Volvo Lease Takeover in Vancouver, BC: 2021 Volvo XC60 Polestar Engineered Automatique AWD ID:#45357 • LeaseCosts Canada

Payment Analysis

1,106.00CAD/monthin Vancouver, BC

Before Taxes:

1,106.00 CAD/month
510.46 CAD/bi-weekly
255.23 CAD/week
13,272.00 CAD/year

Incl. B.C. Taxes (12%):

1,238.72 CAD/month
571.72 CAD/bi-weekly
285.86 CAD/week
14,864.64 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: 9,560 ~ 10,460 CAD

compared to leasing a BRAND NEW:

Volvo XC60 Ultimate B6 AWD mild hybrid
for 12 months
in British Columbia
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	1,690
This Contract (CAD/month)	1,106
Monthly Difference	584 CAD/month
Remaining Term	x 15 months
Total Monthly Difference	= 8,760 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 9,560 ~ 10,460

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 75,315 CAD

Total Vehicle Debt: 101,859 CAD
Paid so Far: 26,544 CAD (26% Paid)
Remaining Lease Payments: 16,590 CAD
Residual Value: 58,725 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 26,544 CAD Total Vehicle Value: 101,859 CAD

26% Paid

74%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 16,590 CAD

Term Paid so Far: 26,544 CAD Residual Value: 58,725 CAD

26%

16%

58%

Cost to Own

Already Paid: 26,544 CAD (26%)

Cash Incentive: 0 CAD Buyout Price Today: 75,315 CAD

26% Paid

74%

Additional Financing Details

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: 75,315 CAD

4.9%Interest Rate x 48 months
1,731 CAD/month + tax
Total Payable: 83,090 CAD
Total Interest: 7,775 CAD

8.9%Interest Rate x 48 months
1,871 CAD/month + tax
Total Payable: 89,791 CAD
Total Interest: 14,476 CAD

14.9%Interest Rate x 48 months
2,092 CAD/month + tax
Total Payable: 100,429 CAD
Total Interest: 25,113 CAD

At the end of the Lease Contract

Residual Value: 58,725 CAD (in 15 months)

4.9%Interest Rate x 48 months
1,350 CAD/month + tax
Total Payable: 64,788 CAD
Total Interest: 6,062 CAD

8.9%Interest Rate x 48 months
1,459 CAD/month + tax
Total Payable: 70,013 CAD
Total Interest: 11,287 CAD

14.9%Interest Rate x 48 months
1,631 CAD/month + tax
Total Payable: 78,307 CAD
Total Interest: 19,582 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)

53.52

+ tax
+ fuel
+ insurance

(or 0.54CAD per km)

66.36CAD/100km (Original Contract back in Apr, 2021)

Time Analysis

Cost per day: (CAD)

36.36

+ tax
+ insurance
+ km driven & fuel

(0.22CAD savings per every 100CAD of incentive)

Remaining Km

Can be driven up to:

476.92

km/week
without any
additional costs

Excess km cost: 0.10CAD

384.62km/week (Contract Original back in Apr, 2021)

Seller Contact Info

Name: Alex Smith
Location: Vancouver, BC
Date Contract Started: 2021-04-20
Date Contract Ends: 2024-07-20

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This is an amazing vehicle!! I love it to death - performs amazingly. The Polestar package is worth it for those who care about a car that handles well and has huge power. A true pleasure to drive. I'm only giving it up because I've moved to San Francisco and importing a Canadian car is too much hassle when it's leased!