Payment Analysis

585.00CAD/monthin Montreal, QC
    Before Taxes:
  • 585.00 CAD/month
  • 270.00 CAD/bi-weekly
  • 135.00 CAD/week
  • 7,020.00 CAD/year
Incl. Québec Taxes (14.98%):
  • 672.63 CAD/month
  • 310.45 CAD/bi-weekly
  • 155.22 CAD/week
  • 8,071.60 CAD/year

Lease Takeover Analysis

The Lease Takeover Analysis "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.

For Leasing Purposes

With this deal, you are saving: 8,124 ~ 9,024 CAD

compared to leasing a BRAND NEW:

  • Audi Q3 2.0 TFSI Quattro Progressiv
  • for 24 months
  • in Quebec
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 827
This Contract (CAD/month) 585
Monthly Difference 242 CAD/month
Remaining Term x 22 months
Total Monthly Difference = 5,324 CAD
+ Cash Incentive** (CAD) + 2,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 8,124 ~ 9,024
** "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: 31,870 CAD
  • Total Vehicle Debt: 41,475 CAD
  • Paid so Far: 7,605 CAD (18% Paid)
  • Remaining Lease Payments: 12,870 CAD
  • Residual Value: 21,000 CAD
  • Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 7,605 CAD Total Vehicle Value: 41,475 CAD
18% Paid
82%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,870 CAD
Term Paid so Far: 7,605 CAD Residual Value: 21,000 CAD
0%
18%
31%
51%
Cost to Own
Already Paid: 7,605 CAD
Cash Incentive: 2,000 CAD Buyout Price Today: 31,870 CAD
18% Paid
4%
78%

Finance the remaining Debt Today

Remaining Term + Residual Value: 31,870 CAD

  • 2.9%Interest Rate x 48 months
  • 704 CAD/month + tax
  • Total Payable: 33,793 CAD
  • Total Interest: 1,923 CAD
  • 4.9%Interest Rate x 48 months
  • 733 CAD/month + tax
  • Total Payable: 35,160 CAD
  • Total Interest: 3,290 CAD
  • 5.9%Interest Rate x 48 months
  • 747 CAD/month + tax
  • Total Payable: 35,856 CAD
  • Total Interest: 3,986 CAD

At the end of the Lease Contract

Residual Value: 21,000 CAD (in 22 months)

  • 2.9%Interest Rate x 48 months
  • 464 CAD/month + tax
  • Total Payable: 22,267 CAD
  • Total Interest: 1,267 CAD
  • 4.9%Interest Rate x 48 months
  • 483 CAD/month + tax
  • Total Payable: 23,168 CAD
  • Total Interest: 2,168 CAD
  • 5.9%Interest Rate x 48 months
  • 492 CAD/month + tax
  • Total Payable: 23,627 CAD
  • Total Interest: 2,627 CAD