Volkswagen Lease Takeover in Alberta, AB: 2019 Volkswagen Tiguan Comfortline Automatique AWD ID:#26955 • LeaseCosts Canada

Payment Analysis

560.00CAD/monthin Alberta, AB

Before Taxes:

560.00 CAD/month
258.46 CAD/bi-weekly
129.23 CAD/week
6,720.00 CAD/year

Incl. Alberta Taxes (5%):

588.00 CAD/month
271.38 CAD/bi-weekly
135.69 CAD/week
7,056.00 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: 22,904 CAD

compared to leasing a BRAND NEW:

Volkswagen Tiguan Comfortline Automatic AWD
for 12 months
in AB
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,152
This Contract (CAD/month)	560
Monthly Difference	592 CAD/month
Remaining Term	x 37 months
Total Monthly Difference	= 21,904 CAD
+ Cash Incentive** (CAD)	+ 1,000
Total Savings (CAD)	= 22,904
	** "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: 38,040 CAD

Total Vehicle Debt: 43,480 CAD
Paid so Far: 4,440 CAD (10% Paid)
Remaining Lease Payments: 20,720 CAD
Residual Value: 18,320 CAD
Cash Incentive: 1,000 CAD

Vehicle Debt & Value

Paid so far: 4,440 CAD Total Vehicle Value: 43,480 CAD

10% Paid

90%

Vehicle Debt Breakdown

Downpayment: 5,000 CAD Remaining Term: 20,720 CAD

Term Paid so Far: -560 CAD Residual Value: 18,320 CAD

11%

-1%

47%

43%

Cost to Own

Already Paid: 4,440 CAD (10%)

Cash Incentive: 1,000 CAD Buyout Price Today: 38,040 CAD

10% Paid

88%

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: 38,040 CAD

4.9%Interest Rate x 48 months
874 CAD/month + tax
Total Payable: 41,967 CAD
Total Interest: 3,927 CAD

8.9%Interest Rate x 48 months
945 CAD/month + tax
Total Payable: 45,351 CAD
Total Interest: 7,311 CAD

14.9%Interest Rate x 48 months
1,057 CAD/month + tax
Total Payable: 50,724 CAD
Total Interest: 12,684 CAD

At the end of the Lease Contract

Residual Value: 18,320 CAD (in 37 months)

4.9%Interest Rate x 48 months
421 CAD/month + tax
Total Payable: 20,211 CAD
Total Interest: 1,891 CAD

8.9%Interest Rate x 48 months
455 CAD/month + tax
Total Payable: 21,841 CAD
Total Interest: 3,521 CAD

14.9%Interest Rate x 48 months
509 CAD/month + tax
Total Payable: 24,428 CAD
Total Interest: 6,109 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)