KIA Lease Takeover in L'Orignal, ON: 2018 KIA EX Automatique 2WD ID:#14562 • LeaseCosts Canada

355

+taxX 29 months

(Cash Incentive of 700CAD is applied)

This vehicle is SOLD

Payment Analysis

379.25CAD/monthin L'Orignal, ON

Before Taxes:

379.25 CAD/month
175.04 CAD/bi-weekly
87.52 CAD/week
4,551.00 CAD/year

Incl. Ontario Taxes (13%):

428.55 CAD/month
197.79 CAD/bi-weekly
98.90 CAD/week
5,142.63 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: 15,333 ~ 16,233 CAD

compared to leasing a BRAND NEW:

KIA Optima EX Automatic 2WD TECH
for 12 months
in Ontario
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	856
This Contract (CAD/month)	379
Monthly Difference	477 CAD/month
Remaining Term	x 29 months
Total Monthly Difference	= 13,833 CAD
+ Cash Incentive** (CAD)	+ 700
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 15,333 ~ 16,233
	** "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: 21,298 CAD

Total Vehicle Debt: 34,804 CAD
Paid so Far: 12,806 CAD (36% Paid)
Remaining Lease Payments: 10,998 CAD
Residual Value: 11,000 CAD
Cash Incentive: 700 CAD

Vehicle Debt & Value

Paid so far: 12,806 CAD Total Vehicle Value: 34,804 CAD

36% Paid

64%

Vehicle Debt Breakdown

Downpayment: 5,600 CAD Remaining Term: 10,998 CAD

Term Paid so Far: 7,206 CAD Residual Value: 11,000 CAD

15%

21%

31%

33%

Cost to Own

Already Paid: 12,806 CAD (36%)

Cash Incentive: 700 CAD Buyout Price Today: 21,298 CAD

36% Paid

62%

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: 21,298 CAD

4.9%Interest Rate x 48 months
490 CAD/month + tax
Total Payable: 23,497 CAD
Total Interest: 2,199 CAD

8.9%Interest Rate x 48 months
529 CAD/month + tax
Total Payable: 25,392 CAD
Total Interest: 4,094 CAD

14.9%Interest Rate x 48 months
592 CAD/month + tax
Total Payable: 28,400 CAD
Total Interest: 7,102 CAD

At the end of the Lease Contract

Residual Value: 11,000 CAD (in 29 months)

4.9%Interest Rate x 48 months
253 CAD/month + tax
Total Payable: 12,136 CAD
Total Interest: 1,136 CAD

8.9%Interest Rate x 48 months
273 CAD/month + tax
Total Payable: 13,114 CAD
Total Interest: 2,114 CAD

14.9%Interest Rate x 48 months
306 CAD/month + tax
Total Payable: 14,668 CAD
Total Interest: 3,668 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)

45.22

+ tax
+ fuel
+ insurance

(inlcuding the 700CAD incentive)

Time Analysis

Cost per day: (CAD)

11.67

+ tax
+ insurance
+ km driven & fuel