Payment Analysis
305.50CAD/monthin Edmonton, AB
- 305.50 CAD/month
- 141.00 CAD/bi-weekly
- 70.50 CAD/week
- 3,666.00 CAD/year
Before Taxes:
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:
2,296 ~ 3,196 CAD
compared to leasing a BRAND NEW:
- Honda Civic Sedan LX
- for 30 months
- in Alberta
- $0 down payment
- 24,000 km/year
Leasing New (CAD/month) | 388 |
---|---|
This Contract (CAD/month) | 306 |
Monthly Difference | 83 CAD/month |
Remaining Term | x 12 months |
Total Monthly Difference | = 996 CAD |
+ Cash Incentive** (CAD) | + 500 |
+ Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
Total Savings (CAD) | = 2,296 ~ 3,196 |
** "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:
18,166 CAD
- Total Vehicle Debt: 30,359 CAD
- Paid so Far: 11,693 CAD (38% Paid)
- Remaining Lease Payments: 3,666 CAD
- Residual Value: 15,000 CAD
- Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: 11,693 CAD Total Vehicle Value: 30,359 CAD
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 3,666 CAD
Term Paid so Far: 10,693 CAD Residual Value: 15,000 CAD
Cost to Own
Already Paid: 11,693 CAD (38%)
Cash Incentive: 500 CAD Buyout Price Today: 18,166 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: 18,166 CAD
- 4.9%Interest Rate x 48 months
- 418 CAD/month + tax
- Total Payable: 20,041 CAD
- Total Interest: 1,875 CAD
- 8.9%Interest Rate x 48 months
- 451 CAD/month + tax
- Total Payable: 21,658 CAD
- Total Interest: 3,492 CAD
- 14.9%Interest Rate x 48 months
- 505 CAD/month + tax
- Total Payable: 24,223 CAD
- Total Interest: 6,057 CAD
At the end of the Lease Contract
Residual Value: 15,000 CAD (in 12 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)
5.08
- + tax
- + fuel
- + insurance
- 5.88CAD/100km (TODAY without the Cash Incentive)
- 18.33CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
8.67
- + tax
- + insurance
- + km driven & fuel
- 10.04CAD/day (Original Contract back in May, 2019)
Remaining Km
Can be driven up to:
1,198.72
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2019)