Payment Analysis

216.00CAD/monthin Sault Ste. Marie, ON
    Before Taxes:
  • 216.00 CAD/month
  • 99.69 CAD/bi-weekly
  • 49.85 CAD/week
  • 2,592.00 CAD/year
Incl. Ontario Taxes (13%):
  • 244.08 CAD/month
  • 112.65 CAD/bi-weekly
  • 56.33 CAD/week
  • 2,928.96 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: 2,470 ~ 3,770 CAD

compared to leasing a BRAND NEW:

  • Honda Civic, touring Automatic 2WD Navigation, heated rear seats
  • for 54 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 361
This Contract (CAD/month) 216
Monthly Difference 145 CAD/month
Remaining Term x 6 months
Total Monthly Difference = 870 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,470 ~ 3,770

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 31,296 CAD
  • Total Vehicle Debt: 42,744 CAD
  • Paid so Far: 11,448 CAD (26% Paid)
  • Remaining Lease Payments: 1,296 CAD
  • Residual Value: 30,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 11,448 CAD Total Vehicle Value: 42,744 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,296 CAD
Term Paid so Far: 11,448 CAD Residual Value: 30,000 CAD
0%
26%
3%
71%
Cost to Own
Already Paid: 11,448 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 31,296 CAD
26% Paid
0%
74%
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: 31,296 CAD

  • 4.9%Interest Rate x 48 months
  • 719 CAD/month + tax
  • Total Payable: 34,527 CAD
  • Total Interest: 3,231 CAD
  • 8.9%Interest Rate x 48 months
  • 777 CAD/month + tax
  • Total Payable: 37,311 CAD
  • Total Interest: 6,015 CAD
  • 14.9%Interest Rate x 48 months
  • 869 CAD/month + tax
  • Total Payable: 41,731 CAD
  • Total Interest: 10,435 CAD

At the end of the Lease Contract

Residual Value: 30,000 CAD (in 6 months)

  • 4.9%Interest Rate x 48 months
  • 690 CAD/month + tax
  • Total Payable: 33,097 CAD
  • Total Interest: 3,097 CAD
  • 8.9%Interest Rate x 48 months
  • 745 CAD/month + tax
  • Total Payable: 35,766 CAD
  • Total Interest: 5,766 CAD
  • 14.9%Interest Rate x 48 months
  • 833 CAD/month + tax
  • Total Payable: 40,003 CAD
  • Total Interest: 10,003 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)
1.34
  • + tax
  • + fuel
  • + insurance
(or 0.01CAD per km)
  • 12.96CAD/100km (Original Contract back in Nov, 2020)
Time Analysis
Cost per day: (CAD)
7.10
  • + tax
  • + insurance
  • + km driven & fuel
(0.55CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
3,712.82
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Nov, 2020)

Seller Contact Info

This Contract was Already Transferred.

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