Payment Analysis

305.50CAD/monthin Edmonton, AB
    Before Taxes:
  • 305.50 CAD/month
  • 141.00 CAD/bi-weekly
  • 70.50 CAD/week
  • 3,666.00 CAD/year
Incl. Alberta Taxes (5%):
  • 320.78 CAD/month
  • 148.05 CAD/bi-weekly
  • 74.03 CAD/week
  • 3,849.30 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: 3,707 ~ 4,607 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Sedan LX
  • for 30 months
  • in Alberta
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 388
This Contract (CAD/month) 306
Monthly Difference 83 CAD/month
Remaining Term x 29 months
Total Monthly Difference = 2,407 CAD
+ Cash Incentive** (CAD) + 500
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,707 ~ 4,607
** "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: 23,360 CAD
  • Total Vehicle Debt: 30,359 CAD
  • Paid so Far: 6,499 CAD (21% Paid)
  • Remaining Lease Payments: 8,860 CAD
  • Residual Value: 15,000 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 6,499 CAD Total Vehicle Value: 30,359 CAD
21% Paid
79%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 8,860 CAD
Term Paid so Far: 5,499 CAD Residual Value: 15,000 CAD
3%
18%
29%
50%
Cost to Own
Already Paid: 6,499 CAD (21%)
Cash Incentive: 500 CAD Buyout Price Today: 23,360 CAD
21% Paid
1%
78%
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: 23,360 CAD

  • 4.9%Interest Rate x 48 months
  • 537 CAD/month + tax
  • Total Payable: 25,771 CAD
  • Total Interest: 2,411 CAD
  • 8.9%Interest Rate x 48 months
  • 580 CAD/month + tax
  • Total Payable: 27,849 CAD
  • Total Interest: 4,490 CAD
  • 14.9%Interest Rate x 48 months
  • 649 CAD/month + tax
  • Total Payable: 31,149 CAD
  • Total Interest: 7,789 CAD

At the end of the Lease Contract

Residual Value: 15,000 CAD (in 29 months)

  • 4.9%Interest Rate x 48 months
  • 345 CAD/month + tax
  • Total Payable: 16,548 CAD
  • Total Interest: 1,548 CAD
  • 8.9%Interest Rate x 48 months
  • 373 CAD/month + tax
  • Total Payable: 17,883 CAD
  • Total Interest: 2,883 CAD
  • 14.9%Interest Rate x 48 months
  • 417 CAD/month + tax
  • Total Payable: 20,002 CAD
  • Total Interest: 5,002 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)
13.41
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
  • 14.21CAD/100km (TODAY without the Cash Incentive)
  • 18.33CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
9.48
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
  • 10.04CAD/day (Original Contract back in May, 2019)
Remaining Km
Can be driven up to:
496.02
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in May, 2019)

Seller Contact Info

This Contract was Already Transferred.

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