Volvo Lease Takeover in Oakville, ON: 2020 Volvo XC60 Inscription T6 Automatique AWD ID:#14345 • LeaseCosts Canada

Payment Analysis

248.92CAD/monthin Oakville, ON

Before Taxes:

248.92 CAD/month
114.89 CAD/bi-weekly
57.44 CAD/week
2,987.04 CAD/year

Incl. Ontario Taxes (13%):

281.28 CAD/month
129.82 CAD/bi-weekly
64.91 CAD/week
3,375.36 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: 36,020 ~ 36,920 CAD

compared to leasing a BRAND NEW:

Volvo XC60 Inscription T6 w/ Premium Package ($1,950) + Premium Plus Package ($2,600) + Charcoal Headliner ($250) + Massage Front Seats ($1,300) + Bumper Guard ($160) + Winter wheel kits - 19" 10-Spoke Black DC Alloy - Michelin X-ice ($3,250) + Bowers and Wilkins Premium Sound System ($3,750) + Protection Package ($455)
for 24 months
in Ontario
$0 down payment
25,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,541
This Contract (CAD/month)	249
Monthly Difference	1,293 CAD/month
Remaining Term	x 40 months
Total Monthly Difference	= 51,720 CAD
- Required Payment** (CAD)	- 16,500
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 36,020 ~ 36,920
	** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 67,531 CAD

Total Vehicle Debt: 73,035 CAD
Paid so Far: 22,004 CAD (30% Paid)
Remaining Lease Payments: 9,957 CAD
Residual Value: 41,074 CAD
Required Payment: 16,500 CAD

Vehicle Debt & Value

Paid so far: 22,004 CAD Total Vehicle Value: 73,035 CAD

30% Paid

70%

Vehicle Debt Breakdown

Downpayment: 23,000 CAD Remaining Term: 9,957 CAD

Term Paid so Far: -996 CAD Residual Value: 41,074 CAD

31%

-1%

13%

57%

Cost to Own

Already Paid: 22,004 CAD (30%)

Required Payment: 16,500 CAD (22%)Buyout Price Today: 67,531 CAD

8% Paid

22%

70%

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: 67,531 CAD

4.9%Interest Rate x 48 months
1,552 CAD/month + tax
Total Payable: 74,502 CAD
Total Interest: 6,971 CAD

8.9%Interest Rate x 48 months
1,677 CAD/month + tax
Total Payable: 80,511 CAD
Total Interest: 12,980 CAD

14.9%Interest Rate x 48 months
1,876 CAD/month + tax
Total Payable: 90,049 CAD
Total Interest: 22,518 CAD

At the end of the Lease Contract

Residual Value: 41,074 CAD (in 40 months)

4.9%Interest Rate x 48 months
944 CAD/month + tax
Total Payable: 45,314 CAD
Total Interest: 4,240 CAD

8.9%Interest Rate x 48 months
1,020 CAD/month + tax
Total Payable: 48,969 CAD
Total Interest: 7,895 CAD

14.9%Interest Rate x 48 months
1,141 CAD/month + tax
Total Payable: 54,770 CAD
Total Interest: 13,696 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)