Payment Analysis

540.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 540.00 CAD/month
  • 249.23 CAD/bi-weekly
  • 124.62 CAD/week
  • 6,480.00 CAD/year
Incl. Alberta Taxes (5%):
  • 567.00 CAD/month
  • 261.69 CAD/bi-weekly
  • 130.85 CAD/week
  • 6,804.00 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: 3,596 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Atlas Trendline 4MOTION
  • for 36 months
  • in Alberta
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 602
This Contract (CAD/month) 540
Monthly Difference 62 CAD/month
Remaining Term x 33 months
Total Monthly Difference = 2,046 CAD
+ Cash Incentive** (CAD) + 1,550
Total Savings (CAD) = 3,596
** "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: 36,570 CAD
  • Total Vehicle Debt: 46,220 CAD
  • Paid so Far: 8,100 CAD (17% Paid)
  • Remaining Lease Payments: 17,820 CAD
  • Residual Value: 20,300 CAD
  • Cash Incentive: 1,550 CAD
Vehicle Debt & Value
Paid so far: 8,100 CAD Total Vehicle Value: 46,220 CAD
17% Paid
83%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,820 CAD
Term Paid so Far: 8,100 CAD Residual Value: 20,300 CAD
0%
17%
38%
45%
Cost to Own
Already Paid: 8,100 CAD (17%)
Cash Incentive: 1,550 CAD Buyout Price Today: 36,570 CAD
17% Paid
3%
80%
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: 36,570 CAD

  • 4.9%Interest Rate x 48 months
  • 841 CAD/month + tax
  • Total Payable: 40,345 CAD
  • Total Interest: 3,775 CAD
  • 8.9%Interest Rate x 48 months
  • 908 CAD/month + tax
  • Total Payable: 43,599 CAD
  • Total Interest: 7,029 CAD
  • 14.9%Interest Rate x 48 months
  • 1,016 CAD/month + tax
  • Total Payable: 48,764 CAD
  • Total Interest: 12,194 CAD

At the end of the Lease Contract

Residual Value: 20,300 CAD (in 33 months)

  • 4.9%Interest Rate x 48 months
  • 467 CAD/month + tax
  • Total Payable: 22,396 CAD
  • Total Interest: 2,096 CAD
  • 8.9%Interest Rate x 48 months
  • 504 CAD/month + tax
  • Total Payable: 24,202 CAD
  • Total Interest: 3,902 CAD
  • 14.9%Interest Rate x 48 months
  • 564 CAD/month + tax
  • Total Payable: 27,069 CAD
  • Total Interest: 6,769 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)
27.12
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,550CAD incentive)
  • 29.70CAD/100km (TODAY without the Cash Incentive)
  • 32.40CAD/100km (Original Contract back in Jul, 2017)
Time Analysis
Cost per day: (CAD)
16.21
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,550CAD incentive)
  • 17.75CAD/day (Original Contract back in Jul, 2017)
Remaining Km
Can be driven up to:
419.58
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD
  • 384.62km/week (Contract Original back in Jul, 2017)

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