Payment Analysis

446.58CAD/monthin Toronto, ON
    Before Taxes:
  • 446.58 CAD/month
  • 206.11 CAD/bi-weekly
  • 103.06 CAD/week
  • 5,358.96 CAD/year
Incl. Ontario Taxes (13%):
  • 504.64 CAD/month
  • 232.91 CAD/bi-weekly
  • 116.45 CAD/week
  • 6,055.62 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: 10,210 ~ 11,510 CAD

compared to leasing a BRAND NEW:

  • Honda Insight Touring 4DR Automatic 2WD
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 733
This Contract (CAD/month) 447
Monthly Difference 287 CAD/month
Remaining Term x 30 months
Total Monthly Difference = 8,610 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 10,210 ~ 11,510

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 25,437 CAD
  • Total Vehicle Debt: 35,131 CAD
  • Paid so Far: 9,694 CAD (27% Paid)
  • Remaining Lease Payments: 13,397 CAD
  • Residual Value: 12,039 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 9,694 CAD Total Vehicle Value: 35,131 CAD
27% Paid
73%
Vehicle Debt Breakdown
Downpayment: 1,656 CAD Remaining Term: 13,397 CAD
Term Paid so Far: 8,038 CAD Residual Value: 12,039 CAD
4%
23%
38%
35%
Cost to Own
Already Paid: 9,694 CAD (27%)
Cash Incentive: 0 CAD Buyout Price Today: 25,437 CAD
27% Paid
0%
73%
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: 25,437 CAD

  • 4.9%Interest Rate x 48 months
  • 585 CAD/month + tax
  • Total Payable: 28,062 CAD
  • Total Interest: 2,626 CAD
  • 8.9%Interest Rate x 48 months
  • 632 CAD/month + tax
  • Total Payable: 30,326 CAD
  • Total Interest: 4,889 CAD
  • 14.9%Interest Rate x 48 months
  • 707 CAD/month + tax
  • Total Payable: 33,918 CAD
  • Total Interest: 8,482 CAD

At the end of the Lease Contract

Residual Value: 12,039 CAD (in 30 months)

  • 4.9%Interest Rate x 48 months
  • 277 CAD/month + tax
  • Total Payable: 13,282 CAD
  • Total Interest: 1,243 CAD
  • 8.9%Interest Rate x 48 months
  • 299 CAD/month + tax
  • Total Payable: 14,353 CAD
  • Total Interest: 2,314 CAD
  • 14.9%Interest Rate x 48 months
  • 334 CAD/month + tax
  • Total Payable: 16,053 CAD
  • Total Interest: 4,014 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)
20.61
  • + tax
  • + fuel
  • + insurance
(or 0.21CAD per km)
  • 21.44CAD/100km (Original Contract back in Jul, 2019)
Time Analysis
Cost per day: (CAD)
14.68
  • + tax
  • + insurance
  • + km driven & fuel
(0.11CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
500.00
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 480.77km/week (Contract Original back in Jul, 2019)

Seller Contact Info

This Contract was Already Transferred.

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