Takeover in Montreal, QC: 2022 Volvo XC60 R-Design Polestar Engineered Automatique AWD ID:#45144 • LeaseCosts Canada

Payment Analysis

919.00CAD/monthin Montreal, QC

Before Taxes:

919.00 CAD/month
424.15 CAD/bi-weekly
212.08 CAD/week
11,028.00 CAD/year

Incl. Québec Taxes (14.98%):

1,056.67 CAD/month
487.69 CAD/bi-weekly
243.85 CAD/week
12,679.99 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: 20,694 ~ 21,994 CAD

compared to leasing a BRAND NEW:

Volvo XC60 Polestar Engineered (+$25,500) T8 AWD plug-in hybrid
for 12 months
in Québec
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,696
This Contract (CAD/month)	919
Monthly Difference	777 CAD/month
Remaining Term	x 22 months
Total Monthly Difference	= 17,094 CAD
+ Cash Incentive** (CAD)	+ 2,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 20,694 ~ 21,994
	** "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: 55,218 CAD

Total Vehicle Debt: 84,112 CAD
Paid so Far: 26,894 CAD (31% Paid)
Remaining Lease Payments: 20,218 CAD
Residual Value: 37,000 CAD
Cash Incentive: 2,000 CAD

Vehicle Debt & Value

Paid so far: 26,894 CAD Total Vehicle Value: 84,112 CAD

31% Paid

69%

Vehicle Debt Breakdown

Downpayment: 3,000 CAD Remaining Term: 20,218 CAD

Term Paid so Far: 23,894 CAD Residual Value: 37,000 CAD

28%

24%

45%

Cost to Own

Already Paid: 26,894 CAD (31%)

Cash Incentive: 2,000 CAD Buyout Price Today: 55,218 CAD

31% Paid

67%

Additional Financing Details

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: 55,218 CAD

4.9%Interest Rate x 48 months
1,269 CAD/month + tax
Total Payable: 60,918 CAD
Total Interest: 5,700 CAD

8.9%Interest Rate x 48 months
1,371 CAD/month + tax
Total Payable: 65,831 CAD
Total Interest: 10,613 CAD

14.9%Interest Rate x 48 months
1,534 CAD/month + tax
Total Payable: 73,630 CAD
Total Interest: 18,412 CAD

At the end of the Lease Contract

Residual Value: 37,000 CAD (in 22 months)

4.9%Interest Rate x 48 months
850 CAD/month + tax
Total Payable: 40,820 CAD
Total Interest: 3,820 CAD

8.9%Interest Rate x 48 months
919 CAD/month + tax
Total Payable: 44,112 CAD
Total Interest: 7,112 CAD

14.9%Interest Rate x 48 months
1,028 CAD/month + tax
Total Payable: 49,337 CAD
Total Interest: 12,337 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)

31.63

+ tax
+ fuel
+ insurance

(inlcuding the 2,000CAD incentive)

35.10CAD/100km (TODAY without the Cash Incentive)
68.93CAD/100km (Original Contract back in Sep, 2022)

Time Analysis

Cost per day: (CAD)

27.22

+ tax
+ insurance
+ km driven & fuel

(inlcuding the 2,000CAD incentive)

30.21CAD/day (Original Contract back in Sep, 2022)

Remaining Km

Can be driven up to:

604.20

km/week
without any
additional costs

Excess km cost: Not Provided

307.69km/week (Contract Original back in Sep, 2022)

Seller Contact Info

Name: Rajasekar Vellaichamy
Location: Montreal, QC
Date Contract Started: 2022-09-23
Date Contract Ends: 2026-09-25

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Metallic Blue Car comes with Additional Polestar feature which makes it 400HP. It also have button controlled electronic hitch, 14 speaker Bowers & Wilkins system, having heated rear seats, heads up display, Hand stiched seats and dash, 360 degrees camera, inbuilt air purifier and semi autonomous driving assist. Bought the car with 5500$ downpayment discount.