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 "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.

For Leasing Purposes

With this deal, you are saving: 9,677 ~ 10,977 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 23 months
Total Monthly Difference = 6,877 CAD
+ Cash Incentive** (CAD) + 1,200
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 9,677 ~ 10,977
** "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: 36,521 CAD
  • Total Vehicle Debt: 54,548 CAD
  • Paid so Far: 16,827 CAD (30% Paid)
  • Remaining Lease Payments: 12,721 CAD
  • Residual Value: 25,000 CAD
  • Cash Incentive: 1,200 CAD
Vehicle Debt & Value
Paid so far: 16,827 CAD Total Vehicle Value: 54,548 CAD
30% Paid
70%
Vehicle Debt Breakdown
Downpayment: 3,000 CAD Remaining Term: 12,721 CAD
Term Paid so Far: 13,827 CAD Residual Value: 25,000 CAD
5%
25%
23%
47%
Cost to Own
Already Paid: 16,827 CAD
Cash Incentive: 1,200 CAD Buyout Price Today: 36,521 CAD
30% Paid
2%
68%

Finance the remaining Debt Today

Remaining Term + Residual Value: 36,521 CAD

  • 2.9%Interest Rate x 48 months
  • 807 CAD/month + tax
  • Total Payable: 38,724 CAD
  • Total Interest: 2,203 CAD
  • 4.9%Interest Rate x 48 months
  • 839 CAD/month + tax
  • Total Payable: 40,291 CAD
  • Total Interest: 3,770 CAD
  • 5.9%Interest Rate x 48 months
  • 856 CAD/month + tax
  • Total Payable: 41,089 CAD
  • Total Interest: 4,568 CAD

At the end of the Lease Contract

Residual Value: 25,000 CAD (in 23 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