Payment Analysis

513.73CAD/monthin Stittsville, ON
    Before Taxes:
  • 513.73 CAD/month
  • 237.11 CAD/bi-weekly
  • 118.55 CAD/week
  • 6,164.76 CAD/year
Incl. Ontario Taxes (13%):
  • 580.51 CAD/month
  • 267.93 CAD/bi-weekly
  • 133.96 CAD/week
  • 6,966.18 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: 2,830 ~ 3,230 CAD

compared to leasing a BRAND NEW:

  • 2024 Sportage EX Premium
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 803
This Contract (CAD/month) 514
Monthly Difference 290 CAD/month
Remaining Term x 7 months
Total Monthly Difference = 2,030 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,830 ~ 3,230

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,706 CAD
  • Total Vehicle Debt: 47,255 CAD
  • Paid so Far: 20,549 CAD (43% Paid)
  • Remaining Lease Payments: 3,596 CAD
  • Residual Value: 23,110 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 20,549 CAD Total Vehicle Value: 47,255 CAD
43% Paid
57%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 3,596 CAD
Term Paid so Far: 20,549 CAD Residual Value: 23,110 CAD
0%
43%
7%
50%
Cost to Own
Already Paid: 20,549 CAD (43%)
Cash Incentive: 0 CAD Buyout Price Today: 26,706 CAD
43% Paid
0%
57%
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: 26,706 CAD

  • 4.9%Interest Rate x 48 months
  • 614 CAD/month + tax
  • Total Payable: 29,463 CAD
  • Total Interest: 2,757 CAD
  • 8.9%Interest Rate x 48 months
  • 663 CAD/month + tax
  • Total Payable: 31,839 CAD
  • Total Interest: 5,133 CAD
  • 14.9%Interest Rate x 48 months
  • 742 CAD/month + tax
  • Total Payable: 35,611 CAD
  • Total Interest: 8,905 CAD

At the end of the Lease Contract

Residual Value: 23,110 CAD (in 7 months)

  • 4.9%Interest Rate x 48 months
  • 531 CAD/month + tax
  • Total Payable: 25,496 CAD
  • Total Interest: 2,386 CAD
  • 8.9%Interest Rate x 48 months
  • 574 CAD/month + tax
  • Total Payable: 27,552 CAD
  • Total Interest: 4,442 CAD
  • 14.9%Interest Rate x 48 months
  • 642 CAD/month + tax
  • Total Payable: 30,816 CAD
  • Total Interest: 7,706 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)
6.33
  • + tax
  • + fuel
  • + insurance
(or 0.06CAD per km)
  • 30.82CAD/100km (Original Contract back in Jun, 2022)
Time Analysis
Cost per day: (CAD)
16.89
  • + tax
  • + insurance
  • + km driven & fuel
(0.47CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,873.63
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jun, 2022)

Seller Contact Info

This Contract was Already Transferred.

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