Payment Analysis

316.16CAD/monthin Oshawa, ON
    Before Taxes:
  • 316.16 CAD/month
  • 145.92 CAD/bi-weekly
  • 72.96 CAD/week
  • 3,793.92 CAD/year
Incl. Ontario Taxes (13%):
  • 357.26 CAD/month
  • 164.89 CAD/bi-weekly
  • 82.44 CAD/week
  • 4,287.13 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: 3,097 ~ 3,997 CAD

compared to leasing a BRAND NEW:

  • Hyundai Elantra Preferred Manual 2WD
  • for 39 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 343
This Contract (CAD/month) 316
Monthly Difference 27 CAD/month
Remaining Term x 11 months
Total Monthly Difference = 297 CAD
+ Cash Incentive** (CAD) + 2,000
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,097 ~ 3,997
** "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: 9,911 CAD
  • Total Vehicle Debt: 27,403 CAD
  • Paid so Far: 15,492 CAD (56% Paid)
  • Remaining Lease Payments: 3,478 CAD
  • Residual Value: 8,433 CAD
  • Cash Incentive: 2,000 CAD
Vehicle Debt & Value
Paid so far: 15,492 CAD Total Vehicle Value: 27,403 CAD
56% Paid
44%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 3,478 CAD
Term Paid so Far: 15,492 CAD Residual Value: 8,433 CAD
0%
56%
12%
32%
Cost to Own
Already Paid: 15,492 CAD (56%)
Cash Incentive: 2,000 CAD Buyout Price Today: 9,911 CAD
56% Paid
7%
37%
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: 9,911 CAD

  • 4.9%Interest Rate x 48 months
  • 228 CAD/month + tax
  • Total Payable: 10,934 CAD
  • Total Interest: 1,023 CAD
  • 8.9%Interest Rate x 48 months
  • 246 CAD/month + tax
  • Total Payable: 11,816 CAD
  • Total Interest: 1,905 CAD
  • 14.9%Interest Rate x 48 months
  • 275 CAD/month + tax
  • Total Payable: 13,216 CAD
  • Total Interest: 3,305 CAD

At the end of the Lease Contract

Residual Value: 8,433 CAD (in 11 months)

  • 4.9%Interest Rate x 48 months
  • 194 CAD/month + tax
  • Total Payable: 9,304 CAD
  • Total Interest: 871 CAD
  • 8.9%Interest Rate x 48 months
  • 209 CAD/month + tax
  • Total Payable: 10,054 CAD
  • Total Interest: 1,621 CAD
  • 14.9%Interest Rate x 48 months
  • 234 CAD/month + tax
  • Total Payable: 11,245 CAD
  • Total Interest: 2,812 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)
1.72
  • + tax
  • + fuel
  • + insurance
(inlcuding the 2,000CAD incentive)
  • 4.04CAD/100km (TODAY without the Cash Incentive)
  • 18.97CAD/100km (Original Contract back in Nov, 2020)
Time Analysis
Cost per day: (CAD)
4.42
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 2,000CAD incentive)
  • 10.39CAD/day (Original Contract back in Nov, 2020)
Remaining Km
Can be driven up to:
1,804.20
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Nov, 2020)

Seller Contact Info

This Contract was Already Transferred.

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