Payment Analysis

440.20CAD/monthin Oakville, ON
    Before Taxes:
  • 440.20 CAD/month
  • 203.17 CAD/bi-weekly
  • 101.58 CAD/week
  • 5,282.40 CAD/year
Incl. Ontario Taxes (13%):
  • 497.43 CAD/month
  • 229.58 CAD/bi-weekly
  • 114.79 CAD/week
  • 5,969.11 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: 5,873 CAD

compared to leasing a BRAND NEW:

  • 2023 Volvo XC60 B6 AWD Core w/ Climate package (+1,000) + Park assist, rear and front (+200)
  • for 12 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,309
This Contract (CAD/month) 440
Monthly Difference 869 CAD/month
Remaining Term x 17 months
Total Monthly Difference = 14,773 CAD
- Required Payment** (CAD) - 8,900
Total Savings (CAD) = 5,873
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 59,007 CAD
  • Total Vehicle Debt: 55,189 CAD
  • Paid so Far: 5,081 CAD (9% Paid)
  • Remaining Lease Payments: 7,483 CAD
  • Residual Value: 42,624 CAD
  • Required Payment: 8,900 CAD
Vehicle Debt & Value
Paid so far: 5,081 CAD Total Vehicle Value: 55,189 CAD
9% Paid
91%
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 7,483 CAD
Term Paid so Far: 3,081 CAD Residual Value: 42,624 CAD
3%
6%
13%
78%
Cost to Own
Already Paid: 5,081 CAD (9%)
Required Payment: 8,900 CAD (16%)Buyout Price Today: 59,007 CAD
-7% Paid
16%
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: 59,007 CAD

  • 4.9%Interest Rate x 48 months
  • 1,356 CAD/month + tax
  • Total Payable: 65,099 CAD
  • Total Interest: 6,092 CAD
  • 8.9%Interest Rate x 48 months
  • 1,466 CAD/month + tax
  • Total Payable: 70,349 CAD
  • Total Interest: 11,341 CAD
  • 14.9%Interest Rate x 48 months
  • 1,639 CAD/month + tax
  • Total Payable: 78,683 CAD
  • Total Interest: 19,676 CAD

At the end of the Lease Contract

Residual Value: 42,624 CAD (in 17 months)

  • 4.9%Interest Rate x 48 months
  • 980 CAD/month + tax
  • Total Payable: 47,024 CAD
  • Total Interest: 4,400 CAD
  • 8.9%Interest Rate x 48 months
  • 1,059 CAD/month + tax
  • Total Payable: 50,817 CAD
  • Total Interest: 8,193 CAD
  • 14.9%Interest Rate x 48 months
  • 1,184 CAD/month + tax
  • Total Payable: 56,837 CAD
  • Total Interest: 14,213 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)
54.61
  • + tax
  • + fuel
  • + insurance
(inlcuding the 8,900CAD incentive)
  • 24.94CAD/100km (TODAY without the Cash Incentive)
  • 26.41CAD/100km (Original Contract back in Jan, 2023)
Time Analysis
Cost per day: (CAD)
31.68
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 8,900CAD incentive)
  • 14.47CAD/day (Original Contract back in Jan, 2023)
Remaining Km
Can be driven up to:
407.24
  • km/week
  • without any
  • additional costs
Excess km cost: 0.16CAD
  • 384.62km/week (Contract Original back in Jan, 2023)

Seller Contact Info

This Contract was Already Transferred.

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