Payment Analysis

420.36CAD/monthin Toronto, ON
    Before Taxes:
  • 420.36 CAD/month
  • 194.01 CAD/bi-weekly
  • 97.01 CAD/week
  • 5,044.32 CAD/year
Incl. Ontario Taxes (13%):
  • 475.01 CAD/month
  • 219.23 CAD/bi-weekly
  • 109.62 CAD/week
  • 5,700.08 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: 17,768 ~ 19,068 CAD

compared to leasing a BRAND NEW:

  • Audi Q3 Progressiv
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 765
This Contract (CAD/month) 420
Monthly Difference 344 CAD/month
Remaining Term x 47 months
Total Monthly Difference = 16,168 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 17,768 ~ 19,068

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 42,052 CAD
  • Total Vehicle Debt: 43,251 CAD
  • Paid so Far: 1,199 CAD (2% Paid)
  • Remaining Lease Payments: 19,757 CAD
  • Residual Value: 22,295 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 1,199 CAD Total Vehicle Value: 43,251 CAD
2% Paid
98%
Vehicle Debt Breakdown
Downpayment: 1,199 CAD Remaining Term: 19,757 CAD
Term Paid so Far: 0 CAD Residual Value: 22,295 CAD
2%
0%
46%
52%
Cost to Own
Already Paid: 1,199 CAD (2%)
Cash Incentive: 0 CAD Buyout Price Today: 42,052 CAD
2% Paid
0%
98%
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: 42,052 CAD

  • 4.9%Interest Rate x 48 months
  • 967 CAD/month + tax
  • Total Payable: 46,393 CAD
  • Total Interest: 4,341 CAD
  • 8.9%Interest Rate x 48 months
  • 1,044 CAD/month + tax
  • Total Payable: 50,134 CAD
  • Total Interest: 8,083 CAD
  • 14.9%Interest Rate x 48 months
  • 1,168 CAD/month + tax
  • Total Payable: 56,074 CAD
  • Total Interest: 14,022 CAD

At the end of the Lease Contract

Residual Value: 22,295 CAD (in 47 months)

  • 4.9%Interest Rate x 48 months
  • 512 CAD/month + tax
  • Total Payable: 24,597 CAD
  • Total Interest: 2,302 CAD
  • 8.9%Interest Rate x 48 months
  • 554 CAD/month + tax
  • Total Payable: 26,580 CAD
  • Total Interest: 4,285 CAD
  • 14.9%Interest Rate x 48 months
  • 619 CAD/month + tax
  • Total Payable: 29,729 CAD
  • Total Interest: 7,434 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)
56.54
  • + tax
  • + fuel
  • + insurance
(or 0.57CAD per km)
Time Analysis
Cost per day: (CAD)
13.82
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
171.58
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD

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