This Vehicle is Sold


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Vehicle Photos

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Transfer Details

+ 1,000 cash
Lease Takeover in Kitchener, ON: 2018 Hyundai Elantra GL Automatic 2WD
SAVE ~5,900 CAD
CAD/month x 28 months
Transferred/Sold
2018 Hyundai Elantra GL (ID: #4307)
257
Kitchener, ON
2018 Hyundai

Elantra GL Automatic 2WD

  • Winter Tires Included
Payment Details
  • Current Payment: 257 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 222 CAD/month + tax
  • Residual Value: 9,500 CAD
  • Months to End: 28 months (Dec, 2021)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 17,500 km total
  • Available Now: 19,929 km/year (1,661 per month)
  • Excess Km Cost: 0.12 CAD/km
SOLD/TRANSFERRED

Payment Analysis

257.34CAD/monthin Kitchener, ON
    Before Taxes:
  • 257.34 CAD/month
  • 118.77 CAD/bi-weekly
  • 59.39 CAD/week
  • 3,088.08 CAD/year
Incl. Ontario Taxes (13%):
  • 290.79 CAD/month
  • 134.21 CAD/bi-weekly
  • 67.11 CAD/week
  • 3,489.53 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: 5,664 ~ 6,064 CAD

compared to leasing a BRAND NEW:

  • Hyundai GL
  • for 33 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 396
This Contract (CAD/month) 257
Monthly Difference 138 CAD/month
Remaining Term x 28 months
Total Monthly Difference = 3,864 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 5,664 ~ 6,064
** "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: 15,705 CAD
  • Total Vehicle Debt: 21,852 CAD
  • Paid so Far: 5,147 CAD (23% Paid)
  • Remaining Lease Payments: 7,206 CAD
  • Residual Value: 9,500 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 5,147 CAD Total Vehicle Value: 21,852 CAD
23% Paid
77%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,206 CAD
Term Paid so Far: 5,147 CAD Residual Value: 9,500 CAD
0%
23%
33%
44%
Cost to Own
Already Paid: 5,147 CAD (23%)
Cash Incentive: 1,000 CAD Buyout Price Today: 15,705 CAD
23% Paid
4%
73%
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: 15,705 CAD

  • 4.9%Interest Rate x 48 months
  • 361 CAD/month + tax
  • Total Payable: 17,327 CAD
  • Total Interest: 1,621 CAD
  • 8.9%Interest Rate x 48 months
  • 390 CAD/month + tax
  • Total Payable: 18,724 CAD
  • Total Interest: 3,019 CAD
  • 14.9%Interest Rate x 48 months
  • 436 CAD/month + tax
  • Total Payable: 20,942 CAD
  • Total Interest: 5,237 CAD

At the end of the Lease Contract

Residual Value: 9,500 CAD (in 28 months)

  • 4.9%Interest Rate x 48 months
  • 218 CAD/month + tax
  • Total Payable: 10,480 CAD
  • Total Interest: 981 CAD
  • 8.9%Interest Rate x 48 months
  • 236 CAD/month + tax
  • Total Payable: 11,326 CAD
  • Total Interest: 1,826 CAD
  • 14.9%Interest Rate x 48 months
  • 264 CAD/month + tax
  • Total Payable: 12,667 CAD
  • Total Interest: 3,168 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)
13.35
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
  • 15.50CAD/100km (TODAY without the Cash Incentive)
  • 19.30CAD/100km (Original Contract back in Dec, 2017)
Time Analysis
Cost per day: (CAD)
7.29
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
  • 8.46CAD/day (Original Contract back in Dec, 2017)
Remaining Km
Can be driven up to:
383.24
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 307.69km/week (Contract Original back in Dec, 2017)

Seller Contact Info

This Contract was Already Transferred.