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: 33,999 ~ 35,299 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 53 months
Total Monthly Difference = 30,899 CAD
+ Cash Incentive** (CAD) + 1,500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 33,999 ~ 35,299
** "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: 68,837 CAD
  • Total Vehicle Debt: 76,644 CAD
  • Paid so Far: 6,307 CAD (8% Paid)
  • Remaining Lease Payments: 33,337 CAD
  • Residual Value: 37,000 CAD
  • Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 6,307 CAD Total Vehicle Value: 76,644 CAD
8% Paid
92%
Vehicle Debt Breakdown
Downpayment: 17,000 CAD Remaining Term: 33,337 CAD
Term Paid so Far: -10,693 CAD Residual Value: 37,000 CAD
21%
-13%
43%
49%
Cost to Own
Already Paid: 6,307 CAD (8%)
Cash Incentive: 1,500 CAD Buyout Price Today: 68,837 CAD
8% Paid
1%
91%
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: 68,837 CAD

  • 4.9%Interest Rate x 48 months
  • 1,582 CAD/month + tax
  • Total Payable: 75,943 CAD
  • Total Interest: 7,106 CAD
  • 8.9%Interest Rate x 48 months
  • 1,710 CAD/month + tax
  • Total Payable: 82,068 CAD
  • Total Interest: 13,231 CAD
  • 14.9%Interest Rate x 48 months
  • 1,912 CAD/month + tax
  • Total Payable: 91,790 CAD
  • Total Interest: 22,953 CAD

At the end of the Lease Contract

Residual Value: 37,000 CAD (in 53 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)
74.04
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,500CAD incentive)
Time Analysis
Cost per day: (CAD)
19.75
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,500CAD incentive)
Remaining Km
Can be driven up to:
187.23
  • km/week
  • without any
  • additional costs
Excess km cost: 0.18CAD

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