Payment Analysis

422.00CAD/monthin Toronto, ON
    Before Taxes:
  • 422.00 CAD/month
  • 194.77 CAD/bi-weekly
  • 97.38 CAD/week
  • 5,064.00 CAD/year
Incl. Ontario Taxes (13%):
  • 476.86 CAD/month
  • 220.09 CAD/bi-weekly
  • 110.04 CAD/week
  • 5,722.32 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: 9,263 ~ 10,163 CAD

compared to leasing a BRAND NEW:

  • KIA Sportage SX Turbo
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 639
This Contract (CAD/month) 422
Monthly Difference 217 CAD/month
Remaining Term x 39 months
Total Monthly Difference = 8,463 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 9,263 ~ 10,163

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 34,958 CAD
  • Total Vehicle Debt: 43,158 CAD
  • Paid so Far: 8,200 CAD (18% Paid)
  • Remaining Lease Payments: 16,458 CAD
  • Residual Value: 18,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,200 CAD Total Vehicle Value: 43,158 CAD
18% Paid
82%
Vehicle Debt Breakdown
Downpayment: 8,200 CAD Remaining Term: 16,458 CAD
Term Paid so Far: 0 CAD Residual Value: 18,500 CAD
18%
0%
38%
44%
Cost to Own
Already Paid: 8,200 CAD (18%)
Cash Incentive: 0 CAD Buyout Price Today: 34,958 CAD
18% Paid
0%
82%
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: 34,958 CAD

  • 4.9%Interest Rate x 48 months
  • 803 CAD/month + tax
  • Total Payable: 38,567 CAD
  • Total Interest: 3,609 CAD
  • 8.9%Interest Rate x 48 months
  • 868 CAD/month + tax
  • Total Payable: 41,677 CAD
  • Total Interest: 6,719 CAD
  • 14.9%Interest Rate x 48 months
  • 971 CAD/month + tax
  • Total Payable: 46,615 CAD
  • Total Interest: 11,657 CAD

At the end of the Lease Contract

Residual Value: 18,500 CAD (in 39 months)

  • 4.9%Interest Rate x 48 months
  • 425 CAD/month + tax
  • Total Payable: 20,410 CAD
  • Total Interest: 1,910 CAD
  • 8.9%Interest Rate x 48 months
  • 459 CAD/month + tax
  • Total Payable: 22,056 CAD
  • Total Interest: 3,556 CAD
  • 14.9%Interest Rate x 48 months
  • 514 CAD/month + tax
  • Total Payable: 24,669 CAD
  • Total Interest: 6,169 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)
23.08
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
Time Analysis
Cost per day: (CAD)
13.87
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
421.89
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD

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