Honda Lease Takeover in Greater Toronto Area, ON: 2018 Honda Civic EXL CVT 2WD ID:#29000

Payment Analysis

355.00CAD/monthin Greater Toronto Area, ON

Before Taxes:

355.00 CAD/month
163.85 CAD/bi-weekly
81.92 CAD/week
4,260.00 CAD/year

Incl. Ontario Taxes (13%):

401.15 CAD/month
185.15 CAD/bi-weekly
92.57 CAD/week
4,813.80 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: 3,632 ~ 4,032 CAD

compared to leasing a BRAND NEW:

Honda Civic Sedan EX
for 24 months
in Ontario
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	491
This Contract (CAD/month)	355
Monthly Difference	136 CAD/month
Remaining Term	x 12 months
Total Monthly Difference	= 1,632 CAD
+ Cash Incentive** (CAD)	+ 1,200
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
Total Savings (CAD)	= 3,632 ~ 4,032
	** "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: 4,459 CAD

Total Vehicle Debt: 23,399 CAD
Paid so Far: 17,740 CAD (75% Paid)
Remaining Lease Payments: 4,260 CAD
Residual Value: 1,399 CAD
Cash Incentive: 1,200 CAD

Vehicle Debt & Value

Paid so far: 17,740 CAD Total Vehicle Value: 23,399 CAD

75% Paid

25%

Vehicle Debt Breakdown

Downpayment: 700 CAD Remaining Term: 4,260 CAD

Term Paid so Far: 17,040 CAD Residual Value: 1,399 CAD

73%

18%

Cost to Own

Already Paid: 17,740 CAD (75%)

Cash Incentive: 1,200 CAD Buyout Price Today: 4,459 CAD

75% Paid

20%

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: 4,459 CAD

4.9%Interest Rate x 48 months
102 CAD/month + tax
Total Payable: 4,919 CAD
Total Interest: 460 CAD

8.9%Interest Rate x 48 months
111 CAD/month + tax
Total Payable: 5,316 CAD
Total Interest: 857 CAD

14.9%Interest Rate x 48 months
124 CAD/month + tax
Total Payable: 5,946 CAD
Total Interest: 1,487 CAD

At the end of the Lease Contract

Residual Value: 1,399 CAD (in 12 months)

4.9%Interest Rate x 48 months
32 CAD/month + tax
Total Payable: 1,543 CAD
Total Interest: 144 CAD

8.9%Interest Rate x 48 months
35 CAD/month + tax
Total Payable: 1,668 CAD
Total Interest: 269 CAD

14.9%Interest Rate x 48 months
39 CAD/month + tax
Total Payable: 1,865 CAD
Total Interest: 466 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)