Payment Analysis

610.72CAD/monthin Ottawa, ON
    Before Taxes:
  • 610.72 CAD/month
  • 281.87 CAD/bi-weekly
  • 140.94 CAD/week
  • 7,328.64 CAD/year
Incl. Ontario Taxes (13%):
  • 690.11 CAD/month
  • 318.51 CAD/bi-weekly
  • 159.26 CAD/week
  • 8,281.36 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: 1,170 ~ 2,470 CAD

compared to leasing a BRAND NEW:

  • HYUNDAI SONATA Hybrid Ultimate
  • for 48 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 524
This Contract (CAD/month) 611
Monthly Difference -86 CAD/month
Remaining Term x 5 months
Total Monthly Difference = -430 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,170 ~ 2,470

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 18,640 CAD
  • Total Vehicle Debt: 52,229 CAD
  • Paid so Far: 33,590 CAD (64% Paid)
  • Remaining Lease Payments: 3,054 CAD
  • Residual Value: 15,586 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 33,590 CAD Total Vehicle Value: 52,229 CAD
64% Paid
36%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 3,054 CAD
Term Paid so Far: 33,590 CAD Residual Value: 15,586 CAD
0%
64%
5%
31%
Cost to Own
Already Paid: 33,590 CAD (64%)
Cash Incentive: 0 CAD Buyout Price Today: 18,640 CAD
64% Paid
0%
36%
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: 18,640 CAD

  • 4.9%Interest Rate x 48 months
  • 428 CAD/month + tax
  • Total Payable: 20,564 CAD
  • Total Interest: 1,924 CAD
  • 8.9%Interest Rate x 48 months
  • 463 CAD/month + tax
  • Total Payable: 22,222 CAD
  • Total Interest: 3,583 CAD
  • 14.9%Interest Rate x 48 months
  • 518 CAD/month + tax
  • Total Payable: 24,855 CAD
  • Total Interest: 6,215 CAD

At the end of the Lease Contract

Residual Value: 15,586 CAD (in 5 months)

  • 4.9%Interest Rate x 48 months
  • 358 CAD/month + tax
  • Total Payable: 17,195 CAD
  • Total Interest: 1,609 CAD
  • 8.9%Interest Rate x 48 months
  • 387 CAD/month + tax
  • Total Payable: 18,582 CAD
  • Total Interest: 2,996 CAD
  • 14.9%Interest Rate x 48 months
  • 433 CAD/month + tax
  • Total Payable: 20,783 CAD
  • Total Interest: 5,197 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)
3.28
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 36.64CAD/100km (Original Contract back in Jun, 2021)
Time Analysis
Cost per day: (CAD)
20.08
  • + tax
  • + insurance
  • + km driven & fuel
(0.66CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
4,292.31
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jun, 2021)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 659 CAD/month + tax
  • Cash Incentive: 1,000 CAD
  • Payment After Incentive: 604 CAD/month + tax
  • Residual Value: 24,995 CAD
  • Months to End: 18 months (Jun, 2027)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 40,739 km total
  • Available Now: 26,174 km/year (2,181 per month)
  • Excess Km Cost: 0.12 CAD/km
See all Details