Payment Analysis

553.09CAD/monthin North York, ON
    Before Taxes:
  • 553.09 CAD/month
  • 255.27 CAD/bi-weekly
  • 127.64 CAD/week
  • 6,637.08 CAD/year
Incl. Ontario Taxes (13%):
  • 624.99 CAD/month
  • 288.46 CAD/bi-weekly
  • 144.23 CAD/week
  • 7,499.90 CAD/year

Lease Takeover Analysis

The Lease Takeover Analysis is an impartial review made by a Lease Takeover Specialist from LeaseCosts Canada Inc. and should be used as reference.

For Leasing Purposes

With this deal, you are saving: 10,574 ~ 11,874 CAD

compared to leasing a BRAND NEW:

  • Audi A4 2.0 TFSI quattro Progressiv
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 852
This Contract (CAD/month) 553
Monthly Difference 299 CAD/month
Remaining Term x 26 months
Total Monthly Difference = 7,774 CAD
+ Cash Incentive** (CAD) + 1,200
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 10,574 ~ 11,874
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today, it would cost: 38,180 CAD
  • Total Vehicle Debt: 54,548 CAD
  • Paid so Far: 15,168 CAD (27% Paid)
  • Remaining Lease Payments: 14,380 CAD
  • Residual Value: 25,000 CAD
  • Cash Incentive: 1,200 CAD
Vehicle Debt & Value
Paid so far: 15,168 CAD Total Vehicle Value: 54,548 CAD
27% Paid
73%
Vehicle Debt Breakdown
Downpayment: 3,000 CAD Remaining Term: 14,380 CAD
Term Paid so Far: 12,168 CAD Residual Value: 25,000 CAD
5%
22%
26%
47%
Cost to Own
Already Paid: 15,168 CAD
Cash Incentive: 1,200 CAD Buyout Price Today: 38,180 CAD
27% Paid
2%
71%

Finance the remaining Debt Today

Remaining Term + Residual Value: 38,180 CAD

  • 2.9%Interest Rate x 48 months
  • 843 CAD/month + tax
  • Total Payable: 40,484 CAD
  • Total Interest: 2,303 CAD
  • 4.9%Interest Rate x 48 months
  • 878 CAD/month + tax
  • Total Payable: 42,122 CAD
  • Total Interest: 3,941 CAD
  • 5.9%Interest Rate x 48 months
  • 895 CAD/month + tax
  • Total Payable: 42,956 CAD
  • Total Interest: 4,776 CAD

At the end of the Lease Contract

Residual Value: 25,000 CAD (in 26 months)

  • 2.9%Interest Rate x 48 months
  • 552 CAD/month + tax
  • Total Payable: 26,508 CAD
  • Total Interest: 1,508 CAD
  • 4.9%Interest Rate x 48 months
  • 575 CAD/month + tax
  • Total Payable: 27,581 CAD
  • Total Interest: 2,581 CAD
  • 5.9%Interest Rate x 48 months
  • 586 CAD/month + tax
  • Total Payable: 28,127 CAD
  • Total Interest: 3,127 CAD