Payment Analysis

351.44CAD/monthin Montreal, QC
    Before Taxes:
  • 351.44 CAD/month
  • 162.20 CAD/bi-weekly
  • 81.10 CAD/week
  • 4,217.28 CAD/year
Incl. Québec Taxes (14.98%):
  • 404.09 CAD/month
  • 186.50 CAD/bi-weekly
  • 93.25 CAD/week
  • 4,849.03 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: 3,976 ~ 5,276 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Golf GTI Manual
  • for 36 months
  • in Quebec
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 423
This Contract (CAD/month) 351
Monthly Difference 72 CAD/month
Remaining Term x 33 months
Total Monthly Difference = 2,376 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,976 ~ 5,276

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,935 CAD
  • Total Vehicle Debt: 32,050 CAD
  • Paid so Far: 5,115 CAD (15% Paid)
  • Remaining Lease Payments: 11,598 CAD
  • Residual Value: 15,337 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 5,115 CAD Total Vehicle Value: 32,050 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 195 CAD Remaining Term: 11,598 CAD
Term Paid so Far: 4,920 CAD Residual Value: 15,337 CAD
0%
15%
36%
49%
Cost to Own
Already Paid: 5,115 CAD (15%)
Cash Incentive: 0 CAD Buyout Price Today: 26,935 CAD
15% Paid
0%
85%
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: 26,935 CAD

  • 4.9%Interest Rate x 48 months
  • 619 CAD/month + tax
  • Total Payable: 29,715 CAD
  • Total Interest: 2,781 CAD
  • 8.9%Interest Rate x 48 months
  • 669 CAD/month + tax
  • Total Payable: 32,111 CAD
  • Total Interest: 5,177 CAD
  • 14.9%Interest Rate x 48 months
  • 748 CAD/month + tax
  • Total Payable: 35,916 CAD
  • Total Interest: 8,981 CAD

At the end of the Lease Contract

Residual Value: 15,337 CAD (in 33 months)

  • 4.9%Interest Rate x 48 months
  • 353 CAD/month + tax
  • Total Payable: 16,920 CAD
  • Total Interest: 1,583 CAD
  • 8.9%Interest Rate x 48 months
  • 381 CAD/month + tax
  • Total Payable: 18,285 CAD
  • Total Interest: 2,948 CAD
  • 14.9%Interest Rate x 48 months
  • 426 CAD/month + tax
  • Total Payable: 20,451 CAD
  • Total Interest: 5,114 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)
22.33
  • + tax
  • + fuel
  • + insurance
(or 0.22CAD per km)
  • 26.36CAD/100km (Original Contract back in Jul, 2017)
Time Analysis
Cost per day: (CAD)
11.55
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
363.20
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 307.69km/week (Contract Original back in Jul, 2017)

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