Payment Analysis

361.44CAD/monthin Kelowna, BC
    Before Taxes:
  • 361.44 CAD/month
  • 166.82 CAD/bi-weekly
  • 83.41 CAD/week
  • 4,337.28 CAD/year
Incl. B.C. Taxes (12%):
  • 404.81 CAD/month
  • 186.84 CAD/bi-weekly
  • 93.42 CAD/week
  • 4,857.75 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: 1,485 CAD

compared to leasing a BRAND NEW:

  • Volkswagen Golf Sportwagen
  • for 36 months
  • in British Columbia
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 394
This Contract (CAD/month) 361
Monthly Difference 33 CAD/month
Remaining Term x 45 months
Total Monthly Difference = 1,485 CAD
Total Savings (CAD) = 1,485

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 29,270 CAD
  • Total Vehicle Debt: 31,993 CAD
  • Paid so Far: 2,723 CAD (8% Paid)
  • Remaining Lease Payments: 16,265 CAD
  • Residual Value: 13,005 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 2,723 CAD Total Vehicle Value: 31,993 CAD
8% Paid
92%
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 16,265 CAD
Term Paid so Far: 723 CAD Residual Value: 13,005 CAD
5%
3%
51%
41%
Cost to Own
Already Paid: 2,723 CAD (8%)
Cash Incentive: 0 CAD Buyout Price Today: 29,270 CAD
8% Paid
0%
92%
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: 29,270 CAD

  • 4.9%Interest Rate x 48 months
  • 673 CAD/month + tax
  • Total Payable: 32,291 CAD
  • Total Interest: 3,022 CAD
  • 8.9%Interest Rate x 48 months
  • 727 CAD/month + tax
  • Total Payable: 34,896 CAD
  • Total Interest: 5,626 CAD
  • 14.9%Interest Rate x 48 months
  • 813 CAD/month + tax
  • Total Payable: 39,030 CAD
  • Total Interest: 9,760 CAD

At the end of the Lease Contract

Residual Value: 13,005 CAD (in 45 months)

  • 4.9%Interest Rate x 48 months
  • 299 CAD/month + tax
  • Total Payable: 14,348 CAD
  • Total Interest: 1,343 CAD
  • 8.9%Interest Rate x 48 months
  • 323 CAD/month + tax
  • Total Payable: 15,505 CAD
  • Total Interest: 2,500 CAD
  • 14.9%Interest Rate x 48 months
  • 361 CAD/month + tax
  • Total Payable: 17,341 CAD
  • Total Interest: 4,336 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)
35.61
  • + tax
  • + fuel
  • + insurance
(or 0.36CAD per km)
Time Analysis
Cost per day: (CAD)
11.88
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
234.25
  • km/week
  • without any
  • additional costs
Excess km cost: 0.15CAD