Payment Analysis
727.64CAD/monthin Kitchener, ON
- 727.64 CAD/month
- 335.83 CAD/bi-weekly
- 167.92 CAD/week
- 8,731.68 CAD/year
Before Taxes:
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
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
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,463 CAD
Term Paid so Far: 17,463 CAD Residual Value: 14,487 CAD
Cost to Own
Already Paid: 17,463 CAD (35%)
Cash Incentive: 0 CAD Buyout Price Today: 31,950 CAD
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
- 36.38CAD/100km (Original Contract back in Apr, 2018)
Time Analysis
Cost per day: (CAD)
23.92
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
615.38
- km/week
- without any
- additional costs
- 461.54km/week (Contract Original back in Apr, 2018)