Payment Analysis

247.85CAD/monthin Markham, ON
    Before Taxes:
  • 247.85 CAD/month
  • 114.39 CAD/bi-weekly
  • 57.20 CAD/week
  • 2,974.20 CAD/year
Incl. Ontario Taxes (13%):
  • 280.07 CAD/month
  • 129.26 CAD/bi-weekly
  • 64.63 CAD/week
  • 3,360.85 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: 2,636 ~ 3,036 CAD

compared to leasing a BRAND NEW:

  • Fit LX-Honda Sensing™
  • for 42 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 355
This Contract (CAD/month) 248
Monthly Difference 108 CAD/month
Remaining Term x 17 months
Total Monthly Difference = 1,836 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,636 ~ 3,036

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 12,813 CAD
  • Total Vehicle Debt: 23,471 CAD
  • Paid so Far: 10,658 CAD (45% Paid)
  • Remaining Lease Payments: 4,213 CAD
  • Residual Value: 8,600 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 10,658 CAD Total Vehicle Value: 23,471 CAD
45% Paid
55%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 4,213 CAD
Term Paid so Far: 10,658 CAD Residual Value: 8,600 CAD
0%
45%
18%
37%
Cost to Own
Already Paid: 10,658 CAD (45%)
Cash Incentive: 0 CAD Buyout Price Today: 12,813 CAD
45% Paid
0%
55%
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: 12,813 CAD

  • 4.9%Interest Rate x 48 months
  • 295 CAD/month + tax
  • Total Payable: 14,136 CAD
  • Total Interest: 1,323 CAD
  • 8.9%Interest Rate x 48 months
  • 318 CAD/month + tax
  • Total Payable: 15,276 CAD
  • Total Interest: 2,463 CAD
  • 14.9%Interest Rate x 48 months
  • 356 CAD/month + tax
  • Total Payable: 17,086 CAD
  • Total Interest: 4,273 CAD

At the end of the Lease Contract

Residual Value: 8,600 CAD (in 17 months)

  • 4.9%Interest Rate x 48 months
  • 198 CAD/month + tax
  • Total Payable: 9,488 CAD
  • Total Interest: 888 CAD
  • 8.9%Interest Rate x 48 months
  • 214 CAD/month + tax
  • Total Payable: 10,253 CAD
  • Total Interest: 1,653 CAD
  • 14.9%Interest Rate x 48 months
  • 239 CAD/month + tax
  • Total Payable: 11,468 CAD
  • Total Interest: 2,868 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)
5.20
  • + tax
  • + fuel
  • + insurance
(or 0.05CAD per km)
  • 14.87CAD/100km (Original Contract back in Jan, 2019)
Time Analysis
Cost per day: (CAD)
8.15
  • + tax
  • + insurance
  • + km driven & fuel
(0.19CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,099.55
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jan, 2019)

Seller Contact Info

This Contract was Already Transferred.

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