Payment Analysis
563.99CAD/monthin Charlottetown, PE
- 563.99 CAD/month
- 260.30 CAD/bi-weekly
- 130.15 CAD/week
- 6,767.88 CAD/year
Before Taxes:
Incl. PEI Taxes (15%):
- 648.59 CAD/month
- 299.35 CAD/bi-weekly
- 149.67 CAD/week
- 7,783.06 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:
1,140 CAD
compared to leasing a BRAND NEW:
- Volkswagen Arteon Execline Automatic AWD R-Line Package Drivers Assistance Package
- for 24 months
- in PE
- $0 down payment
- 25,000 km/year
Leasing New (CAD/month) | 1,133 |
---|---|
This Contract (CAD/month) | 564 |
Monthly Difference | 570 CAD/month |
Remaining Term | x 2 months |
Total Monthly Difference | = 1,140 CAD |
Total Savings (CAD) | = 1,140 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
24,128 CAD
- Total Vehicle Debt: 61,508 CAD
- Paid so Far: 37,380 CAD (60% Paid)
- Remaining Lease Payments: 1,128 CAD
- Residual Value: 23,000 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 37,380 CAD Total Vehicle Value: 61,508 CAD
Vehicle Debt Breakdown
Downpayment: 12,000 CAD Remaining Term: 1,128 CAD
Term Paid so Far: 25,380 CAD Residual Value: 23,000 CAD
Cost to Own
Already Paid: 37,380 CAD (60%)
Cash Incentive: 0 CAD Buyout Price Today: 24,128 CAD
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: 24,128 CAD
- 4.9%Interest Rate x 48 months
- 555 CAD/month + tax
- Total Payable: 26,619 CAD
- Total Interest: 2,491 CAD
- 8.9%Interest Rate x 48 months
- 599 CAD/month + tax
- Total Payable: 28,765 CAD
- Total Interest: 4,637 CAD
- 14.9%Interest Rate x 48 months
- 670 CAD/month + tax
- Total Payable: 32,173 CAD
- Total Interest: 8,045 CAD
At the end of the Lease Contract
Residual Value: 23,000 CAD (in 2 months)
- 4.9%Interest Rate x 48 months
- 529 CAD/month + tax
- Total Payable: 25,374 CAD
- Total Interest: 2,374 CAD
- 8.9%Interest Rate x 48 months
- 571 CAD/month + tax
- Total Payable: 27,421 CAD
- Total Interest: 4,421 CAD
- 14.9%Interest Rate x 48 months
- 639 CAD/month + tax
- Total Payable: 30,669 CAD
- Total Interest: 7,669 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)
1.85
- + tax
- + fuel
- + insurance
- 30.42CAD/100km (Original Contract back in Feb, 2020)
Time Analysis
Cost per day: (CAD)
18.54
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
7,021.94
- km/week
- without any
- additional costs
- 427.88km/week (Contract Original back in Feb, 2020)