Payment Analysis

517.00CAD/monthin New Westminster, BC
    Before Taxes:
  • 517.00 CAD/month
  • 238.62 CAD/bi-weekly
  • 119.31 CAD/week
  • 6,204.00 CAD/year
Incl. B.C. Taxes (12%):
  • 579.04 CAD/month
  • 267.25 CAD/bi-weekly
  • 133.62 CAD/week
  • 6,948.48 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: 7,795 ~ 8,695 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Arteon R-line Automatic AWD R-line
  • for 12 months
  • in BC
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,150
This Contract (CAD/month) 517
Monthly Difference 633 CAD/month
Remaining Term x 15 months
Total Monthly Difference = 9,495 CAD
- Required Payment** (CAD) - 2,500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 7,795 ~ 8,695
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 33,755 CAD
  • Total Vehicle Debt: 49,316 CAD
  • Paid so Far: 18,061 CAD (36% Paid)
  • Remaining Lease Payments: 7,755 CAD
  • Residual Value: 23,500 CAD
  • Required Payment: 2,500 CAD
Vehicle Debt & Value
Paid so far: 18,061 CAD Total Vehicle Value: 49,316 CAD
36% Paid
64%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 7,755 CAD
Term Paid so Far: 17,061 CAD Residual Value: 23,500 CAD
1%
35%
15%
49%
Cost to Own
Already Paid: 18,061 CAD (36%)
Required Payment: 2,500 CAD (5%)Buyout Price Today: 33,755 CAD
31% Paid
5%
64%
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: 33,755 CAD

  • 4.9%Interest Rate x 48 months
  • 776 CAD/month + tax
  • Total Payable: 37,240 CAD
  • Total Interest: 3,485 CAD
  • 8.9%Interest Rate x 48 months
  • 838 CAD/month + tax
  • Total Payable: 40,243 CAD
  • Total Interest: 6,488 CAD
  • 14.9%Interest Rate x 48 months
  • 938 CAD/month + tax
  • Total Payable: 45,010 CAD
  • Total Interest: 11,255 CAD

At the end of the Lease Contract

Residual Value: 23,500 CAD (in 15 months)

  • 4.9%Interest Rate x 48 months
  • 540 CAD/month + tax
  • Total Payable: 25,926 CAD
  • Total Interest: 2,426 CAD
  • 8.9%Interest Rate x 48 months
  • 584 CAD/month + tax
  • Total Payable: 28,017 CAD
  • Total Interest: 4,517 CAD
  • 14.9%Interest Rate x 48 months
  • 653 CAD/month + tax
  • Total Payable: 31,336 CAD
  • Total Interest: 7,836 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)
20.78
  • + tax
  • + fuel
  • + insurance
(inlcuding the 2,500CAD incentive)
  • 15.71CAD/100km (TODAY without the Cash Incentive)
  • 31.02CAD/100km (Original Contract back in Mar, 2020)
Time Analysis
Cost per day: (CAD)
22.48
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 2,500CAD incentive)
  • 17.00CAD/day (Original Contract back in Mar, 2020)
Remaining Km
Can be driven up to:
759.23
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD
  • 384.62km/week (Contract Original back in Mar, 2020)

Seller Contact Info

This Contract was Already Transferred.

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