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: 6,976 ~ 8,276 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 56 months
Total Monthly Difference	= 5,376 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 6,976 ~ 8,276

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 28,550 CAD

Total Vehicle Debt: 29,143 CAD
Paid so Far: 593 CAD (2% Paid)
Remaining Lease Payments: 16,850 CAD
Residual Value: 11,700 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 593 CAD Total Vehicle Value: 29,143 CAD

2% Paid

98%

Vehicle Debt Breakdown

Downpayment: 3,000 CAD Remaining Term: 16,850 CAD

Term Paid so Far: -2,407 CAD Residual Value: 11,700 CAD

10%

-8%

57%

41%

Cost to Own

Already Paid: 593 CAD (2%)

Cash Incentive: 0 CAD Buyout Price Today: 28,550 CAD

2% Paid

98%

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: 28,550 CAD

4.9%Interest Rate x 48 months
656 CAD/month + tax
Total Payable: 31,497 CAD
Total Interest: 2,947 CAD

8.9%Interest Rate x 48 months
709 CAD/month + tax
Total Payable: 34,037 CAD
Total Interest: 5,487 CAD

14.9%Interest Rate x 48 months
793 CAD/month + tax
Total Payable: 38,070 CAD
Total Interest: 9,520 CAD

At the end of the Lease Contract

Residual Value: 11,700 CAD (in 56 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)