Payment Analysis

301.50CAD/monthin Ottawa, ON
    Before Taxes:
  • 301.50 CAD/month
  • 139.15 CAD/bi-weekly
  • 69.58 CAD/week
  • 3,618.00 CAD/year
Incl. Ontario Taxes (13%):
  • 340.70 CAD/month
  • 157.24 CAD/bi-weekly
  • 78.62 CAD/week
  • 4,088.34 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: 7,568 ~ 7,968 CAD

compared to leasing a BRAND NEW:

  • Hyundai Sonata
  • for 39 months
  • in Ontario
  • $0 down payment
  • 36,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 489
This Contract (CAD/month) 302
Monthly Difference 188 CAD/month
Remaining Term x 36 months
Total Monthly Difference = 6,768 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 7,568 ~ 7,968

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 20,154 CAD
  • Total Vehicle Debt: 27,390 CAD
  • Paid so Far: 7,236 CAD (26% Paid)
  • Remaining Lease Payments: 10,854 CAD
  • Residual Value: 9,300 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 7,236 CAD Total Vehicle Value: 27,390 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 10,854 CAD
Term Paid so Far: 7,236 CAD Residual Value: 9,300 CAD
0%
26%
39%
35%
Cost to Own
Already Paid: 7,236 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 20,154 CAD
26% Paid
0%
74%
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: 20,154 CAD

  • 4.9%Interest Rate x 48 months
  • 463 CAD/month + tax
  • Total Payable: 22,235 CAD
  • Total Interest: 2,081 CAD
  • 8.9%Interest Rate x 48 months
  • 501 CAD/month + tax
  • Total Payable: 24,028 CAD
  • Total Interest: 3,874 CAD
  • 14.9%Interest Rate x 48 months
  • 560 CAD/month + tax
  • Total Payable: 26,874 CAD
  • Total Interest: 6,720 CAD

At the end of the Lease Contract

Residual Value: 9,300 CAD (in 36 months)

  • 4.9%Interest Rate x 48 months
  • 214 CAD/month + tax
  • Total Payable: 10,260 CAD
  • Total Interest: 960 CAD
  • 8.9%Interest Rate x 48 months
  • 231 CAD/month + tax
  • Total Payable: 11,087 CAD
  • Total Interest: 1,787 CAD
  • 14.9%Interest Rate x 48 months
  • 258 CAD/month + tax
  • Total Payable: 12,401 CAD
  • Total Interest: 3,101 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)
4.54
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 5.57CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
9.91
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,531.41
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 1,250.00km/week (Contract Original back in May, 2018)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 659 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 582 CAD/month + tax
  • Residual Value: 24,995 CAD
  • Months to End: 13 months (Jun, 2027)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 40,739 km total
  • Available Now: 36,241 km/year (3,020 per month)
  • Excess Km Cost: 0.12 CAD/km
See all Details