This Vehicle is Sold


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Vehicle Photos

Transfer Details

+ 500 cash
Lease Transfer Hyundai Lease Takeover in Mississauga, ON: 2020 Hyundai Elantra Luxury CVT 2WD
SAVE ~3,000 CAD
CAD/month x 20 months
Transferred/Sold
2020 Hyundai Elantra Luxury (ID: #22284)
325
Mississauga, ONCarFax Canada Accident Report
2020 Hyundai

Elantra Luxury CVT 2WD

View CarFax Canada Report

  • Winter Tires Included
Payment Details
  • Current Payment: 325 CAD/month + tax
  • Cash Incentive: 500 CAD
  • Payment After Incentive: 300 CAD/month + tax
  • Residual Value: 14,853 CAD
  • Months to End: 20 months (Aug, 2022)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 9,600 km total
  • Available Now: 26,240 km/year (2,187 per month)
  • Excess Km Cost: 0.12 CAD/km
Deal Special Perks
  • Hot Lease Takeover Deal
  • Lots of FREE Available Km
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
SOLD/TRANSFERRED

Payment Analysis

325.00CAD/monthin Mississauga, ON
    Before Taxes:
  • 325.00 CAD/month
  • 150.00 CAD/bi-weekly
  • 75.00 CAD/week
  • 3,900.00 CAD/year
Incl. Ontario Taxes (13%):
  • 367.25 CAD/month
  • 169.50 CAD/bi-weekly
  • 84.75 CAD/week
  • 4,407.00 CAD/year

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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: 2,800 ~ 3,200 CAD

compared to leasing a BRAND NEW:

  • Hyundai Elantra Luxury CVT 2WD
  • for 33 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 400
This Contract (CAD/month) 325
Monthly Difference 75 CAD/month
Remaining Term x 20 months
Total Monthly Difference = 1,500 CAD
+ Cash Incentive** (CAD) + 500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,800 ~ 3,200
** "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: 20,853 CAD
  • Total Vehicle Debt: 25,253 CAD
  • Paid so Far: 3,900 CAD (15% Paid)
  • Remaining Lease Payments: 6,500 CAD
  • Residual Value: 14,853 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 3,900 CAD Total Vehicle Value: 25,253 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,500 CAD
Term Paid so Far: 3,900 CAD Residual Value: 14,853 CAD
0%
15%
25%
60%
Cost to Own
Already Paid: 3,900 CAD (15%)
Cash Incentive: 500 CAD Buyout Price Today: 20,853 CAD
15% Paid
1%
84%
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: 20,853 CAD

  • 4.9%Interest Rate x 48 months
  • 479 CAD/month + tax
  • Total Payable: 23,006 CAD
  • Total Interest: 2,153 CAD
  • 8.9%Interest Rate x 48 months
  • 518 CAD/month + tax
  • Total Payable: 24,861 CAD
  • Total Interest: 4,008 CAD
  • 14.9%Interest Rate x 48 months
  • 579 CAD/month + tax
  • Total Payable: 27,806 CAD
  • Total Interest: 6,953 CAD

At the end of the Lease Contract

Residual Value: 14,853 CAD (in 20 months)

  • 4.9%Interest Rate x 48 months
  • 341 CAD/month + tax
  • Total Payable: 16,386 CAD
  • Total Interest: 1,533 CAD
  • 8.9%Interest Rate x 48 months
  • 369 CAD/month + tax
  • Total Payable: 17,708 CAD
  • Total Interest: 2,855 CAD
  • 14.9%Interest Rate x 48 months
  • 413 CAD/month + tax
  • Total Payable: 19,806 CAD
  • Total Interest: 4,953 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)
13.72
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 14.86CAD/100km (TODAY without the Cash Incentive)
  • 19.50CAD/100km (Original Contract back in Dec, 2019)
Time Analysis
Cost per day: (CAD)
9.86
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 10.68CAD/day (Original Contract back in Dec, 2019)
Remaining Km
Can be driven up to:
504.62
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Dec, 2019)

Seller Contact Info

This Contract was Already Transferred.