Payment Analysis
464.00CAD/monthin Milton,ON
- 464.00 CAD/month
- 214.15 CAD/bi-weekly
- 107.08 CAD/week
- 5,568.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 524.32 CAD/month
- 241.99 CAD/bi-weekly
- 121.00 CAD/week
- 6,291.84 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:
4,034 ~ 4,934 CAD
compared to leasing a BRAND NEW:
- Honda Accord Sedan SPORT
- for 42 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 503 |
|---|---|
| This Contract (CAD/month) | 464 |
| Monthly Difference | 39 CAD/month |
| Remaining Term | x 6 months |
| Total Monthly Difference | = 234 CAD |
| + Cash Incentive** (CAD) | + 3,000 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 4,034 ~ 4,934 |
| ** "Cash Incentive" is not just a saving, it is physical money. |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
12,584 CAD
- Total Vehicle Debt: 41,640 CAD
- Paid so Far: 26,056 CAD (62% Paid)
- Remaining Lease Payments: 2,784 CAD
- Residual Value: 12,800 CAD
- Cash Incentive: 3,000 CAD
Vehicle Debt & Value
Paid so far: 26,056 CAD Total Vehicle Value: 41,640 CAD
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 2,784 CAD
Term Paid so Far: 25,056 CAD Residual Value: 12,800 CAD
Cost to Own
Already Paid: 26,056 CAD (62%)
Cash Incentive: 3,000 CAD Buyout Price Today: 12,584 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: 12,584 CAD
- 4.9%Interest Rate x 48 months
- 289 CAD/month + tax
- Total Payable: 13,883 CAD
- Total Interest: 1,299 CAD
- 8.9%Interest Rate x 48 months
- 313 CAD/month + tax
- Total Payable: 15,003 CAD
- Total Interest: 2,419 CAD
- 14.9%Interest Rate x 48 months
- 350 CAD/month + tax
- Total Payable: 16,780 CAD
- Total Interest: 4,196 CAD
At the end of the Lease Contract
Residual Value: 12,800 CAD (in 6 months)
- 4.9%Interest Rate x 48 months
- 294 CAD/month + tax
- Total Payable: 14,121 CAD
- Total Interest: 1,321 CAD
- 8.9%Interest Rate x 48 months
- 318 CAD/month + tax
- Total Payable: 15,260 CAD
- Total Interest: 2,460 CAD
- 14.9%Interest Rate x 48 months
- 356 CAD/month + tax
- Total Payable: 17,068 CAD
- Total Interest: 4,268 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)
-0.31
- + tax
- + fuel
- + insurance
- 4.03CAD/100km (TODAY without the Cash Incentive)
- 27.84CAD/100km (Original Contract back in Nov, 2019)
Time Analysis
Cost per day: (CAD)
-1.18
- + tax
- + insurance
- + km driven & fuel
- 15.25CAD/day (Original Contract back in Nov, 2019)
Remaining Km
Can be driven up to:
2,653.85
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in Nov, 2019)
