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: 22,672 ~ 23,972 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 52 months
Total Monthly Difference	= 20,072 CAD
+ Cash Incentive** (CAD)	+ 1,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 22,672 ~ 23,972
	** "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: 24,024 CAD

Total Vehicle Debt: 20,521 CAD
Paid so Far: -4,503 CAD (-22% Paid)
Remaining Lease Payments: 14,634 CAD
Residual Value: 10,390 CAD
Cash Incentive: 1,000 CAD

Vehicle Debt & Value

Paid so far: -4,503 CAD Total Vehicle Value: 20,521 CAD

-22% Paid

122%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 14,634 CAD

Term Paid so Far: -4,503 CAD Residual Value: 10,390 CAD

-22%

71%

51%

Cost to Own

Already Paid: -4,503 CAD (-22%)

Cash Incentive: 1,000 CAD Buyout Price Today: 24,024 CAD

-22% Paid

118%

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: 24,024 CAD

4.9%Interest Rate x 48 months
552 CAD/month + tax
Total Payable: 26,504 CAD
Total Interest: 2,480 CAD

8.9%Interest Rate x 48 months
597 CAD/month + tax
Total Payable: 28,641 CAD
Total Interest: 4,617 CAD

14.9%Interest Rate x 48 months
667 CAD/month + tax
Total Payable: 32,034 CAD
Total Interest: 8,011 CAD

At the end of the Lease Contract

Residual Value: 10,390 CAD (in 52 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)