Payment Analysis

295.75CAD/monthin Toronto, ON
    Before Taxes:
  • 295.75 CAD/month
  • 136.50 CAD/bi-weekly
  • 68.25 CAD/week
  • 3,549.00 CAD/year
Incl. Ontario Taxes (13%):
  • 334.20 CAD/month
  • 154.25 CAD/bi-weekly
  • 77.12 CAD/week
  • 4,010.37 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: 858 CAD

compared to leasing a BRAND NEW:

  • KIA Forte LX Automatic
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 361
This Contract (CAD/month) 296
Monthly Difference 66 CAD/month
Remaining Term x 13 months
Total Monthly Difference = 858 CAD
Total Savings (CAD) = 858

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 10,966 CAD
  • Total Vehicle Debt: 26,667 CAD
  • Paid so Far: 15,700 CAD (58% Paid)
  • Remaining Lease Payments: 3,845 CAD
  • Residual Value: 7,122 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 15,700 CAD Total Vehicle Value: 26,667 CAD
58% Paid
42%
Vehicle Debt Breakdown
Downpayment: 1,800 CAD Remaining Term: 3,845 CAD
Term Paid so Far: 13,900 CAD Residual Value: 7,122 CAD
6%
52%
14%
28%
Cost to Own
Already Paid: 15,700 CAD (58%)
Cash Incentive: 0 CAD Buyout Price Today: 10,966 CAD
58% Paid
0%
42%
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: 10,966 CAD

  • 4.9%Interest Rate x 48 months
  • 252 CAD/month + tax
  • Total Payable: 12,098 CAD
  • Total Interest: 1,132 CAD
  • 8.9%Interest Rate x 48 months
  • 272 CAD/month + tax
  • Total Payable: 13,074 CAD
  • Total Interest: 2,108 CAD
  • 14.9%Interest Rate x 48 months
  • 305 CAD/month + tax
  • Total Payable: 14,623 CAD
  • Total Interest: 3,657 CAD

At the end of the Lease Contract

Residual Value: 7,122 CAD (in 13 months)

  • 4.9%Interest Rate x 48 months
  • 164 CAD/month + tax
  • Total Payable: 7,857 CAD
  • Total Interest: 735 CAD
  • 8.9%Interest Rate x 48 months
  • 177 CAD/month + tax
  • Total Payable: 8,490 CAD
  • Total Interest: 1,369 CAD
  • 14.9%Interest Rate x 48 months
  • 198 CAD/month + tax
  • Total Payable: 9,496 CAD
  • Total Interest: 2,375 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)
5.49
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 22.18CAD/100km (Original Contract back in Mar, 2018)
Time Analysis
Cost per day: (CAD)
9.72
  • + tax
  • + insurance
  • + km driven & fuel
(0.25CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,242.60
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 307.69km/week (Contract Original back in Mar, 2018)

Seller Contact Info

This Contract was Already Transferred.

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