This Vehicle is Sold


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Vehicle Photos

Transfer Details

KIA Lease Takeover in Richmond Hill, ON: 2020 KIA Forte EX+ CVT 2WD
SAVE ~3,900 CAD
CAD/month x 32 months
2020 KIA Forte EX+ (ID: #34752)
324
Richmond Hill, ON
2020 KIA

Forte EX+ CVT 2WD w/ Warranty Complete Term + Wear & Tear Coverage + Winter Tires Included

  • Warranty Complete Term
  • Wear & Tear Coverage
  • Winter Tires Included
Payment Details
  • Current Payment: 324 CAD/month + tax
  • Original Downpayment: 2,257 CAD
  • Residual Value: 8,585 CAD
  • Months to End: 32 months (Aug, 2024)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 19,430 km total
  • Available Now: 22,714 km/year (1,893 per month)
  • Excess Km Cost: 0.12 CAD/km
Deal Special Perks
  • Hot Lease Takeover Deal
  • Large Down Payment
  • All Main Coverages
  • Lots of FREE Available Km
  • Good Buyout Opportunity
Perks are determined by LeaseCosts Canada Inc. and not by the person who listed the vehicle.
SOLD/TRANSFERRED

Payment Analysis

324.17CAD/monthin Richmond Hill, ON
    Before Taxes:
  • 324.17 CAD/month
  • 149.62 CAD/bi-weekly
  • 74.81 CAD/week
  • 3,890.04 CAD/year
Incl. Ontario Taxes (13%):
  • 366.31 CAD/month
  • 169.07 CAD/bi-weekly
  • 84.53 CAD/week
  • 4,395.75 CAD/year

Estimate Insurance Costs

 

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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: 3,264 ~ 4,564 CAD

compared to leasing a BRAND NEW:

  • Kia Forte EX + CVT 2WD
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 376
This Contract (CAD/month) 324
Monthly Difference 52 CAD/month
Remaining Term x 32 months
Total Monthly Difference = 1,664 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,264 ~ 4,564

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 18,958 CAD
  • Total Vehicle Debt: 26,401 CAD
  • Paid so Far: 7,443 CAD (28% Paid)
  • Remaining Lease Payments: 10,373 CAD
  • Residual Value: 8,585 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,443 CAD Total Vehicle Value: 26,401 CAD
28% Paid
72%
Vehicle Debt Breakdown
Downpayment: 2,257 CAD Remaining Term: 10,373 CAD
Term Paid so Far: 5,187 CAD Residual Value: 8,585 CAD
8%
20%
39%
33%
Cost to Own
Already Paid: 7,443 CAD (28%)
Cash Incentive: 0 CAD Buyout Price Today: 18,958 CAD
28% Paid
0%
72%
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: 18,958 CAD

  • 4.9%Interest Rate x 48 months
  • 436 CAD/month + tax
  • Total Payable: 20,915 CAD
  • Total Interest: 1,957 CAD
  • 8.9%Interest Rate x 48 months
  • 471 CAD/month + tax
  • Total Payable: 22,602 CAD
  • Total Interest: 3,644 CAD
  • 14.9%Interest Rate x 48 months
  • 527 CAD/month + tax
  • Total Payable: 25,279 CAD
  • Total Interest: 6,321 CAD

At the end of the Lease Contract

Residual Value: 8,585 CAD (in 32 months)

  • 4.9%Interest Rate x 48 months
  • 197 CAD/month + tax
  • Total Payable: 9,471 CAD
  • Total Interest: 886 CAD
  • 8.9%Interest Rate x 48 months
  • 213 CAD/month + tax
  • Total Payable: 10,234 CAD
  • Total Interest: 1,650 CAD
  • 14.9%Interest Rate x 48 months
  • 238 CAD/month + tax
  • Total Payable: 11,447 CAD
  • Total Interest: 2,862 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)
17.13
  • + tax
  • + fuel
  • + insurance
(or 0.17CAD per km)
  • 19.45CAD/100km (Original Contract back in Aug, 2020)
Time Analysis
Cost per day: (CAD)
10.66
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
436.80
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Aug, 2020)

Seller Contact Info

This Contract was Already Transferred.

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