Payment Analysis
492.05CAD/monthin Toronto, ON
- 492.05 CAD/month
- 227.10 CAD/bi-weekly
- 113.55 CAD/week
- 5,904.60 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 556.02 CAD/month
- 256.62 CAD/bi-weekly
- 128.31 CAD/week
- 6,672.20 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:
5,425 ~ 5,825 CAD
compared to leasing a BRAND NEW:
- Hyundai IONIQ hybrid Ultimate
- for 24 months
- in Ontario
- $0 down payment
- 28,000 km/year
| Leasing New (CAD/month) | 597 |
|---|---|
| This Contract (CAD/month) | 492 |
| Monthly Difference | 105 CAD/month |
| Remaining Term | x 25 months |
| Total Monthly Difference | = 2,625 CAD |
| + Cash Incentive** (CAD) | + 2,000 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 5,425 ~ 5,825 |
| ** "Cash Incentive" is not just a saving, it is physical money. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
21,345 CAD
- Total Vehicle Debt: 34,662 CAD
- Paid so Far: 11,317 CAD (32% Paid)
- Remaining Lease Payments: 12,301 CAD
- Residual Value: 11,044 CAD
- Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 11,317 CAD Total Vehicle Value: 34,662 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,301 CAD
Term Paid so Far: 11,317 CAD Residual Value: 11,044 CAD
Cost to Own
Already Paid: 11,317 CAD (32%)
Cash Incentive: 2,000 CAD Buyout Price Today: 21,345 CAD
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: 21,345 CAD
- 4.9%Interest Rate x 48 months
- 491 CAD/month + tax
- Total Payable: 23,549 CAD
- Total Interest: 2,204 CAD
- 8.9%Interest Rate x 48 months
- 530 CAD/month + tax
- Total Payable: 25,448 CAD
- Total Interest: 4,103 CAD
- 14.9%Interest Rate x 48 months
- 593 CAD/month + tax
- Total Payable: 28,463 CAD
- Total Interest: 7,117 CAD
At the end of the Lease Contract
Residual Value: 11,044 CAD (in 25 months)
- 4.9%Interest Rate x 48 months
- 254 CAD/month + tax
- Total Payable: 12,184 CAD
- Total Interest: 1,140 CAD
- 8.9%Interest Rate x 48 months
- 274 CAD/month + tax
- Total Payable: 13,167 CAD
- Total Interest: 2,123 CAD
- 14.9%Interest Rate x 48 months
- 307 CAD/month + tax
- Total Payable: 14,726 CAD
- Total Interest: 3,683 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)
18.73
- + tax
- + fuel
- + insurance
- 22.37CAD/100km (TODAY without the Cash Incentive)
- 24.60CAD/100km (Original Contract back in Oct, 2018)
Time Analysis
Cost per day: (CAD)
13.55
- + tax
- + insurance
- + km driven & fuel
- 16.18CAD/day (Original Contract back in Oct, 2018)
Remaining Km
Can be driven up to:
507.69
- km/week
- without any
- additional costs
- 461.54km/week (Contract Original back in Oct, 2018)
Seller Contact Info
This Contract was Already Transferred.
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