Payment Analysis

610.72CAD/monthin Ottawa, ON
    Before Taxes:
  • 610.72 CAD/month
  • 281.87 CAD/bi-weekly
  • 140.94 CAD/week
  • 7,328.64 CAD/year
Incl. Ontario Taxes (13%):
  • 690.11 CAD/month
  • 318.51 CAD/bi-weekly
  • 159.26 CAD/week
  • 8,281.36 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: 396 ~ 1,696 CAD

compared to leasing a BRAND NEW:

  • HYUNDAI SONATA Hybrid Ultimate
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 524
This Contract (CAD/month) 611
Monthly Difference -86 CAD/month
Remaining Term x 14 months
Total Monthly Difference = -1,204 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 396 ~ 1,696

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 24,136 CAD
  • Total Vehicle Debt: 52,229 CAD
  • Paid so Far: 28,093 CAD (53% Paid)
  • Remaining Lease Payments: 8,550 CAD
  • Residual Value: 15,586 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 28,093 CAD Total Vehicle Value: 52,229 CAD
53% Paid
47%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,550 CAD
Term Paid so Far: 28,093 CAD Residual Value: 15,586 CAD
0%
53%
16%
31%
Cost to Own
Already Paid: 28,093 CAD (53%)
Cash Incentive: 0 CAD Buyout Price Today: 24,136 CAD
53% Paid
0%
47%
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: 24,136 CAD

  • 4.9%Interest Rate x 48 months
  • 555 CAD/month + tax
  • Total Payable: 26,628 CAD
  • Total Interest: 2,492 CAD
  • 8.9%Interest Rate x 48 months
  • 599 CAD/month + tax
  • Total Payable: 28,775 CAD
  • Total Interest: 4,639 CAD
  • 14.9%Interest Rate x 48 months
  • 670 CAD/month + tax
  • Total Payable: 32,184 CAD
  • Total Interest: 8,048 CAD

At the end of the Lease Contract

Residual Value: 15,586 CAD (in 14 months)

  • 4.9%Interest Rate x 48 months
  • 358 CAD/month + tax
  • Total Payable: 17,195 CAD
  • Total Interest: 1,609 CAD
  • 8.9%Interest Rate x 48 months
  • 387 CAD/month + tax
  • Total Payable: 18,582 CAD
  • Total Interest: 2,996 CAD
  • 14.9%Interest Rate x 48 months
  • 433 CAD/month + tax
  • Total Payable: 20,783 CAD
  • Total Interest: 5,197 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)
9.19
  • + tax
  • + fuel
  • + insurance
(or 0.09CAD per km)
  • 36.64CAD/100km (Original Contract back in Jun, 2021)
Time Analysis
Cost per day: (CAD)
20.08
  • + tax
  • + insurance
  • + km driven & fuel
(0.23CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,532.97
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jun, 2021)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 659 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 621 CAD/month + tax
  • Residual Value: 24,995 CAD
  • Months to End: 26 months (Jun, 2027)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 40,739 km total
  • Available Now: 18,120 km/year (1,510 per month)
  • Excess Km Cost: 0.12 CAD/km
See all Details