Payment Analysis

370.88CAD/monthin St. Albert, AB
    Before Taxes:
  • 370.88 CAD/month
  • 171.18 CAD/bi-weekly
  • 85.59 CAD/week
  • 4,450.56 CAD/year
Incl. Alberta Taxes (5%):
  • 389.42 CAD/month
  • 179.73 CAD/bi-weekly
  • 89.87 CAD/week
  • 4,673.09 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: 988 CAD

compared to leasing a BRAND NEW:

  • VW Golf GTI
  • for 42 months
  • in Alberta
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 408
This Contract (CAD/month) 371
Monthly Difference 38 CAD/month
Remaining Term x 26 months
Total Monthly Difference = 988 CAD
Total Savings (CAD) = 988

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,164 CAD
  • Total Vehicle Debt: 33,953 CAD
  • Paid so Far: 7,788 CAD (22% Paid)
  • Remaining Lease Payments: 9,643 CAD
  • Residual Value: 16,521 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,788 CAD Total Vehicle Value: 33,953 CAD
22% Paid
78%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 9,643 CAD
Term Paid so Far: 7,788 CAD Residual Value: 16,521 CAD
0%
22%
28%
50%
Cost to Own
Already Paid: 7,788 CAD (22%)
Cash Incentive: 0 CAD Buyout Price Today: 26,164 CAD
22% Paid
0%
78%
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: 26,164 CAD

  • 4.9%Interest Rate x 48 months
  • 601 CAD/month + tax
  • Total Payable: 28,865 CAD
  • Total Interest: 2,701 CAD
  • 8.9%Interest Rate x 48 months
  • 650 CAD/month + tax
  • Total Payable: 31,193 CAD
  • Total Interest: 5,029 CAD
  • 14.9%Interest Rate x 48 months
  • 727 CAD/month + tax
  • Total Payable: 34,888 CAD
  • Total Interest: 8,724 CAD

At the end of the Lease Contract

Residual Value: 16,521 CAD (in 26 months)

  • 4.9%Interest Rate x 48 months
  • 380 CAD/month + tax
  • Total Payable: 18,227 CAD
  • Total Interest: 1,706 CAD
  • 8.9%Interest Rate x 48 months
  • 410 CAD/month + tax
  • Total Payable: 19,697 CAD
  • Total Interest: 3,175 CAD
  • 14.9%Interest Rate x 48 months
  • 459 CAD/month + tax
  • Total Payable: 22,030 CAD
  • Total Interest: 5,509 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)
16.87
  • + tax
  • + fuel
  • + insurance
(or 0.17CAD per km)
  • 27.82CAD/100km (Original Contract back in Mar, 2018)
Time Analysis
Cost per day: (CAD)
12.19
  • + tax
  • + insurance
  • + km driven & fuel
(0.13CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
507.40
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 307.69km/week (Contract Original back in Mar, 2018)

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Payment Details
  • Current Payment: 0 CAD/month + tax
  • Months to End: 4 months (Aug, 2024)
Vehicle Status
  • Contract Allowance: 0 km/year
  • Current Odometer: 0 km total
  • Available Now: 0 km/year (0 per month)
  • Please note that this contract ends in less than a year.
See all Details