Payment Analysis

629.00CAD/monthin Toronto, ON
    Before Taxes:
  • 629.00 CAD/month
  • 290.31 CAD/bi-weekly
  • 145.15 CAD/week
  • 7,548.00 CAD/year
Incl. Ontario Taxes (13%):
  • 710.77 CAD/month
  • 328.05 CAD/bi-weekly
  • 164.02 CAD/week
  • 8,529.24 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: 42,161 ~ 43,461 CAD

compared to leasing a BRAND NEW:

  • Audi RS 3
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,213
This Contract (CAD/month) 629
Monthly Difference 583 CAD/month
Remaining Term x 67 months
Total Monthly Difference = 39,061 CAD
+ Cash Incentive** (CAD) + 1,500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 42,161 ~ 43,461
** "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: 77,643 CAD
  • Total Vehicle Debt: 76,644 CAD
  • Paid so Far: -2,499 CAD (-4% Paid)
  • Remaining Lease Payments: 42,143 CAD
  • Residual Value: 37,000 CAD
  • Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: -2,499 CAD Total Vehicle Value: 76,644 CAD
-4% Paid
104%
Vehicle Debt Breakdown
Downpayment: 17,000 CAD Remaining Term: 42,143 CAD
Term Paid so Far: -19,499 CAD Residual Value: 37,000 CAD
27%
-31%
55%
49%
Cost to Own
Already Paid: -2,499 CAD (-4%)
Cash Incentive: 1,500 CAD Buyout Price Today: 77,643 CAD
-4% Paid
1%
103%
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: 77,643 CAD

  • 4.9%Interest Rate x 48 months
  • 1,785 CAD/month + tax
  • Total Payable: 85,658 CAD
  • Total Interest: 8,015 CAD
  • 8.9%Interest Rate x 48 months
  • 1,928 CAD/month + tax
  • Total Payable: 92,566 CAD
  • Total Interest: 14,923 CAD
  • 14.9%Interest Rate x 48 months
  • 2,157 CAD/month + tax
  • Total Payable: 103,533 CAD
  • Total Interest: 25,890 CAD

At the end of the Lease Contract

Residual Value: 37,000 CAD (in 67 months)

  • 4.9%Interest Rate x 48 months
  • 850 CAD/month + tax
  • Total Payable: 40,820 CAD
  • Total Interest: 3,820 CAD
  • 8.9%Interest Rate x 48 months
  • 919 CAD/month + tax
  • Total Payable: 44,112 CAD
  • Total Interest: 7,112 CAD
  • 14.9%Interest Rate x 48 months
  • 1,028 CAD/month + tax
  • Total Payable: 49,337 CAD
  • Total Interest: 12,337 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)
94.52
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,500CAD incentive)
Time Analysis
Cost per day: (CAD)
19.94
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,500CAD incentive)
Remaining Km
Can be driven up to:
148.11
  • km/week
  • without any
  • additional costs
Excess km cost: 0.18CAD

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