Payment Analysis

620.24CAD/monthin Edmonton, AB
    Before Taxes:
  • 620.24 CAD/month
  • 286.26 CAD/bi-weekly
  • 143.13 CAD/week
  • 7,442.88 CAD/year
Incl. Alberta Taxes (5%):
  • 651.25 CAD/month
  • 300.58 CAD/bi-weekly
  • 150.29 CAD/week
  • 7,815.02 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: 2,615 ~ 3,015 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Golf R 5 door 2.0 TSI 288 HP 7-speed, automatic DSG with Tiptronic® 4MOTION w/ Driver Assistance Package & Orange Magma Custom Color (2,995CAD)
  • for 42 months
  • in Alberta
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 675
This Contract (CAD/month) 620
Monthly Difference 55 CAD/month
Remaining Term x 33 months
Total Monthly Difference = 1,815 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,615 ~ 3,015

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 47,493 CAD
  • Total Vehicle Debt: 56,797 CAD
  • Paid so Far: 9,304 CAD (16% Paid)
  • Remaining Lease Payments: 20,468 CAD
  • Residual Value: 27,026 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 9,304 CAD Total Vehicle Value: 56,797 CAD
16% Paid
84%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 20,468 CAD
Term Paid so Far: 9,304 CAD Residual Value: 27,026 CAD
0%
16%
36%
48%
Cost to Own
Already Paid: 9,304 CAD (16%)
Cash Incentive: 0 CAD Buyout Price Today: 47,493 CAD
16% Paid
0%
84%
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: 47,493 CAD

  • 4.9%Interest Rate x 48 months
  • 1,092 CAD/month + tax
  • Total Payable: 52,396 CAD
  • Total Interest: 4,903 CAD
  • 8.9%Interest Rate x 48 months
  • 1,180 CAD/month + tax
  • Total Payable: 56,622 CAD
  • Total Interest: 9,128 CAD
  • 14.9%Interest Rate x 48 months
  • 1,319 CAD/month + tax
  • Total Payable: 63,330 CAD
  • Total Interest: 15,836 CAD

At the end of the Lease Contract

Residual Value: 27,026 CAD (in 33 months)

  • 4.9%Interest Rate x 48 months
  • 621 CAD/month + tax
  • Total Payable: 29,815 CAD
  • Total Interest: 2,790 CAD
  • 8.9%Interest Rate x 48 months
  • 671 CAD/month + tax
  • Total Payable: 32,220 CAD
  • Total Interest: 5,194 CAD
  • 14.9%Interest Rate x 48 months
  • 751 CAD/month + tax
  • Total Payable: 36,037 CAD
  • Total Interest: 9,011 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)
36.10
  • + tax
  • + fuel
  • + insurance
(or 0.36CAD per km)
  • 46.52CAD/100km (Original Contract back in Jul, 2018)
Time Analysis
Cost per day: (CAD)
20.39
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
396.50
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD
  • 307.69km/week (Contract Original back in Jul, 2018)

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n/a Automatique AWD

Payment Details
  • Current Payment: 0 CAD/month + tax
  • Months to End: 8 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