Honda Lease Takeover in Halifax, NS: 2020 Honda Civic EX CVT 2WD ID:#28824

Payment Analysis

315.46CAD/monthin Halifax, NS

Before Taxes:

315.46 CAD/month
145.60 CAD/bi-weekly
72.80 CAD/week
3,785.52 CAD/year

Incl. Nova Scotia Taxes (15%):

362.78 CAD/month
167.44 CAD/bi-weekly
83.72 CAD/week
4,353.35 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: 882 ~ 1,782 CAD

compared to leasing a BRAND NEW:

Honda Civic Sedan EX CVT
for 36 months
in NS
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	397
This Contract (CAD/month)	315
Monthly Difference	82 CAD/month
Remaining Term	x 1 months
Total Monthly Difference	= 82 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 882 ~ 1,782

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 11,949 CAD

Total Vehicle Debt: 28,775 CAD
Paid so Far: 16,827 CAD (58% Paid)
Remaining Lease Payments: 315 CAD
Residual Value: 11,633 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 16,827 CAD Total Vehicle Value: 28,775 CAD

58% Paid

42%

Vehicle Debt Breakdown

Downpayment: 2,000 CAD Remaining Term: 315 CAD

Term Paid so Far: 14,827 CAD Residual Value: 11,633 CAD

52%

41%

Cost to Own

Already Paid: 16,827 CAD (58%)

Cash Incentive: 0 CAD Buyout Price Today: 11,949 CAD

58% Paid

42%

Additional Financing Details

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: 11,949 CAD

4.9%Interest Rate x 48 months
275 CAD/month + tax
Total Payable: 13,182 CAD
Total Interest: 1,234 CAD

8.9%Interest Rate x 48 months
297 CAD/month + tax
Total Payable: 14,245 CAD
Total Interest: 2,297 CAD

14.9%Interest Rate x 48 months
332 CAD/month + tax
Total Payable: 15,933 CAD
Total Interest: 3,984 CAD

At the end of the Lease Contract

Residual Value: 11,633 CAD (in 1 months)

4.9%Interest Rate x 48 months
267 CAD/month + tax
Total Payable: 12,834 CAD
Total Interest: 1,201 CAD

8.9%Interest Rate x 48 months
289 CAD/month + tax
Total Payable: 13,869 CAD
Total Interest: 2,236 CAD

14.9%Interest Rate x 48 months
323 CAD/month + tax
Total Payable: 15,512 CAD
Total Interest: 3,879 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)