Payment Analysis
336.28CAD/monthin Mississauga, ON
- 336.28 CAD/month
- 155.21 CAD/bi-weekly
- 77.60 CAD/week
- 4,035.36 CAD/year
Before Taxes:
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:
16,312 CAD
compared to leasing a BRAND NEW:
- Hyundai Sonata Preferred (MSRP 30,000)
- for 33 months (please, note this contract is way shorter)
- in Ontario
- $0 down payment
- 36,000 km/year (please, note this contract has way more)
Leasing New (CAD/month) | 655 |
---|---|
This Contract (CAD/month) | 336 |
Monthly Difference | 319 CAD/month |
Remaining Term | x 48 months |
Total Monthly Difference | = 15,312 CAD |
+ Cash Incentive** (CAD) | + 1,000 |
Total Savings (CAD) | = 16,312 |
** "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:
25,708 CAD
- Total Vehicle Debt: 30,744 CAD
- Paid so Far: 4,035 CAD (13% Paid)
- Remaining Lease Payments: 16,141 CAD
- Residual Value: 10,567 CAD
- Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: 4,035 CAD Total Vehicle Value: 30,744 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 16,141 CAD
Term Paid so Far: 4,035 CAD Residual Value: 10,567 CAD
Cost to Own
Already Paid: 4,035 CAD (13%)
Cash Incentive: 1,000 CAD Buyout Price Today: 25,708 CAD
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: 25,708 CAD
- 4.9%Interest Rate x 48 months
- 591 CAD/month + tax
- Total Payable: 28,362 CAD
- Total Interest: 2,654 CAD
- 8.9%Interest Rate x 48 months
- 639 CAD/month + tax
- Total Payable: 30,650 CAD
- Total Interest: 4,941 CAD
- 14.9%Interest Rate x 48 months
- 714 CAD/month + tax
- Total Payable: 34,281 CAD
- Total Interest: 8,572 CAD
At the end of the Lease Contract
Residual Value: 10,567 CAD (in 48 months)
- 4.9%Interest Rate x 48 months
- 243 CAD/month + tax
- Total Payable: 11,658 CAD
- Total Interest: 1,091 CAD
- 8.9%Interest Rate x 48 months
- 262 CAD/month + tax
- Total Payable: 12,598 CAD
- Total Interest: 2,031 CAD
- 14.9%Interest Rate x 48 months
- 294 CAD/month + tax
- Total Payable: 14,091 CAD
- Total Interest: 3,524 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)
25.66
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
10.37
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
283.65
- km/week
- without any
- additional costs
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