Payment Analysis

372.23CAD/monthin Cornwall, ON
    Before Taxes:
  • 372.23 CAD/month
  • 171.80 CAD/bi-weekly
  • 85.90 CAD/week
  • 4,466.76 CAD/year
Incl. Ontario Taxes (13%):
  • 420.62 CAD/month
  • 194.13 CAD/bi-weekly
  • 97.07 CAD/week
  • 5,047.44 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: 2,379 ~ 3,679 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Sedan SPORT CVT FWD
  • for 36 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 403
This Contract (CAD/month) 372
Monthly Difference 31 CAD/month
Remaining Term x 9 months
Total Monthly Difference = 279 CAD
+ Cash Incentive** (CAD) + 500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,379 ~ 3,679
** "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: 14,110 CAD
  • Total Vehicle Debt: 29,127 CAD
  • Paid so Far: 14,517 CAD (49% Paid)
  • Remaining Lease Payments: 3,350 CAD
  • Residual Value: 11,260 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 14,517 CAD Total Vehicle Value: 29,127 CAD
49% Paid
51%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 3,350 CAD
Term Paid so Far: 14,517 CAD Residual Value: 11,260 CAD
0%
49%
11%
40%
Cost to Own
Already Paid: 14,517 CAD (49%)
Cash Incentive: 500 CAD Buyout Price Today: 14,110 CAD
49% Paid
1%
50%
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: 14,110 CAD

  • 4.9%Interest Rate x 48 months
  • 324 CAD/month + tax
  • Total Payable: 15,566 CAD
  • Total Interest: 1,457 CAD
  • 8.9%Interest Rate x 48 months
  • 350 CAD/month + tax
  • Total Payable: 16,822 CAD
  • Total Interest: 2,712 CAD
  • 14.9%Interest Rate x 48 months
  • 392 CAD/month + tax
  • Total Payable: 18,814 CAD
  • Total Interest: 4,705 CAD

At the end of the Lease Contract

Residual Value: 11,260 CAD (in 9 months)

  • 4.9%Interest Rate x 48 months
  • 259 CAD/month + tax
  • Total Payable: 12,422 CAD
  • Total Interest: 1,162 CAD
  • 8.9%Interest Rate x 48 months
  • 280 CAD/month + tax
  • Total Payable: 13,424 CAD
  • Total Interest: 2,164 CAD
  • 14.9%Interest Rate x 48 months
  • 313 CAD/month + tax
  • Total Payable: 15,014 CAD
  • Total Interest: 3,754 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)
3.50
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 4.11CAD/100km (TODAY without the Cash Incentive)
  • 18.61CAD/100km (Original Contract back in Jul, 2019)
Time Analysis
Cost per day: (CAD)
10.41
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 12.24CAD/day (Original Contract back in Jul, 2019)
Remaining Km
Can be driven up to:
2,089.74
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in Jul, 2019)

Seller Contact Info

This Contract was Already Transferred.

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