KIA Lease Takeover in Toronto, ON: 2020 KIA Sedona LX Automatique 2WD ID:#23947 • LeaseCosts Canada

+taxX 23 months

(Cash Incentive of 9,000CAD is applied)

This vehicle is SOLD

Payment Analysis

447.00CAD/monthin Toronto, ON

Before Taxes:

447.00 CAD/month
206.31 CAD/bi-weekly
103.15 CAD/week
5,364.00 CAD/year

Incl. Ontario Taxes (13%):

505.11 CAD/month
233.13 CAD/bi-weekly
116.56 CAD/week
6,061.32 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: 13,641 ~ 14,041 CAD

compared to leasing a BRAND NEW:

KIA Sedona LX (FINANCE TAKEOVER)
for 60 months
in Ontario
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	614
This Contract (CAD/month)	447
Monthly Difference	167 CAD/month
Remaining Term	x 23 months
Total Monthly Difference	= 3,841 CAD
+ Cash Incentive** (CAD)	+ 9,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
Total Savings (CAD)	= 13,641 ~ 14,041
	** "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: 1,282 CAD

Total Vehicle Debt: 37,549 CAD
Paid so Far: 27,267 CAD (72% Paid)
Remaining Lease Payments: 10,281 CAD
Residual Value: 1 CAD
Cash Incentive: 9,000 CAD

Vehicle Debt & Value

Paid so far: 27,267 CAD Total Vehicle Value: 37,549 CAD

72% Paid

28%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 10,281 CAD

Term Paid so Far: 27,267 CAD Residual Value: 1 CAD

72%

27%

Cost to Own

Already Paid: 27,267 CAD (72%)

Cash Incentive: 9,000 CAD Buyout Price Today: 1,282 CAD

72% Paid

24%

Additional Financing Details

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: 1,282 CAD

4.9%Interest Rate x 48 months
29 CAD/month + tax
Total Payable: 1,414 CAD
Total Interest: 132 CAD

8.9%Interest Rate x 48 months
32 CAD/month + tax
Total Payable: 1,528 CAD
Total Interest: 246 CAD

14.9%Interest Rate x 48 months
36 CAD/month + tax
Total Payable: 1,709 CAD
Total Interest: 427 CAD

At the end of the Lease Contract

Residual Value: 1 CAD (in 23 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)

1.04

+ tax
+ fuel
+ insurance

(inlcuding the 9,000CAD incentive)

8.36CAD/100km (TODAY without the Cash Incentive)
26.82CAD/100km (Original Contract back in Oct, 2019)

Time Analysis

Cost per day: (CAD)

1.83

+ tax
+ insurance
+ km driven & fuel