Payment Analysis

209.00CAD/monthin Halifax, NS
    Before Taxes:
  • 209.00 CAD/month
  • 96.46 CAD/bi-weekly
  • 48.23 CAD/week
  • 2,508.00 CAD/year
Incl. Nova Scotia Taxes (15%):
  • 240.35 CAD/month
  • 110.93 CAD/bi-weekly
  • 55.47 CAD/week
  • 2,884.20 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: 710 ~ 1,110 CAD

compared to leasing a BRAND NEW:

  • Hyundai Elantra Preferred Automatic 2WD
  • for 39 months
  • in NS
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 303
This Contract (CAD/month) 209
Monthly Difference 94 CAD/month
Remaining Term x 15 months
Total Monthly Difference = 1,410 CAD
- Required Payment** (CAD) - 1,500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 710 ~ 1,110
** The Required Payment from the vehicle owner.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,640 CAD
  • Total Vehicle Debt: 26,037 CAD
  • Paid so Far: 11,897 CAD (45% Paid)
  • Remaining Lease Payments: 3,135 CAD
  • Residual Value: 11,005 CAD
  • Required Payment: 1,500 CAD
Vehicle Debt & Value
Paid so far: 11,897 CAD Total Vehicle Value: 26,037 CAD
45% Paid
55%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 3,135 CAD
Term Paid so Far: 6,897 CAD Residual Value: 11,005 CAD
18%
27%
12%
43%
Cost to Own
Already Paid: 11,897 CAD (45%)
Required Payment: 1,500 CAD (5%)Buyout Price Today: 15,640 CAD
40% Paid
5%
55%
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: 15,640 CAD

  • 4.9%Interest Rate x 48 months
  • 359 CAD/month + tax
  • Total Payable: 17,255 CAD
  • Total Interest: 1,615 CAD
  • 8.9%Interest Rate x 48 months
  • 388 CAD/month + tax
  • Total Payable: 18,646 CAD
  • Total Interest: 3,006 CAD
  • 14.9%Interest Rate x 48 months
  • 434 CAD/month + tax
  • Total Payable: 20,855 CAD
  • Total Interest: 5,215 CAD

At the end of the Lease Contract

Residual Value: 11,005 CAD (in 15 months)

  • 4.9%Interest Rate x 48 months
  • 253 CAD/month + tax
  • Total Payable: 12,141 CAD
  • Total Interest: 1,136 CAD
  • 8.9%Interest Rate x 48 months
  • 273 CAD/month + tax
  • Total Payable: 13,120 CAD
  • Total Interest: 2,115 CAD
  • 14.9%Interest Rate x 48 months
  • 306 CAD/month + tax
  • Total Payable: 14,675 CAD
  • Total Interest: 3,670 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)
6.44
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,500CAD incentive)
  • 4.35CAD/100km (TODAY without the Cash Incentive)
  • 12.54CAD/100km (Original Contract back in Dec, 2020)
Time Analysis
Cost per day: (CAD)
10.16
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,500CAD incentive)
  • 6.87CAD/day (Original Contract back in Dec, 2020)
Remaining Km
Can be driven up to:
1,107.69
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Dec, 2020)

Seller Contact Info

This Contract was Already Transferred.

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