Payment Analysis
312.66CAD/monthin Montréal, QC
- 312.66 CAD/month
- 144.30 CAD/bi-weekly
- 72.15 CAD/week
- 3,751.92 CAD/year
Before Taxes:
Incl. Québec Taxes (14.98%):
- 359.50 CAD/month
- 165.92 CAD/bi-weekly
- 82.96 CAD/week
- 4,313.96 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:
5,632 ~ 6,932 CAD
compared to leasing a BRAND NEW:
- Hyundai Elantra
- for 36 months
- in Quebec
- $0 down payment
- 20,000 km/year
Leasing New (CAD/month) | 451 |
---|---|
This Contract (CAD/month) | 313 |
Monthly Difference | 138 CAD/month |
Remaining Term | x 24 months |
Total Monthly Difference | = 3,312 CAD |
+ Cash Incentive** (CAD) | + 720 |
+ Winter Tires Cost (CAD) | + 800 ~ 1,200 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 5,632 ~ 6,932 |
** "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:
18,310 CAD
- Total Vehicle Debt: 26,533 CAD
- Paid so Far: 7,504 CAD (28% Paid)
- Remaining Lease Payments: 7,504 CAD
- Residual Value: 11,526 CAD
- Cash Incentive: 720 CAD
Vehicle Debt & Value
Paid so far: 7,504 CAD Total Vehicle Value: 26,533 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 7,504 CAD
Term Paid so Far: 7,504 CAD Residual Value: 11,526 CAD
Cost to Own
Already Paid: 7,504 CAD (28%)
Cash Incentive: 720 CAD Buyout Price Today: 18,310 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: 18,310 CAD
- 4.9%Interest Rate x 48 months
- 421 CAD/month + tax
- Total Payable: 20,200 CAD
- Total Interest: 1,890 CAD
- 8.9%Interest Rate x 48 months
- 455 CAD/month + tax
- Total Payable: 21,829 CAD
- Total Interest: 3,519 CAD
- 14.9%Interest Rate x 48 months
- 509 CAD/month + tax
- Total Payable: 24,415 CAD
- Total Interest: 6,105 CAD
At the end of the Lease Contract
Residual Value: 11,526 CAD (in 24 months)
- 4.9%Interest Rate x 48 months
- 265 CAD/month + tax
- Total Payable: 12,716 CAD
- Total Interest: 1,190 CAD
- 8.9%Interest Rate x 48 months
- 286 CAD/month + tax
- Total Payable: 13,741 CAD
- Total Interest: 2,215 CAD
- 14.9%Interest Rate x 48 months
- 320 CAD/month + tax
- Total Payable: 15,369 CAD
- Total Interest: 3,843 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)
10.94
- + tax
- + fuel
- + insurance
- 12.10CAD/100km (TODAY without the Cash Incentive)
- 18.76CAD/100km (Original Contract back in Apr, 2018)
Time Analysis
Cost per day: (CAD)
9.29
- + tax
- + insurance
- + km driven & fuel
- 10.28CAD/day (Original Contract back in Apr, 2018)
Remaining Km
Can be driven up to:
596.15
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Apr, 2018)
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