Payment Analysis

1,533.38CAD/monthin London, ON
    Before Taxes:
  • 1,533.38 CAD/month
  • 707.71 CAD/bi-weekly
  • 353.86 CAD/week
  • 18,400.56 CAD/year
Incl. Ontario Taxes (13%):
  • 1,732.72 CAD/month
  • 799.72 CAD/bi-weekly
  • 399.86 CAD/week
  • 20,792.63 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: -28,370 CAD

compared to leasing a BRAND NEW:

  • Honda Accord Sedan Sport 2.0 2WD
  • for 36 months
  • in Ontario
  • $0 down payment
  • 22,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 503
This Contract (CAD/month) 1,533
Monthly Difference -1,030 CAD/month
Remaining Term x 29 months
Total Monthly Difference = -29,870 CAD
+ Cash Incentive** (CAD) + 1,500
Total Savings (CAD) = -28,370
** "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: 82,786 CAD
  • Total Vehicle Debt: 131,821 CAD
  • Paid so Far: 47,535 CAD (36% Paid)
  • Remaining Lease Payments: 44,468 CAD
  • Residual Value: 39,818 CAD
  • Cash Incentive: 1,500 CAD
Vehicle Debt & Value
Paid so far: 47,535 CAD Total Vehicle Value: 131,821 CAD
36% Paid
64%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 44,468 CAD
Term Paid so Far: 47,535 CAD Residual Value: 39,818 CAD
0%
36%
33%
31%
Cost to Own
Already Paid: 47,535 CAD (36%)
Cash Incentive: 1,500 CAD Buyout Price Today: 82,786 CAD
36% Paid
1%
63%
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: 82,786 CAD

  • 4.9%Interest Rate x 48 months
  • 1,903 CAD/month + tax
  • Total Payable: 91,332 CAD
  • Total Interest: 8,546 CAD
  • 8.9%Interest Rate x 48 months
  • 2,056 CAD/month + tax
  • Total Payable: 98,698 CAD
  • Total Interest: 15,912 CAD
  • 14.9%Interest Rate x 48 months
  • 2,300 CAD/month + tax
  • Total Payable: 110,391 CAD
  • Total Interest: 27,605 CAD

At the end of the Lease Contract

Residual Value: 39,818 CAD (in 29 months)

  • 4.9%Interest Rate x 48 months
  • 915 CAD/month + tax
  • Total Payable: 43,929 CAD
  • Total Interest: 4,111 CAD
  • 8.9%Interest Rate x 48 months
  • 989 CAD/month + tax
  • Total Payable: 47,471 CAD
  • Total Interest: 7,653 CAD
  • 14.9%Interest Rate x 48 months
  • 1,106 CAD/month + tax
  • Total Payable: 53,095 CAD
  • Total Interest: 13,277 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)
56.69
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,500CAD incentive)
  • 58.66CAD/100km (TODAY without the Cash Incentive)
  • 115.00CAD/100km (Original Contract back in Sep, 2023)
Time Analysis
Cost per day: (CAD)
48.71
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,500CAD incentive)
  • 50.41CAD/day (Original Contract back in Sep, 2023)
Remaining Km
Can be driven up to:
603.18
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 307.69km/week (Contract Original back in Sep, 2023)

Seller Contact Info

  • Name: Moe Ektefa
  • Location: London, ON
  • Date Contract Started:
  • Date Contract Ends:

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Comes with winter mat for trunk and inside.
I will pay transfer charge on loan approval.

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