Payment Analysis

600.00CAD/monthin Kitchener, ON
    Before Taxes:
  • 600.00 CAD/month
  • 276.92 CAD/bi-weekly
  • 138.46 CAD/week
  • 7,200.00 CAD/year
Incl. Ontario Taxes (13%):
  • 678.00 CAD/month
  • 312.92 CAD/bi-weekly
  • 156.46 CAD/week
  • 8,136.00 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: 2,584 CAD

compared to leasing a BRAND NEW:

  • KIA Sorento EX+ AWD
  • for 39 months
  • in Ontario
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 736
This Contract (CAD/month) 600
Monthly Difference 136 CAD/month
Remaining Term x 19 months
Total Monthly Difference = 2,584 CAD
Total Savings (CAD) = 2,584

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 33,900 CAD
  • Total Vehicle Debt: 50,700 CAD
  • Paid so Far: 16,800 CAD (33% Paid)
  • Remaining Lease Payments: 11,400 CAD
  • Residual Value: 22,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 16,800 CAD Total Vehicle Value: 50,700 CAD
33% Paid
67%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 11,400 CAD
Term Paid so Far: 16,800 CAD Residual Value: 22,500 CAD
0%
33%
22%
45%
Cost to Own
Already Paid: 16,800 CAD (33%)
Cash Incentive: 0 CAD Buyout Price Today: 33,900 CAD
33% Paid
0%
67%
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: 33,900 CAD

  • 4.9%Interest Rate x 48 months
  • 779 CAD/month + tax
  • Total Payable: 37,400 CAD
  • Total Interest: 3,500 CAD
  • 8.9%Interest Rate x 48 months
  • 842 CAD/month + tax
  • Total Payable: 40,416 CAD
  • Total Interest: 6,516 CAD
  • 14.9%Interest Rate x 48 months
  • 942 CAD/month + tax
  • Total Payable: 45,204 CAD
  • Total Interest: 11,304 CAD

At the end of the Lease Contract

Residual Value: 22,500 CAD (in 19 months)

  • 4.9%Interest Rate x 48 months
  • 517 CAD/month + tax
  • Total Payable: 24,823 CAD
  • Total Interest: 2,323 CAD
  • 8.9%Interest Rate x 48 months
  • 559 CAD/month + tax
  • Total Payable: 26,825 CAD
  • Total Interest: 4,325 CAD
  • 14.9%Interest Rate x 48 months
  • 625 CAD/month + tax
  • Total Payable: 30,002 CAD
  • Total Interest: 7,502 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)
22.50
  • + tax
  • + fuel
  • + insurance
(or 0.23CAD per km)
  • 45.00CAD/100km (Original Contract back in Dec, 2019)
Time Analysis
Cost per day: (CAD)
19.73
  • + tax
  • + insurance
  • + km driven & fuel
(0.17CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
615.38
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 307.69km/week (Contract Original back in Dec, 2019)

Seller Contact Info

This Contract was Already Transferred.

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