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: 3,360 ~ 4,660 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 32 months
Total Monthly Difference = 1,760 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,360 ~ 4,660

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 19,098 CAD
  • Total Vehicle Debt: 23,760 CAD
  • Paid so Far: 4,662 CAD (19% Paid)
  • Remaining Lease Payments: 9,324 CAD
  • Residual Value: 9,774 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 4,662 CAD Total Vehicle Value: 23,760 CAD
19% Paid
81%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 9,324 CAD
Term Paid so Far: 4,662 CAD Residual Value: 9,774 CAD
0%
19%
39%
42%
Cost to Own
Already Paid: 4,662 CAD (19%)
Cash Incentive: 0 CAD Buyout Price Today: 19,098 CAD
19% Paid
0%
81%
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: 19,098 CAD

  • 4.9%Interest Rate x 48 months
  • 439 CAD/month + tax
  • Total Payable: 21,070 CAD
  • Total Interest: 1,972 CAD
  • 8.9%Interest Rate x 48 months
  • 474 CAD/month + tax
  • Total Payable: 22,769 CAD
  • Total Interest: 3,671 CAD
  • 14.9%Interest Rate x 48 months
  • 531 CAD/month + tax
  • Total Payable: 25,466 CAD
  • Total Interest: 6,368 CAD

At the end of the Lease Contract

Residual Value: 9,774 CAD (in 32 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)
16.65
  • + tax
  • + fuel
  • + insurance
(or 0.17CAD per km)
  • 17.48CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
9.58
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
403.85
  • 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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