Payment Analysis

650.48CAD/monthin Vaughan, ON
    Before Taxes:
  • 650.48 CAD/month
  • 300.22 CAD/bi-weekly
  • 150.11 CAD/week
  • 7,805.76 CAD/year
Incl. Ontario Taxes (13%):
  • 735.04 CAD/month
  • 339.25 CAD/bi-weekly
  • 169.63 CAD/week
  • 8,820.51 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: 4,711 ~ 5,111 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Golf R Manual
  • for 36 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 721
This Contract (CAD/month) 650
Monthly Difference 71 CAD/month
Remaining Term x 41 months
Total Monthly Difference = 2,911 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 4,711 ~ 5,111
** "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: 47,477 CAD
  • Total Vehicle Debt: 53,031 CAD
  • Paid so Far: 4,553 CAD (8% Paid)
  • Remaining Lease Payments: 26,670 CAD
  • Residual Value: 21,808 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 4,553 CAD Total Vehicle Value: 53,031 CAD
8% Paid
92%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 26,670 CAD
Term Paid so Far: 4,553 CAD Residual Value: 21,808 CAD
0%
8%
50%
42%
Cost to Own
Already Paid: 4,553 CAD (8%)
Cash Incentive: 1,000 CAD Buyout Price Today: 47,477 CAD
8% Paid
1%
91%
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: 47,477 CAD

  • 4.9%Interest Rate x 48 months
  • 1,091 CAD/month + tax
  • Total Payable: 52,378 CAD
  • Total Interest: 4,901 CAD
  • 8.9%Interest Rate x 48 months
  • 1,179 CAD/month + tax
  • Total Payable: 56,602 CAD
  • Total Interest: 9,125 CAD
  • 14.9%Interest Rate x 48 months
  • 1,319 CAD/month + tax
  • Total Payable: 63,308 CAD
  • Total Interest: 15,831 CAD

At the end of the Lease Contract

Residual Value: 21,808 CAD (in 41 months)

  • 4.9%Interest Rate x 48 months
  • 501 CAD/month + tax
  • Total Payable: 24,059 CAD
  • Total Interest: 2,251 CAD
  • 8.9%Interest Rate x 48 months
  • 542 CAD/month + tax
  • Total Payable: 25,999 CAD
  • Total Interest: 4,191 CAD
  • 14.9%Interest Rate x 48 months
  • 606 CAD/month + tax
  • Total Payable: 29,079 CAD
  • Total Interest: 7,272 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)
31.34
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
Time Analysis
Cost per day: (CAD)
20.58
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
Remaining Km
Can be driven up to:
461.08
  • km/week
  • without any
  • additional costs
Excess km cost: 0.10CAD

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