Payment Analysis

561.33CAD/monthin Victoria, BC
    Before Taxes:
  • 561.33 CAD/month
  • 259.08 CAD/bi-weekly
  • 129.54 CAD/week
  • 6,735.96 CAD/year
Incl. B.C. Taxes (12%):
  • 628.69 CAD/month
  • 290.16 CAD/bi-weekly
  • 145.08 CAD/week
  • 7,544.28 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: 14,208 CAD

compared to leasing a BRAND NEW:

  • KIA Soul EV Luxury Sunroof
  • for 36 months
  • in B.C.
  • $0 down payment
  • 16,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 815
This Contract (CAD/month) 561
Monthly Difference 254 CAD/month
Remaining Term x 52 months
Total Monthly Difference = 13,208 CAD
+ Cash Incentive** (CAD) + 1,000
Total Savings (CAD) = 14,208
** "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: 40,723 CAD
  • Total Vehicle Debt: 43,917 CAD
  • Paid so Far: 2,193 CAD (4% Paid)
  • Remaining Lease Payments: 29,189 CAD
  • Residual Value: 12,534 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 2,193 CAD Total Vehicle Value: 43,917 CAD
4% Paid
96%
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 29,189 CAD
Term Paid so Far: -2,807 CAD Residual Value: 12,534 CAD
9%
-5%
67%
29%
Cost to Own
Already Paid: 2,193 CAD (4%)
Cash Incentive: 1,000 CAD Buyout Price Today: 40,723 CAD
4% Paid
2%
94%
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: 40,723 CAD

  • 4.9%Interest Rate x 48 months
  • 936 CAD/month + tax
  • Total Payable: 44,927 CAD
  • Total Interest: 4,204 CAD
  • 8.9%Interest Rate x 48 months
  • 1,011 CAD/month + tax
  • Total Payable: 48,550 CAD
  • Total Interest: 7,827 CAD
  • 14.9%Interest Rate x 48 months
  • 1,131 CAD/month + tax
  • Total Payable: 54,302 CAD
  • Total Interest: 13,579 CAD

At the end of the Lease Contract

Residual Value: 12,534 CAD (in 52 months)

  • 4.9%Interest Rate x 48 months
  • 288 CAD/month + tax
  • Total Payable: 13,828 CAD
  • Total Interest: 1,294 CAD
  • 8.9%Interest Rate x 48 months
  • 311 CAD/month + tax
  • Total Payable: 14,943 CAD
  • Total Interest: 2,409 CAD
  • 14.9%Interest Rate x 48 months
  • 348 CAD/month + tax
  • Total Payable: 16,713 CAD
  • Total Interest: 4,179 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)
50.82
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
Time Analysis
Cost per day: (CAD)
17.82
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
Remaining Km
Can be driven up to:
246.15
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD

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