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: 725 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 5 months
Total Monthly Difference = 725 CAD
Total Savings (CAD) = 725

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 10,125 CAD
  • Total Vehicle Debt: 17,100 CAD
  • Paid so Far: 6,975 CAD (40% Paid)
  • Remaining Lease Payments: 1,125 CAD
  • Residual Value: 9,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,975 CAD Total Vehicle Value: 17,100 CAD
40% Paid
60%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,125 CAD
Term Paid so Far: 6,975 CAD Residual Value: 9,000 CAD
0%
40%
6%
54%
Cost to Own
Already Paid: 6,975 CAD (40%)
Cash Incentive: 0 CAD Buyout Price Today: 10,125 CAD
40% Paid
0%
60%
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: 10,125 CAD

  • 4.9%Interest Rate x 48 months
  • 233 CAD/month + tax
  • Total Payable: 11,170 CAD
  • Total Interest: 1,045 CAD
  • 8.9%Interest Rate x 48 months
  • 251 CAD/month + tax
  • Total Payable: 12,071 CAD
  • Total Interest: 1,946 CAD
  • 14.9%Interest Rate x 48 months
  • 281 CAD/month + tax
  • Total Payable: 13,501 CAD
  • Total Interest: 3,376 CAD

At the end of the Lease Contract

Residual Value: 9,000 CAD (in 5 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)
2.56
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 13.50CAD/100km (Original Contract back in Mar, 2022)
Time Analysis
Cost per day: (CAD)
7.40
  • + tax
  • + insurance
  • + km driven & fuel
(0.66CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
2,030.77
  • 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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