Payment Analysis

533.76CAD/monthin Hamilton, ON
    Before Taxes:
  • 533.76 CAD/month
  • 246.35 CAD/bi-weekly
  • 123.18 CAD/week
  • 6,405.12 CAD/year
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: 4,406 ~ 4,806 CAD

compared to leasing a BRAND NEW:

  • Honda Accord Sedan Touring
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 597
This Contract (CAD/month) 534
Monthly Difference 64 CAD/month
Remaining Term x 29 months
Total Monthly Difference = 1,856 CAD
+ Cash Incentive** (CAD) + 1,750
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 4,406 ~ 4,806
** "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: 28,165 CAD
  • Total Vehicle Debt: 46,462 CAD
  • Paid so Far: 16,547 CAD (35% Paid)
  • Remaining Lease Payments: 15,479 CAD
  • Residual Value: 14,436 CAD
  • Cash Incentive: 1,750 CAD
Vehicle Debt & Value
Paid so far: 16,547 CAD Total Vehicle Value: 46,462 CAD
35% Paid
65%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 15,479 CAD
Term Paid so Far: 16,547 CAD Residual Value: 14,436 CAD
0%
35%
33%
32%
Cost to Own
Already Paid: 16,547 CAD (35%)
Cash Incentive: 1,750 CAD Buyout Price Today: 28,165 CAD
35% Paid
3%
62%
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: 28,165 CAD

  • 4.9%Interest Rate x 48 months
  • 647 CAD/month + tax
  • Total Payable: 31,073 CAD
  • Total Interest: 2,908 CAD
  • 8.9%Interest Rate x 48 months
  • 700 CAD/month + tax
  • Total Payable: 33,578 CAD
  • Total Interest: 5,413 CAD
  • 14.9%Interest Rate x 48 months
  • 782 CAD/month + tax
  • Total Payable: 37,557 CAD
  • Total Interest: 9,391 CAD

At the end of the Lease Contract

Residual Value: 14,436 CAD (in 29 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)
15.34
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,750CAD incentive)
  • 17.30CAD/100km (TODAY without the Cash Incentive)
  • 32.03CAD/100km (Original Contract back in Apr, 2019)
Time Analysis
Cost per day: (CAD)
15.56
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,750CAD incentive)
  • 17.55CAD/day (Original Contract back in Apr, 2019)
Remaining Km
Can be driven up to:
712.20
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Apr, 2019)

Seller Contact Info

This Contract was Already Transferred.

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