Payment Analysis

500.00CAD/monthin Edmonton, AB
    Before Taxes:
  • 500.00 CAD/month
  • 230.77 CAD/bi-weekly
  • 115.38 CAD/week
  • 6,000.00 CAD/year
Incl. Alberta Taxes (5%):
  • 525.00 CAD/month
  • 242.31 CAD/bi-weekly
  • 121.15 CAD/week
  • 6,300.00 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: 8,602 ~ 9,002 CAD

compared to leasing a BRAND NEW:

  • KIA LX Automatic 2WD
  • for 24 months
  • in AB
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 666
This Contract (CAD/month) 500
Monthly Difference 166 CAD/month
Remaining Term x 47 months
Total Monthly Difference = 7,802 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 8,602 ~ 9,002

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 28,240 CAD
  • Total Vehicle Debt: 30,240 CAD
  • Paid so Far: 2,000 CAD (6% Paid)
  • Remaining Lease Payments: 23,500 CAD
  • Residual Value: 4,740 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 2,000 CAD Total Vehicle Value: 30,240 CAD
6% Paid
94%
Vehicle Debt Breakdown
Downpayment: 1,500 CAD Remaining Term: 23,500 CAD
Term Paid so Far: 500 CAD Residual Value: 4,740 CAD
4%
2%
78%
16%
Cost to Own
Already Paid: 2,000 CAD (6%)
Cash Incentive: 0 CAD Buyout Price Today: 28,240 CAD
6% Paid
0%
94%
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: 28,240 CAD

  • 4.9%Interest Rate x 48 months
  • 649 CAD/month + tax
  • Total Payable: 31,155 CAD
  • Total Interest: 2,915 CAD
  • 8.9%Interest Rate x 48 months
  • 701 CAD/month + tax
  • Total Payable: 33,668 CAD
  • Total Interest: 5,428 CAD
  • 14.9%Interest Rate x 48 months
  • 785 CAD/month + tax
  • Total Payable: 37,656 CAD
  • Total Interest: 9,416 CAD

At the end of the Lease Contract

Residual Value: 4,740 CAD (in 47 months)

  • 4.9%Interest Rate x 48 months
  • 109 CAD/month + tax
  • Total Payable: 5,229 CAD
  • Total Interest: 489 CAD
  • 8.9%Interest Rate x 48 months
  • 118 CAD/month + tax
  • Total Payable: 5,651 CAD
  • Total Interest: 911 CAD
  • 14.9%Interest Rate x 48 months
  • 132 CAD/month + tax
  • Total Payable: 6,321 CAD
  • Total Interest: 1,581 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)

Distance Analysis
Cost to drive 100km: (CAD)
46.08
  • + tax
  • + fuel
  • + insurance
(or 0.46CAD per km)
Time Analysis
Cost per day: (CAD)
16.44
  • + tax
  • + insurance
  • + km driven & fuel
(0.07CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
250.41
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD

Seller Contact Info

This Contract was Already Transferred.

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