Hyundai Lease Takeover in Vaughan, ON: 2020 Hyundai Elantra Preferred w/ Sun & Safety Automatique AWD ID:#24399 • LeaseCosts Canada

Payment Analysis

336.28CAD/monthin Vaughan, ON

Before Taxes:

336.28 CAD/month
155.21 CAD/bi-weekly
77.60 CAD/week
4,035.36 CAD/year

Incl. Ontario Taxes (13%):

380.00 CAD/month
175.38 CAD/bi-weekly
87.69 CAD/week
4,559.96 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: 3,290 ~ 4,590 CAD

compared to leasing a BRAND NEW:

ELANTRA Preferred IVT with Sun and Tech Package ($1,500.00)
for 24 months
in Ontario
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	505
This Contract (CAD/month)	336
Monthly Difference	169 CAD/month
Remaining Term	x 10 months
Total Monthly Difference	= 1,690 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 3,290 ~ 4,590

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,582 CAD

Total Vehicle Debt: 24,325 CAD
Paid so Far: 8,743 CAD (35% Paid)
Remaining Lease Payments: 3,363 CAD
Residual Value: 12,219 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 8,743 CAD Total Vehicle Value: 24,325 CAD

35% Paid

65%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 3,363 CAD

Term Paid so Far: 8,743 CAD Residual Value: 12,219 CAD

35%

14%

51%

Cost to Own

Already Paid: 8,743 CAD (35%)

Cash Incentive: 0 CAD Buyout Price Today: 15,582 CAD

35% Paid

65%

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: 15,582 CAD

4.9%Interest Rate x 48 months
358 CAD/month + tax
Total Payable: 17,190 CAD
Total Interest: 1,609 CAD

8.9%Interest Rate x 48 months
387 CAD/month + tax
Total Payable: 18,577 CAD
Total Interest: 2,995 CAD

14.9%Interest Rate x 48 months
433 CAD/month + tax
Total Payable: 20,777 CAD
Total Interest: 5,196 CAD

At the end of the Lease Contract

Residual Value: 12,219 CAD (in 10 months)

4.9%Interest Rate x 48 months
281 CAD/month + tax
Total Payable: 13,480 CAD
Total Interest: 1,261 CAD

8.9%Interest Rate x 48 months
303 CAD/month + tax
Total Payable: 14,568 CAD
Total Interest: 2,349 CAD

14.9%Interest Rate x 48 months
339 CAD/month + tax
Total Payable: 16,293 CAD
Total Interest: 4,074 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)