KIA Lease Takeover in Barrie/Angus, ON: 2022 KIA Soul Premium EX Automatique 2WD ID:#46058 • LeaseCosts Canada

Payment Analysis

370.50CAD/monthin Barrie/Angus, ON

Before Taxes:

370.50 CAD/month
171.00 CAD/bi-weekly
85.50 CAD/week
4,446.00 CAD/year

Incl. Ontario Taxes (13%):

418.67 CAD/month
193.23 CAD/bi-weekly
96.62 CAD/week
5,023.98 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: 3,348 ~ 4,248 CAD

compared to leasing a BRAND NEW:

2023 Kia Soul EX Premium
for 24 months
in Ontario
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	512
This Contract (CAD/month)	371
Monthly Difference	142 CAD/month
Remaining Term	x 15 months
Total Monthly Difference	= 2,130 CAD
+ Cash Incentive** (CAD)	+ 418
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 3,348 ~ 4,248
	** "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: 22,393 CAD

Total Vehicle Debt: 35,038 CAD
Paid so Far: 12,227 CAD (34% Paid)
Remaining Lease Payments: 5,558 CAD
Residual Value: 17,254 CAD
Cash Incentive: 418 CAD

Vehicle Debt & Value

Paid so far: 12,227 CAD Total Vehicle Value: 35,038 CAD

34% Paid

66%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 5,558 CAD

Term Paid so Far: 12,227 CAD Residual Value: 17,254 CAD

34%

16%

50%

Cost to Own

Already Paid: 12,227 CAD (34%)

Cash Incentive: 418 CAD Buyout Price Today: 22,393 CAD

34% Paid

65%

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: 22,393 CAD

4.9%Interest Rate x 48 months
515 CAD/month + tax
Total Payable: 24,705 CAD
Total Interest: 2,312 CAD

8.9%Interest Rate x 48 months
556 CAD/month + tax
Total Payable: 26,697 CAD
Total Interest: 4,304 CAD

14.9%Interest Rate x 48 months
622 CAD/month + tax
Total Payable: 29,860 CAD
Total Interest: 7,467 CAD

At the end of the Lease Contract

Residual Value: 17,254 CAD (in 15 months)

4.9%Interest Rate x 48 months
397 CAD/month + tax
Total Payable: 19,035 CAD
Total Interest: 1,781 CAD

8.9%Interest Rate x 48 months
429 CAD/month + tax
Total Payable: 20,570 CAD
Total Interest: 3,316 CAD

14.9%Interest Rate x 48 months
479 CAD/month + tax
Total Payable: 23,007 CAD
Total Interest: 5,753 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)