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Transfer Details

Volvo Lease Takeover in Vancouver, BC: 2021 Volvo XC60 Polestar Engineered Automatic AWD ID:#45357
SAVE ~10,000 CAD
CAD/month x 15 months
2021 Volvo XC60 Polestar Engineered (ID: #45357)
1,106
Vancouver, BC
2021 Volvo

XC60 Polestar Engineered Automatic AWD w/ Warranty Complete Term + Wear & Tear Coverage

  • Warranty Complete Term
  • Wear & Tear Coverage
Payment Details
  • Current Payment: 1,106 CAD/month + tax
  • Residual Value: 58,725 CAD
  • Months to End: 15 months (Jul, 2024)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 34,000 km total
  • Available Now: 24,800 km/year (2,067 per month)
  • Excess Km Cost: 0.10 CAD/km

Payment Analysis

1,106.00CAD/monthin Vancouver, BC
    Before Taxes:
  • 1,106.00 CAD/month
  • 510.46 CAD/bi-weekly
  • 255.23 CAD/week
  • 13,272.00 CAD/year
Incl. B.C. Taxes (12%):
  • 1,238.72 CAD/month
  • 571.72 CAD/bi-weekly
  • 285.86 CAD/week
  • 14,864.64 CAD/year

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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: 9,560 ~ 10,460 CAD

compared to leasing a BRAND NEW:

  • Volvo XC60 Ultimate B6 AWD mild hybrid
  • for 12 months
  • in British Columbia
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,690
This Contract (CAD/month) 1,106
Monthly Difference 584 CAD/month
Remaining Term x 15 months
Total Monthly Difference = 8,760 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 9,560 ~ 10,460

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 75,315 CAD
  • Total Vehicle Debt: 101,859 CAD
  • Paid so Far: 26,544 CAD (26% Paid)
  • Remaining Lease Payments: 16,590 CAD
  • Residual Value: 58,725 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 26,544 CAD Total Vehicle Value: 101,859 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 16,590 CAD
Term Paid so Far: 26,544 CAD Residual Value: 58,725 CAD
0%
26%
16%
58%
Cost to Own
Already Paid: 26,544 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 75,315 CAD
26% Paid
0%
74%
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: 75,315 CAD

  • 4.9%Interest Rate x 48 months
  • 1,731 CAD/month + tax
  • Total Payable: 83,090 CAD
  • Total Interest: 7,775 CAD
  • 8.9%Interest Rate x 48 months
  • 1,871 CAD/month + tax
  • Total Payable: 89,791 CAD
  • Total Interest: 14,476 CAD
  • 14.9%Interest Rate x 48 months
  • 2,092 CAD/month + tax
  • Total Payable: 100,429 CAD
  • Total Interest: 25,113 CAD

At the end of the Lease Contract

Residual Value: 58,725 CAD (in 15 months)

  • 4.9%Interest Rate x 48 months
  • 1,350 CAD/month + tax
  • Total Payable: 64,788 CAD
  • Total Interest: 6,062 CAD
  • 8.9%Interest Rate x 48 months
  • 1,459 CAD/month + tax
  • Total Payable: 70,013 CAD
  • Total Interest: 11,287 CAD
  • 14.9%Interest Rate x 48 months
  • 1,631 CAD/month + tax
  • Total Payable: 78,307 CAD
  • Total Interest: 19,582 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)
53.52
  • + tax
  • + fuel
  • + insurance
(or 0.54CAD per km)
  • 66.36CAD/100km (Original Contract back in Apr, 2021)
Time Analysis
Cost per day: (CAD)
36.36
  • + tax
  • + insurance
  • + km driven & fuel
(0.22CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
476.92
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in Apr, 2021)

Seller Contact Info

  • Name: Alex Smith
  • Location: Vancouver, BC
  • Date Contract Started:
  • Date Contract Ends:

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This is an amazing vehicle!! I love it to death - performs amazingly. The Polestar package is worth it for those who care about a car that handles well and has huge power. A true pleasure to drive. I'm only giving it up because I've moved to San Francisco and importing a Canadian car is too much hassle when it's leased!

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