KIA Lease Takeover in Montreal, QC: 2017 KIA Sportage LX Automatique 2WD ID:#10976 • LeaseCosts Canada

Payment Analysis

385.37CAD/monthin Montreal, QC

Before Taxes:

385.37 CAD/month
177.86 CAD/bi-weekly
88.93 CAD/week
4,624.44 CAD/year

Incl. Québec Taxes (14.98%):

443.10 CAD/month
204.51 CAD/bi-weekly
102.25 CAD/week
5,317.18 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: 13,670 ~ 14,970 CAD

compared to leasing a BRAND NEW:

KIA Sportage LX Automatic FWD
for 24 months
in Québec
$0 down payment
24,000 km/year (note this contract has way more availability)
This estimate does not includes the TAG + Custom Blue Painting. Those are additional perks!

Savings Breakdown:
Leasing New (CAD/month)	563
This Contract (CAD/month)	385
Monthly Difference	178 CAD/month
Remaining Term	x 65 months
Total Monthly Difference	= 11,570 CAD
+ Cash Incentive** (CAD)	+ 500
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 13,670 ~ 14,970
	** "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: 38,286 CAD

Total Vehicle Debt: 32,689 CAD
Paid so Far: -6,097 CAD (-19% Paid)
Remaining Lease Payments: 25,049 CAD
Residual Value: 13,737 CAD
Cash Incentive: 500 CAD

Vehicle Debt & Value

Paid so far: -6,097 CAD Total Vehicle Value: 32,689 CAD

-19% Paid

119%

Vehicle Debt Breakdown

Downpayment: 840 CAD Remaining Term: 25,049 CAD

Term Paid so Far: -6,937 CAD Residual Value: 13,737 CAD

-21%

76%

43%

Cost to Own

Already Paid: -6,097 CAD (-19%)

Cash Incentive: 500 CAD Buyout Price Today: 38,286 CAD

-19% Paid

118%

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: 38,286 CAD

4.9%Interest Rate x 48 months
880 CAD/month + tax
Total Payable: 42,238 CAD
Total Interest: 3,952 CAD

8.9%Interest Rate x 48 months
951 CAD/month + tax
Total Payable: 45,645 CAD
Total Interest: 7,359 CAD

14.9%Interest Rate x 48 months
1,064 CAD/month + tax
Total Payable: 51,052 CAD
Total Interest: 12,766 CAD

At the end of the Lease Contract

Residual Value: 13,737 CAD (in 65 months)

4.9%Interest Rate x 48 months
316 CAD/month + tax
Total Payable: 15,155 CAD
Total Interest: 1,418 CAD

8.9%Interest Rate x 48 months
341 CAD/month + tax
Total Payable: 16,377 CAD
Total Interest: 2,640 CAD

14.9%Interest Rate x 48 months
382 CAD/month + tax
Total Payable: 18,318 CAD
Total Interest: 4,581 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)