Payment Analysis

370.50CAD/monthin Barrie/Angus, ON
    Before Taxes:
  • 370.50 CAD/month
  • 171.00 CAD/bi-weekly
  • 85.50 CAD/week
  • 4,446.00 CAD/year
Incl. Ontario Taxes (13%):
  • 418.67 CAD/month
  • 193.23 CAD/bi-weekly
  • 96.62 CAD/week
  • 5,023.98 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: 1,218 ~ 2,118 CAD

compared to leasing a BRAND NEW:

  • 2023 Kia Soul EX Premium
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 512
This Contract (CAD/month) 371
Monthly Difference 142 CAD/month
Remaining Term x 0 months
Total Monthly Difference = 0 CAD
+ Cash Incentive** (CAD) + 418
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,218 ~ 2,118
** "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: 16,836 CAD
  • Total Vehicle Debt: 35,038 CAD
  • Paid so Far: 17,784 CAD (50% Paid)
  • Remaining Lease Payments: 0 CAD
  • Residual Value: 17,254 CAD
  • Cash Incentive: 418 CAD
Vehicle Debt & Value
Paid so far: 17,784 CAD Total Vehicle Value: 35,038 CAD
50% Paid
50%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 0 CAD
Term Paid so Far: 17,784 CAD Residual Value: 17,254 CAD
0%
50%
0%
50%
Cost to Own
Already Paid: 17,784 CAD (50%)
Cash Incentive: 418 CAD Buyout Price Today: 16,836 CAD
50% Paid
1%
49%
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: 16,836 CAD

  • 4.9%Interest Rate x 48 months
  • 387 CAD/month + tax
  • Total Payable: 18,574 CAD
  • Total Interest: 1,738 CAD
  • 8.9%Interest Rate x 48 months
  • 418 CAD/month + tax
  • Total Payable: 20,072 CAD
  • Total Interest: 3,236 CAD
  • 14.9%Interest Rate x 48 months
  • 468 CAD/month + tax
  • Total Payable: 22,449 CAD
  • Total Interest: 5,614 CAD

At the end of the Lease Contract

Residual Value: 17,254 CAD (in 1 months)

  • 4.9%Interest Rate x 48 months
  • 397 CAD/month + tax
  • Total Payable: 19,035 CAD
  • Total Interest: 1,781 CAD
  • 8.9%Interest Rate x 48 months
  • 429 CAD/month + tax
  • Total Payable: 20,570 CAD
  • Total Interest: 3,316 CAD
  • 14.9%Interest Rate x 48 months
  • 479 CAD/month + tax
  • Total Payable: 23,007 CAD
  • Total Interest: 5,753 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)
-0.07
  • + tax
  • + fuel
  • + insurance
(inlcuding the 418CAD incentive)
  • 0.57CAD/100km (TODAY without the Cash Incentive)
  • 22.23CAD/100km (Original Contract back in Apr, 2022)
Time Analysis
Cost per day: (CAD)
-1.56
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 418CAD incentive)
  • 12.18CAD/day (Original Contract back in Apr, 2022)
Remaining Km
Can be driven up to:
15,037.85
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Apr, 2022)

Seller Contact Info

This Contract was Already Transferred.

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