Payment Analysis

296.00CAD/monthin Toronto, ON
    Before Taxes:
  • 296.00 CAD/month
  • 136.62 CAD/bi-weekly
  • 68.31 CAD/week
  • 3,552.00 CAD/year
Incl. Ontario Taxes (13%):
  • 334.48 CAD/month
  • 154.38 CAD/bi-weekly
  • 77.19 CAD/week
  • 4,013.76 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: 3,074 ~ 4,374 CAD

compared to leasing a BRAND NEW:

  • Hyundai Elantra GLS Automatic 2WD
  • for 33 months
  • in Ontario
  • $0 down payment
  • 28,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 363
This Contract (CAD/month) 296
Monthly Difference 67 CAD/month
Remaining Term x 22 months
Total Monthly Difference = 1,474 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,074 ~ 4,374

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 14,044 CAD
  • Total Vehicle Debt: 24,996 CAD
  • Paid so Far: 10,952 CAD (43% Paid)
  • Remaining Lease Payments: 6,512 CAD
  • Residual Value: 7,532 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 10,952 CAD Total Vehicle Value: 24,996 CAD
43% Paid
57%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,512 CAD
Term Paid so Far: 10,952 CAD Residual Value: 7,532 CAD
0%
43%
26%
31%
Cost to Own
Already Paid: 10,952 CAD (43%)
Cash Incentive: 0 CAD Buyout Price Today: 14,044 CAD
43% Paid
0%
57%
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: 14,044 CAD

  • 4.9%Interest Rate x 48 months
  • 323 CAD/month + tax
  • Total Payable: 15,494 CAD
  • Total Interest: 1,450 CAD
  • 8.9%Interest Rate x 48 months
  • 349 CAD/month + tax
  • Total Payable: 16,744 CAD
  • Total Interest: 2,699 CAD
  • 14.9%Interest Rate x 48 months
  • 390 CAD/month + tax
  • Total Payable: 18,727 CAD
  • Total Interest: 4,683 CAD

At the end of the Lease Contract

Residual Value: 7,532 CAD (in 22 months)

  • 4.9%Interest Rate x 48 months
  • 173 CAD/month + tax
  • Total Payable: 8,310 CAD
  • Total Interest: 778 CAD
  • 8.9%Interest Rate x 48 months
  • 187 CAD/month + tax
  • Total Payable: 8,980 CAD
  • Total Interest: 1,448 CAD
  • 14.9%Interest Rate x 48 months
  • 209 CAD/month + tax
  • Total Payable: 10,044 CAD
  • Total Interest: 2,512 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)
9.82
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 17.76CAD/100km (Original Contract back in Jan, 2018)
Time Analysis
Cost per day: (CAD)
9.73
  • + tax
  • + insurance
  • + km driven & fuel
(0.15CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
695.80
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jan, 2018)

Seller Contact Info

This Contract was Already Transferred.

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