Payment Analysis

264.00CAD/monthin Thornhill, ON
    Before Taxes:
  • 264.00 CAD/month
  • 121.85 CAD/bi-weekly
  • 60.92 CAD/week
  • 3,168.00 CAD/year
Incl. Ontario Taxes (13%):
  • 298.32 CAD/month
  • 137.69 CAD/bi-weekly
  • 68.84 CAD/week
  • 3,579.84 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: 8,040 CAD

compared to leasing a BRAND NEW:

  • Hyundai Elantra Luxury Automatic 2WD
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 465
This Contract (CAD/month) 264
Monthly Difference 201 CAD/month
Remaining Term x 40 months
Total Monthly Difference = 8,040 CAD
Total Savings (CAD) = 8,040

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 22,044 CAD
  • Total Vehicle Debt: 27,674 CAD
  • Paid so Far: 5,630 CAD (20% Paid)
  • Remaining Lease Payments: 10,560 CAD
  • Residual Value: 11,484 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 5,630 CAD Total Vehicle Value: 27,674 CAD
20% Paid
80%
Vehicle Debt Breakdown
Downpayment: 350 CAD Remaining Term: 10,560 CAD
Term Paid so Far: 5,280 CAD Residual Value: 11,484 CAD
1%
19%
38%
42%
Cost to Own
Already Paid: 5,630 CAD (20%)
Required Downpayment: 0 CAD (0%)Buyout Price Today: 22,044 CAD
20% Paid
0%
80%
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: 22,044 CAD

  • 4.9%Interest Rate x 48 months
  • 507 CAD/month + tax
  • Total Payable: 24,320 CAD
  • Total Interest: 2,276 CAD
  • 8.9%Interest Rate x 48 months
  • 548 CAD/month + tax
  • Total Payable: 26,281 CAD
  • Total Interest: 4,237 CAD
  • 14.9%Interest Rate x 48 months
  • 612 CAD/month + tax
  • Total Payable: 29,394 CAD
  • Total Interest: 7,350 CAD

At the end of the Lease Contract

Residual Value: 11,484 CAD (in 40 months)

  • 4.9%Interest Rate x 48 months
  • 264 CAD/month + tax
  • Total Payable: 12,670 CAD
  • Total Interest: 1,186 CAD
  • 8.9%Interest Rate x 48 months
  • 285 CAD/month + tax
  • Total Payable: 13,691 CAD
  • Total Interest: 2,207 CAD
  • 14.9%Interest Rate x 48 months
  • 319 CAD/month + tax
  • Total Payable: 15,313 CAD
  • Total Interest: 3,829 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)
12.25
  • + tax
  • + fuel
  • + insurance
(or 0.12CAD per km)
  • 15.84CAD/100km (Original Contract back in Oct, 2019)
Time Analysis
Cost per day: (CAD)
8.68
  • + tax
  • + insurance
  • + km driven & fuel
(0.08CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
497.37
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Oct, 2019)

Seller Contact Info

This Contract was Already Transferred.

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