Hyundai Lease Takeover in Ottawa, ON: 2019 Hyundai Elantra Preferred Manuelle 2WD ID:#20049 • LeaseCosts Canada

Payment Analysis

281.42CAD/monthin Ottawa, ON

Before Taxes:

281.42 CAD/month
129.89 CAD/bi-weekly
64.94 CAD/week
3,377.04 CAD/year

Incl. Ontario Taxes (13%):

318.00 CAD/month
146.77 CAD/bi-weekly
73.39 CAD/week
3,816.06 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: 20,356 ~ 21,656 CAD

compared to leasing a BRAND NEW:

Hyundai ELANTRA Preferred
for 12 months
in Ontario
$0 down payment
32,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	667
This Contract (CAD/month)	281
Monthly Difference	386 CAD/month
Remaining Term	x 46 months
Total Monthly Difference	= 17,756 CAD
+ Cash Incentive** (CAD)	+ 1,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 20,356 ~ 21,656
	** "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: 22,335 CAD

Total Vehicle Debt: 20,521 CAD
Paid so Far: -2,814 CAD (-14% Paid)
Remaining Lease Payments: 12,945 CAD
Residual Value: 10,390 CAD
Cash Incentive: 1,000 CAD

Vehicle Debt & Value

Paid so far: -2,814 CAD Total Vehicle Value: 20,521 CAD

-14% Paid

114%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 12,945 CAD

Term Paid so Far: -2,814 CAD Residual Value: 10,390 CAD

-14%

63%

51%

Cost to Own

Already Paid: -2,814 CAD (-14%)

Cash Incentive: 1,000 CAD Buyout Price Today: 22,335 CAD

-14% Paid

110%

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: 22,335 CAD

4.9%Interest Rate x 48 months
513 CAD/month + tax
Total Payable: 24,641 CAD
Total Interest: 2,306 CAD

8.9%Interest Rate x 48 months
555 CAD/month + tax
Total Payable: 26,628 CAD
Total Interest: 4,293 CAD

14.9%Interest Rate x 48 months
620 CAD/month + tax
Total Payable: 29,783 CAD
Total Interest: 7,448 CAD

At the end of the Lease Contract

Residual Value: 10,390 CAD (in 46 months)

4.9%Interest Rate x 48 months
239 CAD/month + tax
Total Payable: 11,463 CAD
Total Interest: 1,073 CAD

8.9%Interest Rate x 48 months
258 CAD/month + tax
Total Payable: 12,387 CAD
Total Interest: 1,997 CAD

14.9%Interest Rate x 48 months
289 CAD/month + tax
Total Payable: 13,854 CAD
Total Interest: 3,464 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)