Payment Analysis

272.92CAD/monthin Mississauga, ON
    Before Taxes:
  • 272.92 CAD/month
  • 125.96 CAD/bi-weekly
  • 62.98 CAD/week
  • 3,275.04 CAD/year
Incl. Ontario Taxes (13%):
  • 308.40 CAD/month
  • 142.34 CAD/bi-weekly
  • 71.17 CAD/week
  • 3,700.80 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: 1,486 ~ 2,386 CAD

compared to leasing a BRAND NEW:

  • Hyundai ELANTRA Preferred with Sun and Safety package Auto IVT
  • for 39 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 321
This Contract (CAD/month) 273
Monthly Difference 49 CAD/month
Remaining Term x 14 months
Total Monthly Difference = 686 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,486 ~ 2,386

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,773 CAD
  • Total Vehicle Debt: 25,052 CAD
  • Paid so Far: 9,279 CAD (37% Paid)
  • Remaining Lease Payments: 3,821 CAD
  • Residual Value: 11,952 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 9,279 CAD Total Vehicle Value: 25,052 CAD
37% Paid
63%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 3,821 CAD
Term Paid so Far: 9,279 CAD Residual Value: 11,952 CAD
0%
37%
15%
48%
Cost to Own
Already Paid: 9,279 CAD (37%)
Cash Incentive: 0 CAD Buyout Price Today: 15,773 CAD
37% Paid
0%
63%
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: 15,773 CAD

  • 4.9%Interest Rate x 48 months
  • 363 CAD/month + tax
  • Total Payable: 17,401 CAD
  • Total Interest: 1,628 CAD
  • 8.9%Interest Rate x 48 months
  • 392 CAD/month + tax
  • Total Payable: 18,804 CAD
  • Total Interest: 3,032 CAD
  • 14.9%Interest Rate x 48 months
  • 438 CAD/month + tax
  • Total Payable: 21,032 CAD
  • Total Interest: 5,259 CAD

At the end of the Lease Contract

Residual Value: 11,952 CAD (in 14 months)

  • 4.9%Interest Rate x 48 months
  • 275 CAD/month + tax
  • Total Payable: 13,186 CAD
  • Total Interest: 1,234 CAD
  • 8.9%Interest Rate x 48 months
  • 297 CAD/month + tax
  • Total Payable: 14,249 CAD
  • Total Interest: 2,297 CAD
  • 14.9%Interest Rate x 48 months
  • 332 CAD/month + tax
  • Total Payable: 15,937 CAD
  • Total Interest: 3,985 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)
5.21
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 16.38CAD/100km (Original Contract back in Sep, 2019)
Time Analysis
Cost per day: (CAD)
8.97
  • + tax
  • + insurance
  • + km driven & fuel
(0.23CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,209.48
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Sep, 2019)

Seller Contact Info

This Contract was Already Transferred.

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