Payment Analysis

304.33CAD/monthin Toronto, ON
    Before Taxes:
  • 304.33 CAD/month
  • 140.46 CAD/bi-weekly
  • 70.23 CAD/week
  • 3,651.96 CAD/year
Incl. Ontario Taxes (13%):
  • 343.89 CAD/month
  • 158.72 CAD/bi-weekly
  • 79.36 CAD/week
  • 4,126.71 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: 28,583 ~ 29,483 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Jetta
  • for 12 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 872
This Contract (CAD/month) 304
Monthly Difference 567 CAD/month
Remaining Term x 49 months
Total Monthly Difference = 27,783 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 28,583 ~ 29,483

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 24,379 CAD
  • Total Vehicle Debt: 24,075 CAD
  • Paid so Far: -304 CAD (-2% Paid)
  • Remaining Lease Payments: 14,912 CAD
  • Residual Value: 9,467 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: -304 CAD Total Vehicle Value: 24,075 CAD
-2% Paid
102%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 14,912 CAD
Term Paid so Far: -304 CAD Residual Value: 9,467 CAD
0%
-2%
62%
40%
Cost to Own
Already Paid: -304 CAD (-2%)
Cash Incentive: 0 CAD Buyout Price Today: 24,379 CAD
-2% Paid
0%
102%
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: 24,379 CAD

  • 4.9%Interest Rate x 48 months
  • 560 CAD/month + tax
  • Total Payable: 26,896 CAD
  • Total Interest: 2,517 CAD
  • 8.9%Interest Rate x 48 months
  • 606 CAD/month + tax
  • Total Payable: 29,065 CAD
  • Total Interest: 4,686 CAD
  • 14.9%Interest Rate x 48 months
  • 677 CAD/month + tax
  • Total Payable: 32,508 CAD
  • Total Interest: 8,129 CAD

At the end of the Lease Contract

Residual Value: 9,467 CAD (in 49 months)

  • 4.9%Interest Rate x 48 months
  • 218 CAD/month + tax
  • Total Payable: 10,444 CAD
  • Total Interest: 977 CAD
  • 8.9%Interest Rate x 48 months
  • 235 CAD/month + tax
  • Total Payable: 11,286 CAD
  • Total Interest: 1,820 CAD
  • 14.9%Interest Rate x 48 months
  • 263 CAD/month + tax
  • Total Payable: 12,624 CAD
  • Total Interest: 3,157 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)
64.84
  • + tax
  • + fuel
  • + insurance
(or 0.65CAD per km)
Time Analysis
Cost per day: (CAD)
10.01
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
108.32
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD

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