Payment Analysis

1,087.00CAD/monthin Toronto, ON
    Before Taxes:
  • 1,087.00 CAD/month
  • 501.69 CAD/bi-weekly
  • 250.85 CAD/week
  • 13,044.00 CAD/year
Incl. Ontario Taxes (13%):
  • 1,228.31 CAD/month
  • 566.91 CAD/bi-weekly
  • 283.46 CAD/week
  • 14,739.72 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: -2,687 ~ -2,287 CAD

compared to leasing a BRAND NEW:

  • Honda Accord Sedan TOURING 2WD
  • for 24 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 770
This Contract (CAD/month) 1,087
Monthly Difference -317 CAD/month
Remaining Term x 11 months
Total Monthly Difference = -3,487 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = -2,687 ~ -2,287

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 41,441 CAD
  • Total Vehicle Debt: 82,660 CAD
  • Paid so Far: 41,219 CAD (49% Paid)
  • Remaining Lease Payments: 11,957 CAD
  • Residual Value: 29,484 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 41,219 CAD Total Vehicle Value: 82,660 CAD
49% Paid
51%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 11,957 CAD
Term Paid so Far: 40,219 CAD Residual Value: 29,484 CAD
1%
48%
14%
37%
Cost to Own
Already Paid: 41,219 CAD (49%)
Cash Incentive: 0 CAD Buyout Price Today: 41,441 CAD
49% Paid
0%
51%
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: 41,441 CAD

  • 4.9%Interest Rate x 48 months
  • 952 CAD/month + tax
  • Total Payable: 45,719 CAD
  • Total Interest: 4,278 CAD
  • 8.9%Interest Rate x 48 months
  • 1,029 CAD/month + tax
  • Total Payable: 49,406 CAD
  • Total Interest: 7,965 CAD
  • 14.9%Interest Rate x 48 months
  • 1,151 CAD/month + tax
  • Total Payable: 55,259 CAD
  • Total Interest: 13,818 CAD

At the end of the Lease Contract

Residual Value: 29,484 CAD (in 11 months)

  • 4.9%Interest Rate x 48 months
  • 678 CAD/month + tax
  • Total Payable: 32,528 CAD
  • Total Interest: 3,044 CAD
  • 8.9%Interest Rate x 48 months
  • 732 CAD/month + tax
  • Total Payable: 35,151 CAD
  • Total Interest: 5,667 CAD
  • 14.9%Interest Rate x 48 months
  • 819 CAD/month + tax
  • Total Payable: 39,315 CAD
  • Total Interest: 9,831 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)
23.91
  • + tax
  • + fuel
  • + insurance
(or 0.24CAD per km)
  • 54.35CAD/100km (Original Contract back in Jul, 2021)
Time Analysis
Cost per day: (CAD)
35.74
  • + tax
  • + insurance
  • + km driven & fuel
(0.30CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,048.95
  • km/week
  • without any
  • additional costs
Excess km cost: 0.25CAD
  • 461.54km/week (Contract Original back in Jul, 2021)

Seller Contact Info

This Contract was Already Transferred.

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