KIA Lease Takeover in Halifax, NS: 2017 KIA Rio5 LX+ Automatique 2WD ID:#3774 • LeaseCosts Canada

Payment Analysis

238.42CAD/monthin Halifax, NS

Before Taxes:

238.42 CAD/month
110.04 CAD/bi-weekly
55.02 CAD/week
2,861.04 CAD/year

Incl. Nova Scotia Taxes (15%):

274.18 CAD/month
126.55 CAD/bi-weekly
63.27 CAD/week
3,290.20 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: 2,750 ~ 3,150 CAD

compared to leasing a BRAND NEW:

KIA Rio Hatchback LX+
for 36 months
in Nova Scotia
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	313
This Contract (CAD/month)	238
Monthly Difference	75 CAD/month
Remaining Term	x 26 months
Total Monthly Difference	= 1,950 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
Total Savings (CAD)	= 2,750 ~ 3,150

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 11,676 CAD

Total Vehicle Debt: 19,783 CAD
Paid so Far: 8,106 CAD (40% Paid)
Remaining Lease Payments: 6,199 CAD
Residual Value: 5,477 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 8,106 CAD Total Vehicle Value: 19,783 CAD

40% Paid

60%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 6,199 CAD

Term Paid so Far: 8,106 CAD Residual Value: 5,477 CAD

40%

31%

29%

Cost to Own

Already Paid: 8,106 CAD (40%)

Cash Incentive: 0 CAD Buyout Price Today: 11,676 CAD

40% Paid

60%

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: 11,676 CAD

4.9%Interest Rate x 48 months
268 CAD/month + tax
Total Payable: 12,882 CAD
Total Interest: 1,205 CAD

8.9%Interest Rate x 48 months
290 CAD/month + tax
Total Payable: 13,921 CAD
Total Interest: 2,244 CAD

14.9%Interest Rate x 48 months
324 CAD/month + tax
Total Payable: 15,570 CAD
Total Interest: 3,893 CAD

At the end of the Lease Contract

Residual Value: 5,477 CAD (in 26 months)

4.9%Interest Rate x 48 months
126 CAD/month + tax
Total Payable: 6,043 CAD
Total Interest: 565 CAD

8.9%Interest Rate x 48 months
136 CAD/month + tax
Total Payable: 6,530 CAD
Total Interest: 1,053 CAD

14.9%Interest Rate x 48 months
152 CAD/month + tax
Total Payable: 7,304 CAD
Total Interest: 1,826 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)