Payment Analysis

408.24CAD/monthin Hamilton, ON
    Before Taxes:
  • 408.24 CAD/month
  • 188.42 CAD/bi-weekly
  • 94.21 CAD/week
  • 4,898.88 CAD/year
Incl. Ontario Taxes (13%):
  • 461.31 CAD/month
  • 212.91 CAD/bi-weekly
  • 106.46 CAD/week
  • 5,535.73 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: 3,350 ~ 4,650 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Hatchback SPORT 2WD
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 533
This Contract (CAD/month) 408
Monthly Difference 125 CAD/month
Remaining Term x 14 months
Total Monthly Difference = 1,750 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,350 ~ 4,650

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,975 CAD
  • Total Vehicle Debt: 33,846 CAD
  • Paid so Far: 15,871 CAD (46% Paid)
  • Remaining Lease Payments: 5,715 CAD
  • Residual Value: 12,260 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 15,871 CAD Total Vehicle Value: 33,846 CAD
46% Paid
54%
Vehicle Debt Breakdown
Downpayment: 1,991 CAD Remaining Term: 5,715 CAD
Term Paid so Far: 13,880 CAD Residual Value: 12,260 CAD
5%
41%
17%
37%
Cost to Own
Already Paid: 15,871 CAD (46%)
Cash Incentive: 0 CAD Buyout Price Today: 17,975 CAD
46% Paid
0%
54%
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: 17,975 CAD

  • 4.9%Interest Rate x 48 months
  • 413 CAD/month + tax
  • Total Payable: 19,831 CAD
  • Total Interest: 1,856 CAD
  • 8.9%Interest Rate x 48 months
  • 446 CAD/month + tax
  • Total Payable: 21,430 CAD
  • Total Interest: 3,455 CAD
  • 14.9%Interest Rate x 48 months
  • 499 CAD/month + tax
  • Total Payable: 23,969 CAD
  • Total Interest: 5,994 CAD

At the end of the Lease Contract

Residual Value: 12,260 CAD (in 14 months)

  • 4.9%Interest Rate x 48 months
  • 282 CAD/month + tax
  • Total Payable: 13,525 CAD
  • Total Interest: 1,266 CAD
  • 8.9%Interest Rate x 48 months
  • 305 CAD/month + tax
  • Total Payable: 14,616 CAD
  • Total Interest: 2,356 CAD
  • 14.9%Interest Rate x 48 months
  • 341 CAD/month + tax
  • Total Payable: 16,348 CAD
  • Total Interest: 4,088 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)
8.73
  • + tax
  • + fuel
  • + insurance
(or 0.09CAD per km)
  • 24.49CAD/100km (Original Contract back in Jul, 2020)
Time Analysis
Cost per day: (CAD)
13.42
  • + tax
  • + insurance
  • + km driven & fuel
(0.23CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,079.67
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jul, 2020)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 697 CAD/month + tax
  • Original Downpayment: 10,000 CAD
  • Months to End: 34 months (Aug, 2028)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 27,586 km total
  • Available Now: 18,499 km/year (1,542 per month)
  • Excess Km Cost: 0.20 CAD/km
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