Payment Analysis

291.38CAD/monthin Ottawa, ON
    Before Taxes:
  • 291.38 CAD/month
  • 134.48 CAD/bi-weekly
  • 67.24 CAD/week
  • 3,496.56 CAD/year
Incl. Ontario Taxes (13%):
  • 329.26 CAD/month
  • 151.97 CAD/bi-weekly
  • 75.98 CAD/week
  • 3,951.11 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: 2,975 ~ 4,275 CAD

compared to leasing a BRAND NEW:

  • Kia Rio 5-door EX
  • for 36 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 346
This Contract (CAD/month) 291
Monthly Difference 55 CAD/month
Remaining Term x 25 months
Total Monthly Difference = 1,375 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,975 ~ 4,275

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,058 CAD
  • Total Vehicle Debt: 23,760 CAD
  • Paid so Far: 6,702 CAD (28% Paid)
  • Remaining Lease Payments: 7,285 CAD
  • Residual Value: 9,774 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,702 CAD Total Vehicle Value: 23,760 CAD
28% Paid
72%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,285 CAD
Term Paid so Far: 6,702 CAD Residual Value: 9,774 CAD
0%
28%
30%
42%
Cost to Own
Already Paid: 6,702 CAD (28%)
Cash Incentive: 0 CAD Buyout Price Today: 17,058 CAD
28% Paid
0%
72%
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: 17,058 CAD

  • 4.9%Interest Rate x 48 months
  • 392 CAD/month + tax
  • Total Payable: 18,819 CAD
  • Total Interest: 1,761 CAD
  • 8.9%Interest Rate x 48 months
  • 424 CAD/month + tax
  • Total Payable: 20,337 CAD
  • Total Interest: 3,279 CAD
  • 14.9%Interest Rate x 48 months
  • 474 CAD/month + tax
  • Total Payable: 22,746 CAD
  • Total Interest: 5,688 CAD

At the end of the Lease Contract

Residual Value: 9,774 CAD (in 25 months)

  • 4.9%Interest Rate x 48 months
  • 225 CAD/month + tax
  • Total Payable: 10,783 CAD
  • Total Interest: 1,009 CAD
  • 8.9%Interest Rate x 48 months
  • 243 CAD/month + tax
  • Total Payable: 11,652 CAD
  • Total Interest: 1,879 CAD
  • 14.9%Interest Rate x 48 months
  • 272 CAD/month + tax
  • Total Payable: 13,033 CAD
  • Total Interest: 3,259 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)
13.01
  • + tax
  • + fuel
  • + insurance
(or 0.13CAD per km)
  • 17.48CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
9.58
  • + tax
  • + insurance
  • + km driven & fuel
(0.13CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
516.92
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in May, 2019)

Seller Contact Info

This Contract was Already Transferred.

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