Hyundai Lease Takeover in Vancouver, BC: 2020 Hyundai Elantra Ultimate Automatique 2WD ID:#13827 • LeaseCosts Canada

Payment Analysis

431.60CAD/monthin Vancouver, BC

Before Taxes:

431.60 CAD/month
199.20 CAD/bi-weekly
99.60 CAD/week
5,179.20 CAD/year

Incl. B.C. Taxes (12%):

483.39 CAD/month
223.10 CAD/bi-weekly
111.55 CAD/week
5,800.70 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: 5,880 ~ 6,780 CAD

compared to leasing a BRAND NEW:

Hyundai ELANTRA Ultimate
for 24 months
in British Columbia
$0 down payment
28,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	651
This Contract (CAD/month)	432
Monthly Difference	220 CAD/month
Remaining Term	x 14 months
Total Monthly Difference	= 3,080 CAD
+ Cash Incentive** (CAD)	+ 2,000
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 5,880 ~ 6,780
	** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,600 CAD

Total Vehicle Debt: 28,672 CAD
Paid so Far: 11,071 CAD (38% Paid)
Remaining Lease Payments: 6,042 CAD
Residual Value: 11,558 CAD
Cash Incentive: 2,000 CAD

Vehicle Debt & Value

Paid so far: 11,071 CAD Total Vehicle Value: 28,672 CAD

38% Paid

62%

Vehicle Debt Breakdown

Downpayment: 1,576 CAD Remaining Term: 6,042 CAD

Term Paid so Far: 9,495 CAD Residual Value: 11,558 CAD

33%

21%

41%

Cost to Own

Already Paid: 11,071 CAD (38%)

Cash Incentive: 2,000 CAD Buyout Price Today: 15,600 CAD

38% Paid

55%

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: 15,600 CAD

4.9%Interest Rate x 48 months
359 CAD/month + tax
Total Payable: 17,211 CAD
Total Interest: 1,610 CAD

8.9%Interest Rate x 48 months
387 CAD/month + tax
Total Payable: 18,599 CAD
Total Interest: 2,998 CAD

14.9%Interest Rate x 48 months
433 CAD/month + tax
Total Payable: 20,802 CAD
Total Interest: 5,202 CAD

At the end of the Lease Contract

Residual Value: 11,558 CAD (in 14 months)

4.9%Interest Rate x 48 months
266 CAD/month + tax
Total Payable: 12,751 CAD
Total Interest: 1,193 CAD

8.9%Interest Rate x 48 months
287 CAD/month + tax
Total Payable: 13,779 CAD
Total Interest: 2,221 CAD

14.9%Interest Rate x 48 months
321 CAD/month + tax
Total Payable: 15,412 CAD
Total Interest: 3,854 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)