KIA Lease Takeover in Ottawa, ON: 2019 KIA EX Manuelle 2WD ID:#18220 • LeaseCosts Canada

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: 3,855 ~ 5,155 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 41 months
Total Monthly Difference	= 2,255 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 3,855 ~ 5,155

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 21,720 CAD

Total Vehicle Debt: 23,760 CAD
Paid so Far: 2,040 CAD (8% Paid)
Remaining Lease Payments: 11,947 CAD
Residual Value: 9,774 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 2,040 CAD Total Vehicle Value: 23,760 CAD

8% Paid

92%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 11,947 CAD

Term Paid so Far: 2,040 CAD Residual Value: 9,774 CAD

50%

42%

Cost to Own

Already Paid: 2,040 CAD (8%)

Cash Incentive: 0 CAD Buyout Price Today: 21,720 CAD

8% Paid

92%

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: 21,720 CAD

4.9%Interest Rate x 48 months
499 CAD/month + tax
Total Payable: 23,963 CAD
Total Interest: 2,242 CAD

8.9%Interest Rate x 48 months
539 CAD/month + tax
Total Payable: 25,895 CAD
Total Interest: 4,175 CAD

14.9%Interest Rate x 48 months
603 CAD/month + tax
Total Payable: 28,963 CAD
Total Interest: 7,243 CAD

At the end of the Lease Contract

Residual Value: 9,774 CAD (in 41 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)