Payment Analysis
325.00CAD/monthin Mississauga, ON
- 325.00 CAD/month
- 150.00 CAD/bi-weekly
- 75.00 CAD/week
- 3,900.00 CAD/year
Before Taxes:
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:
2,800 ~ 3,200 CAD
compared to leasing a BRAND NEW:
- Hyundai Elantra Luxury CVT 2WD
- for 33 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 400 |
|---|---|
| This Contract (CAD/month) | 325 |
| Monthly Difference | 75 CAD/month |
| Remaining Term | x 20 months |
| Total Monthly Difference | = 1,500 CAD |
| + Cash Incentive** (CAD) | + 500 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 2,800 ~ 3,200 |
| ** "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:
20,853 CAD
- Total Vehicle Debt: 25,253 CAD
- Paid so Far: 3,900 CAD (15% Paid)
- Remaining Lease Payments: 6,500 CAD
- Residual Value: 14,853 CAD
- Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 3,900 CAD Total Vehicle Value: 25,253 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,500 CAD
Term Paid so Far: 3,900 CAD Residual Value: 14,853 CAD
Cost to Own
Already Paid: 3,900 CAD (15%)
Cash Incentive: 500 CAD Buyout Price Today: 20,853 CAD
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: 20,853 CAD
- 4.9%Interest Rate x 48 months
- 479 CAD/month + tax
- Total Payable: 23,006 CAD
- Total Interest: 2,153 CAD
- 8.9%Interest Rate x 48 months
- 518 CAD/month + tax
- Total Payable: 24,861 CAD
- Total Interest: 4,008 CAD
- 14.9%Interest Rate x 48 months
- 579 CAD/month + tax
- Total Payable: 27,806 CAD
- Total Interest: 6,953 CAD
At the end of the Lease Contract
Residual Value: 14,853 CAD (in 20 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)
13.72
- + tax
- + fuel
- + insurance
- 14.86CAD/100km (TODAY without the Cash Incentive)
- 19.50CAD/100km (Original Contract back in Dec, 2019)
Time Analysis
Cost per day: (CAD)
9.86
- + tax
- + insurance
- + km driven & fuel
- 10.68CAD/day (Original Contract back in Dec, 2019)
Remaining Km
Can be driven up to:
504.62
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Dec, 2019)
