KIA Lease Takeover in Montreal, QC: 2018 KIA Soul Automatique 2WD ID:#12131 • LeaseCosts Canada

Payment Analysis

300.89CAD/monthin Montreal, QC

Before Taxes:

300.89 CAD/month
138.87 CAD/bi-weekly
69.44 CAD/week
3,610.68 CAD/year

Incl. Québec Taxes (14.98%):

345.96 CAD/month
159.68 CAD/bi-weekly
79.84 CAD/week
4,151.56 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: 7,360 ~ 8,660 CAD

compared to leasing a BRAND NEW:

KIA Soul EX+ Automatic
for 36 months (please, note this contract is under 2 years)
in Québec
$0 down payment
25,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	396
This Contract (CAD/month)	301
Monthly Difference	96 CAD/month
Remaining Term	x 60 months
Total Monthly Difference	= 5,760 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 7,360 ~ 8,660

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 29,753 CAD

Total Vehicle Debt: 29,143 CAD
Paid so Far: -611 CAD (-3% Paid)
Remaining Lease Payments: 18,053 CAD
Residual Value: 11,700 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: -611 CAD Total Vehicle Value: 29,143 CAD

-3% Paid

103%

Vehicle Debt Breakdown

Downpayment: 3,000 CAD Remaining Term: 18,053 CAD

Term Paid so Far: -3,611 CAD Residual Value: 11,700 CAD

14%

-17%

62%

41%

Cost to Own

Already Paid: -611 CAD (-3%)

Cash Incentive: 0 CAD Buyout Price Today: 29,753 CAD

-3% Paid

103%

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: 29,753 CAD

4.9%Interest Rate x 48 months
684 CAD/month + tax
Total Payable: 32,825 CAD
Total Interest: 3,072 CAD

8.9%Interest Rate x 48 months
739 CAD/month + tax
Total Payable: 35,472 CAD
Total Interest: 5,719 CAD

14.9%Interest Rate x 48 months
827 CAD/month + tax
Total Payable: 39,674 CAD
Total Interest: 9,921 CAD

At the end of the Lease Contract

Residual Value: 11,700 CAD (in 60 months)

4.9%Interest Rate x 48 months
269 CAD/month + tax
Total Payable: 12,908 CAD
Total Interest: 1,208 CAD

8.9%Interest Rate x 48 months
291 CAD/month + tax
Total Payable: 13,949 CAD
Total Interest: 2,249 CAD

14.9%Interest Rate x 48 months
325 CAD/month + tax
Total Payable: 15,601 CAD
Total Interest: 3,901 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)