Payment Analysis

550.00CAD/monthin Milton, ON
    Before Taxes:
  • 550.00 CAD/month
  • 253.85 CAD/bi-weekly
  • 126.92 CAD/week
  • 6,600.00 CAD/year
Incl. Ontario Taxes (13%):
  • 621.50 CAD/month
  • 286.85 CAD/bi-weekly
  • 143.42 CAD/week
  • 7,458.00 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: 3,996 ~ 4,896 CAD

compared to leasing a BRAND NEW:

  • 2023 KIA Sportage X-Line Limited w/ Wear & Tear Coverage
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 644
This Contract (CAD/month) 550
Monthly Difference 94 CAD/month
Remaining Term x 34 months
Total Monthly Difference = 3,196 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,996 ~ 4,896

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,700 CAD
  • Total Vehicle Debt: 61,000 CAD
  • Paid so Far: 19,300 CAD (31% Paid)
  • Remaining Lease Payments: 18,700 CAD
  • Residual Value: 23,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,300 CAD Total Vehicle Value: 61,000 CAD
31% Paid
69%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 18,700 CAD
Term Paid so Far: 14,300 CAD Residual Value: 23,000 CAD
8%
23%
30%
39%
Cost to Own
Already Paid: 19,300 CAD (31%)
Cash Incentive: 0 CAD Buyout Price Today: 41,700 CAD
31% Paid
0%
69%
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: 41,700 CAD

  • 4.9%Interest Rate x 48 months
  • 958 CAD/month + tax
  • Total Payable: 46,005 CAD
  • Total Interest: 4,305 CAD
  • 8.9%Interest Rate x 48 months
  • 1,036 CAD/month + tax
  • Total Payable: 49,715 CAD
  • Total Interest: 8,015 CAD
  • 14.9%Interest Rate x 48 months
  • 1,158 CAD/month + tax
  • Total Payable: 55,605 CAD
  • Total Interest: 13,905 CAD

At the end of the Lease Contract

Residual Value: 23,000 CAD (in 34 months)

  • 4.9%Interest Rate x 48 months
  • 529 CAD/month + tax
  • Total Payable: 25,374 CAD
  • Total Interest: 2,374 CAD
  • 8.9%Interest Rate x 48 months
  • 571 CAD/month + tax
  • Total Payable: 27,421 CAD
  • Total Interest: 4,421 CAD
  • 14.9%Interest Rate x 48 months
  • 639 CAD/month + tax
  • Total Payable: 30,669 CAD
  • Total Interest: 7,669 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)
20.99
  • + tax
  • + fuel
  • + insurance
(or 0.21CAD per km)
  • 33.00CAD/100km (Original Contract back in Sep, 2022)
Time Analysis
Cost per day: (CAD)
18.08
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
604.72
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Sep, 2022)

Seller Contact Info

This Contract was Already Transferred.

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