Payment Analysis

225.00CAD/monthin Ottawa, ON
    Before Taxes:
  • 225.00 CAD/month
  • 103.85 CAD/bi-weekly
  • 51.92 CAD/week
  • 2,700.00 CAD/year
Incl. Ontario Taxes (13%):
  • 254.25 CAD/month
  • 117.35 CAD/bi-weekly
  • 58.67 CAD/week
  • 3,051.00 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: 1,740 CAD

compared to leasing a BRAND NEW:

  • 2022 Hyundai Elantra Prefered
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 370
This Contract (CAD/month) 225
Monthly Difference 145 CAD/month
Remaining Term x 12 months
Total Monthly Difference = 1,740 CAD
Total Savings (CAD) = 1,740

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 11,700 CAD
  • Total Vehicle Debt: 17,100 CAD
  • Paid so Far: 5,400 CAD (31% Paid)
  • Remaining Lease Payments: 2,700 CAD
  • Residual Value: 9,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 5,400 CAD Total Vehicle Value: 17,100 CAD
31% Paid
69%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 2,700 CAD
Term Paid so Far: 5,400 CAD Residual Value: 9,000 CAD
0%
31%
15%
54%
Cost to Own
Already Paid: 5,400 CAD (31%)
Cash Incentive: 0 CAD Buyout Price Today: 11,700 CAD
31% Paid
0%
69%
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: 11,700 CAD

  • 4.9%Interest Rate x 48 months
  • 269 CAD/month + tax
  • Total Payable: 12,908 CAD
  • Total Interest: 1,208 CAD
  • 8.9%Interest Rate x 48 months
  • 291 CAD/month + tax
  • Total Payable: 13,949 CAD
  • Total Interest: 2,249 CAD
  • 14.9%Interest Rate x 48 months
  • 325 CAD/month + tax
  • Total Payable: 15,601 CAD
  • Total Interest: 3,901 CAD

At the end of the Lease Contract

Residual Value: 9,000 CAD (in 12 months)

  • 4.9%Interest Rate x 48 months
  • 207 CAD/month + tax
  • Total Payable: 9,929 CAD
  • Total Interest: 929 CAD
  • 8.9%Interest Rate x 48 months
  • 224 CAD/month + tax
  • Total Payable: 10,730 CAD
  • Total Interest: 1,730 CAD
  • 14.9%Interest Rate x 48 months
  • 250 CAD/month + tax
  • Total Payable: 12,001 CAD
  • Total Interest: 3,001 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)
6.14
  • + tax
  • + fuel
  • + insurance
(or 0.06CAD per km)
  • 13.50CAD/100km (Original Contract back in Mar, 2022)
Time Analysis
Cost per day: (CAD)
7.40
  • + tax
  • + insurance
  • + km driven & fuel
(0.27CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
846.15
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Mar, 2022)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 702 CAD/month + tax
  • Months to End: 34 months (Feb, 2027)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 20,000 km total
  • Available Now: 21,176 km/year (1,765 per month)
  • Excess Km Cost: 0.15 CAD/km
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