Payment Analysis

448.00CAD/monthin Hamilton, ON
    Before Taxes:
  • 448.00 CAD/month
  • 206.77 CAD/bi-weekly
  • 103.38 CAD/week
  • 5,376.00 CAD/year
Incl. Ontario Taxes (13%):
  • 506.24 CAD/month
  • 233.65 CAD/bi-weekly
  • 116.82 CAD/week
  • 6,074.88 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: 5,026 CAD

compared to leasing a BRAND NEW:

  • KIA Sportage SX AWD (financing with Extended Warranty)
  • for 60 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 502
This Contract (CAD/month) 448
Monthly Difference 54 CAD/month
Remaining Term x 19 months
Total Monthly Difference = 1,026 CAD
+ Cash Incentive** (CAD) + 4,000
Total Savings (CAD) = 5,026
** "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: 4,513 CAD
  • Total Vehicle Debt: 37,633 CAD
  • Paid so Far: 29,120 CAD (77% Paid)
  • Remaining Lease Payments: 8,512 CAD
  • Residual Value: 1 CAD
  • Cash Incentive: 4,000 CAD
Vehicle Debt & Value
Paid so far: 29,120 CAD Total Vehicle Value: 37,633 CAD
77% Paid
23%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,512 CAD
Term Paid so Far: 29,120 CAD Residual Value: 1 CAD
0%
77%
22%
1%
Cost to Own
Already Paid: 29,120 CAD (77%)
Cash Incentive: 4,000 CAD Buyout Price Today: 4,513 CAD
77% Paid
10%
13%
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: 4,513 CAD

  • 4.9%Interest Rate x 48 months
  • 104 CAD/month + tax
  • Total Payable: 4,979 CAD
  • Total Interest: 466 CAD
  • 8.9%Interest Rate x 48 months
  • 112 CAD/month + tax
  • Total Payable: 5,380 CAD
  • Total Interest: 867 CAD
  • 14.9%Interest Rate x 48 months
  • 125 CAD/month + tax
  • Total Payable: 6,018 CAD
  • Total Interest: 1,505 CAD

At the end of the Lease Contract

Residual Value: 1 CAD (in 19 months)

  • 4.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 8.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 CAD
  • 14.9%Interest Rate x 48 months
  • 0 CAD/month + tax
  • Total Payable: 1 CAD
  • Total Interest: 0 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)
3.39
  • + tax
  • + fuel
  • + insurance
(inlcuding the 4,000CAD incentive)
  • 6.40CAD/100km (TODAY without the Cash Incentive)
  • 13.44CAD/100km (Original Contract back in Jul, 2019)
Time Analysis
Cost per day: (CAD)
7.81
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 4,000CAD incentive)
  • 14.73CAD/day (Original Contract back in Jul, 2019)
Remaining Km
Can be driven up to:
1,615.38
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 769.23km/week (Contract Original back in Jul, 2019)

Seller Contact Info

This Contract was Already Transferred.

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