Payment Analysis

727.64CAD/monthin Kitchener, ON
    Before Taxes:
  • 727.64 CAD/month
  • 335.83 CAD/bi-weekly
  • 167.92 CAD/week
  • 8,731.68 CAD/year
Incl. Ontario Taxes (13%):
  • 822.23 CAD/month
  • 379.49 CAD/bi-weekly
  • 189.75 CAD/week
  • 9,866.80 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: 10,544 ~ 11,444 CAD

compared to leasing a BRAND NEW:

  • Honda Accord Touring Automatic 2WD w/ Wear & Tear Coverage
  • for 12 months
  • in Ontario
  • $0 down payment
  • 40,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 1,133
This Contract (CAD/month) 728
Monthly Difference 406 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 9,744 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 10,544 ~ 11,444

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 31,950 CAD
  • Total Vehicle Debt: 49,414 CAD
  • Paid so Far: 17,463 CAD (35% Paid)
  • Remaining Lease Payments: 17,463 CAD
  • Residual Value: 14,487 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 17,463 CAD Total Vehicle Value: 49,414 CAD
35% Paid
65%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,463 CAD
Term Paid so Far: 17,463 CAD Residual Value: 14,487 CAD
0%
35%
35%
30%
Cost to Own
Already Paid: 17,463 CAD (35%)
Cash Incentive: 0 CAD Buyout Price Today: 31,950 CAD
35% Paid
0%
65%
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: 31,950 CAD

  • 4.9%Interest Rate x 48 months
  • 734 CAD/month + tax
  • Total Payable: 35,249 CAD
  • Total Interest: 3,298 CAD
  • 8.9%Interest Rate x 48 months
  • 794 CAD/month + tax
  • Total Payable: 38,091 CAD
  • Total Interest: 6,141 CAD
  • 14.9%Interest Rate x 48 months
  • 888 CAD/month + tax
  • Total Payable: 42,604 CAD
  • Total Interest: 10,654 CAD

At the end of the Lease Contract

Residual Value: 14,487 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 333 CAD/month + tax
  • Total Payable: 15,983 CAD
  • Total Interest: 1,496 CAD
  • 8.9%Interest Rate x 48 months
  • 360 CAD/month + tax
  • Total Payable: 17,271 CAD
  • Total Interest: 2,784 CAD
  • 14.9%Interest Rate x 48 months
  • 402 CAD/month + tax
  • Total Payable: 19,318 CAD
  • Total Interest: 4,831 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)
27.29
  • + tax
  • + fuel
  • + insurance
(or 0.27CAD per km)
  • 36.38CAD/100km (Original Contract back in Apr, 2018)
Time Analysis
Cost per day: (CAD)
23.92
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
615.38
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in Apr, 2018)

Seller Contact Info

This Contract was Already Transferred.