Payment Analysis

581.00CAD/monthin Saskatoon, SK
    Before Taxes:
  • 581.00 CAD/month
  • 268.15 CAD/bi-weekly
  • 134.08 CAD/week
  • 6,972.00 CAD/year
Incl. Saskatchewan Taxes (11%):
  • 644.91 CAD/month
  • 297.65 CAD/bi-weekly
  • 148.83 CAD/week
  • 7,738.92 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: 245 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Golf R
  • for 42 months
  • in Saskatchewan
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 589
This Contract (CAD/month) 581
Monthly Difference 7 CAD/month
Remaining Term x 35 months
Total Monthly Difference = 245 CAD
Total Savings (CAD) = 245

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 42,392 CAD
  • Total Vehicle Debt: 49,945 CAD
  • Paid so Far: 7,553 CAD (15% Paid)
  • Remaining Lease Payments: 20,335 CAD
  • Residual Value: 22,057 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,553 CAD Total Vehicle Value: 49,945 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 20,335 CAD
Term Paid so Far: 7,553 CAD Residual Value: 22,057 CAD
0%
15%
40%
45%
Cost to Own
Already Paid: 7,553 CAD (15%)
Cash Incentive: 0 CAD Buyout Price Today: 42,392 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: 42,392 CAD

  • 4.9%Interest Rate x 48 months
  • 974 CAD/month + tax
  • Total Payable: 46,768 CAD
  • Total Interest: 4,376 CAD
  • 8.9%Interest Rate x 48 months
  • 1,053 CAD/month + tax
  • Total Payable: 50,540 CAD
  • Total Interest: 8,148 CAD
  • 14.9%Interest Rate x 48 months
  • 1,178 CAD/month + tax
  • Total Payable: 56,527 CAD
  • Total Interest: 14,135 CAD

At the end of the Lease Contract

Residual Value: 22,057 CAD (in 35 months)

  • 4.9%Interest Rate x 48 months
  • 507 CAD/month + tax
  • Total Payable: 24,334 CAD
  • Total Interest: 2,277 CAD
  • 8.9%Interest Rate x 48 months
  • 548 CAD/month + tax
  • Total Payable: 26,296 CAD
  • Total Interest: 4,239 CAD
  • 14.9%Interest Rate x 48 months
  • 613 CAD/month + tax
  • Total Payable: 29,412 CAD
  • Total Interest: 7,355 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)
34.79
  • + tax
  • + fuel
  • + insurance
(or 0.35CAD per km)
  • 43.58CAD/100km (Original Contract back in Jul, 2018)
Time Analysis
Cost per day: (CAD)
19.10
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
385.37
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 307.69km/week (Contract Original back in Jul, 2018)