Payment Analysis
533.76CAD/monthin Hamilton, ON
- 533.76 CAD/month
- 246.35 CAD/bi-weekly
- 123.18 CAD/week
- 6,405.12 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 603.15 CAD/month
- 278.38 CAD/bi-weekly
- 139.19 CAD/week
- 7,237.79 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:
2,550 ~ 2,950 CAD
compared to leasing a BRAND NEW:
- Honda Accord Sedan Touring
- for 36 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 597 |
|---|---|
| This Contract (CAD/month) | 534 |
| Monthly Difference | 64 CAD/month |
| Remaining Term | x 0 months |
| Total Monthly Difference | = 0 CAD |
| + Cash Incentive** (CAD) | + 1,750 |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| Total Savings (CAD) | = 2,550 ~ 2,950 |
| ** "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:
12,686 CAD
- Total Vehicle Debt: 46,462 CAD
- Paid so Far: 32,026 CAD (68% Paid)
- Remaining Lease Payments: 0 CAD
- Residual Value: 14,436 CAD
- Cash Incentive: 1,750 CAD
Vehicle Debt & Value
Paid so far: 32,026 CAD Total Vehicle Value: 46,462 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 0 CAD
Term Paid so Far: 32,026 CAD Residual Value: 14,436 CAD
Cost to Own
Already Paid: 32,026 CAD (68%)
Cash Incentive: 1,750 CAD Buyout Price Today: 12,686 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: 12,686 CAD
- 4.9%Interest Rate x 48 months
- 292 CAD/month + tax
- Total Payable: 13,996 CAD
- Total Interest: 1,310 CAD
- 8.9%Interest Rate x 48 months
- 315 CAD/month + tax
- Total Payable: 15,124 CAD
- Total Interest: 2,438 CAD
- 14.9%Interest Rate x 48 months
- 352 CAD/month + tax
- Total Payable: 16,916 CAD
- Total Interest: 4,230 CAD
At the end of the Lease Contract
Residual Value: 14,436 CAD (in 1 months)
- 4.9%Interest Rate x 48 months
- 332 CAD/month + tax
- Total Payable: 15,926 CAD
- Total Interest: 1,490 CAD
- 8.9%Interest Rate x 48 months
- 359 CAD/month + tax
- Total Payable: 17,211 CAD
- Total Interest: 2,775 CAD
- 14.9%Interest Rate x 48 months
- 401 CAD/month + tax
- Total Payable: 19,250 CAD
- Total Interest: 4,814 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)
-1.36
- + tax
- + fuel
- + insurance
- 0.60CAD/100km (TODAY without the Cash Incentive)
- 32.03CAD/100km (Original Contract back in Apr, 2019)
Time Analysis
Cost per day: (CAD)
-39.99
- + tax
- + insurance
- + km driven & fuel
- 17.55CAD/day (Original Contract back in Apr, 2019)
Remaining Km
Can be driven up to:
20,653.85
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Apr, 2019)
