Payment Analysis

563.99CAD/monthin Charlottetown, PE
    Before Taxes:
  • 563.99 CAD/month
  • 260.30 CAD/bi-weekly
  • 130.15 CAD/week
  • 6,767.88 CAD/year
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: 9,120 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
Savings Breakdown:
Leasing New (CAD/month) 1,133
This Contract (CAD/month) 564
Monthly Difference 570 CAD/month
Remaining Term x 16 months
Total Monthly Difference = 9,120 CAD
Total Savings (CAD) = 9,120

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 32,024 CAD
  • Total Vehicle Debt: 61,508 CAD
  • Paid so Far: 29,484 CAD (47% Paid)
  • Remaining Lease Payments: 9,024 CAD
  • Residual Value: 23,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 29,484 CAD Total Vehicle Value: 61,508 CAD
47% Paid
53%
Vehicle Debt Breakdown
Downpayment: 12,000 CAD Remaining Term: 9,024 CAD
Term Paid so Far: 17,484 CAD Residual Value: 23,000 CAD
19%
28%
14%
39%
Cost to Own
Already Paid: 29,484 CAD (47%)
Cash Incentive: 0 CAD Buyout Price Today: 32,024 CAD
47% Paid
0%
53%
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: 32,024 CAD

  • 4.9%Interest Rate x 48 months
  • 736 CAD/month + tax
  • Total Payable: 35,330 CAD
  • Total Interest: 3,306 CAD
  • 8.9%Interest Rate x 48 months
  • 795 CAD/month + tax
  • Total Payable: 38,179 CAD
  • Total Interest: 6,155 CAD
  • 14.9%Interest Rate x 48 months
  • 890 CAD/month + tax
  • Total Payable: 42,702 CAD
  • Total Interest: 10,678 CAD

At the end of the Lease Contract

Residual Value: 23,000 CAD (in 16 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)
14.83
  • + tax
  • + fuel
  • + insurance
(or 0.15CAD per km)
  • 30.42CAD/100km (Original Contract back in Feb, 2020)
Time Analysis
Cost per day: (CAD)
18.54
  • + tax
  • + insurance
  • + km driven & fuel
(0.21CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
877.74
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 427.88km/week (Contract Original back in Feb, 2020)

Seller Contact Info

This Contract was Already Transferred.