Payment Analysis

563.06CAD/monthin Toronto, ON
    Before Taxes:
  • 563.06 CAD/month
  • 259.87 CAD/bi-weekly
  • 129.94 CAD/week
  • 6,756.72 CAD/year
Incl. Ontario Taxes (13%):
  • 636.26 CAD/month
  • 293.66 CAD/bi-weekly
  • 146.83 CAD/week
  • 7,635.09 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: 1,232 ~ 2,132 CAD

compared to leasing a BRAND NEW:

  • KIA Stinger GT 2020
  • for 60 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 590
This Contract (CAD/month) 563
Monthly Difference 27 CAD/month
Remaining Term x 16 months
Total Monthly Difference = 432 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,232 ~ 2,132

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 58,502 CAD
  • Total Vehicle Debt: 101,227 CAD
  • Paid so Far: 42,725 CAD (42% Paid)
  • Remaining Lease Payments: 9,009 CAD
  • Residual Value: 49,493 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 42,725 CAD Total Vehicle Value: 101,227 CAD
42% Paid
58%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 9,009 CAD
Term Paid so Far: 37,725 CAD Residual Value: 49,493 CAD
4%
38%
8%
50%
Cost to Own
Already Paid: 42,725 CAD (42%)
Cash Incentive: 0 CAD Buyout Price Today: 58,502 CAD
42% Paid
0%
58%
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: 58,502 CAD

  • 4.9%Interest Rate x 48 months
  • 1,345 CAD/month + tax
  • Total Payable: 64,542 CAD
  • Total Interest: 6,039 CAD
  • 8.9%Interest Rate x 48 months
  • 1,453 CAD/month + tax
  • Total Payable: 69,747 CAD
  • Total Interest: 11,244 CAD
  • 14.9%Interest Rate x 48 months
  • 1,625 CAD/month + tax
  • Total Payable: 78,010 CAD
  • Total Interest: 19,507 CAD

At the end of the Lease Contract

Residual Value: 49,493 CAD (in 16 months)

  • 4.9%Interest Rate x 48 months
  • 1,138 CAD/month + tax
  • Total Payable: 54,603 CAD
  • Total Interest: 5,109 CAD
  • 8.9%Interest Rate x 48 months
  • 1,229 CAD/month + tax
  • Total Payable: 59,006 CAD
  • Total Interest: 9,513 CAD
  • 14.9%Interest Rate x 48 months
  • 1,375 CAD/month + tax
  • Total Payable: 65,997 CAD
  • Total Interest: 16,503 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)
7.97
  • + tax
  • + fuel
  • + insurance
(or 0.08CAD per km)
  • 33.78CAD/100km (Original Contract back in Sep, 2019)
Time Analysis
Cost per day: (CAD)
18.51
  • + tax
  • + insurance
  • + km driven & fuel
(0.21CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,630.29
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Sep, 2019)

Seller Contact Info

This Contract was Already Transferred.

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