Hyundai Lease Takeover in Mississauga, ON: 2020 Hyundai Elantra Luxury CVT 2WD ID:#22284

314

+taxX 46 months

(Cash Incentive of 500CAD is applied)

This vehicle is SOLD

Payment Analysis

325.00CAD/monthin Mississauga, ON

Before Taxes:

325.00 CAD/month
150.00 CAD/bi-weekly
75.00 CAD/week
3,900.00 CAD/year

Incl. Ontario Taxes (13%):

367.25 CAD/month
169.50 CAD/bi-weekly
84.75 CAD/week
4,407.00 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: 4,750 ~ 5,150 CAD

compared to leasing a BRAND NEW:

Hyundai Elantra Luxury CVT 2WD
for 33 months
in Ontario
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	400
This Contract (CAD/month)	325
Monthly Difference	75 CAD/month
Remaining Term	x 46 months
Total Monthly Difference	= 3,450 CAD
+ Cash Incentive** (CAD)	+ 500
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
Total Savings (CAD)	= 4,750 ~ 5,150
	** "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: 29,303 CAD

Total Vehicle Debt: 25,253 CAD
Paid so Far: -4,550 CAD (-19% Paid)
Remaining Lease Payments: 14,950 CAD
Residual Value: 14,853 CAD
Cash Incentive: 500 CAD

Vehicle Debt & Value

Paid so far: -4,550 CAD Total Vehicle Value: 25,253 CAD

-19% Paid

119%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 14,950 CAD

Term Paid so Far: -4,550 CAD Residual Value: 14,853 CAD

-19%

59%

60%

Cost to Own

Already Paid: -4,550 CAD (-19%)

Cash Incentive: 500 CAD Buyout Price Today: 29,303 CAD

-19% 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: 29,303 CAD

4.9%Interest Rate x 48 months
674 CAD/month + tax
Total Payable: 32,328 CAD
Total Interest: 3,025 CAD

8.9%Interest Rate x 48 months
728 CAD/month + tax
Total Payable: 34,935 CAD
Total Interest: 5,632 CAD

14.9%Interest Rate x 48 months
814 CAD/month + tax
Total Payable: 39,074 CAD
Total Interest: 9,771 CAD

At the end of the Lease Contract

Residual Value: 14,853 CAD (in 46 months)

4.9%Interest Rate x 48 months
341 CAD/month + tax
Total Payable: 16,386 CAD
Total Interest: 1,533 CAD

8.9%Interest Rate x 48 months
369 CAD/month + tax
Total Payable: 17,708 CAD
Total Interest: 2,855 CAD

14.9%Interest Rate x 48 months
413 CAD/month + tax
Total Payable: 19,806 CAD
Total Interest: 4,953 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)

33.04

+ tax
+ fuel
+ insurance

(inlcuding the 500CAD incentive)

Time Analysis

Cost per day: (CAD)

10.33

+ tax
+ insurance
+ km driven & fuel