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: -2,053 ~ -1,653 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 9 months
Total Monthly Difference = -2,853 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = -2,053 ~ -1,653

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 39,267 CAD
  • Total Vehicle Debt: 82,660 CAD
  • Paid so Far: 43,393 CAD (52% Paid)
  • Remaining Lease Payments: 9,783 CAD
  • Residual Value: 29,484 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 43,393 CAD Total Vehicle Value: 82,660 CAD
52% Paid
48%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 9,783 CAD
Term Paid so Far: 42,393 CAD Residual Value: 29,484 CAD
1%
51%
11%
37%
Cost to Own
Already Paid: 43,393 CAD (52%)
Cash Incentive: 0 CAD Buyout Price Today: 39,267 CAD
52% Paid
0%
48%
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: 39,267 CAD

  • 4.9%Interest Rate x 48 months
  • 903 CAD/month + tax
  • Total Payable: 43,321 CAD
  • Total Interest: 4,054 CAD
  • 8.9%Interest Rate x 48 months
  • 975 CAD/month + tax
  • Total Payable: 46,814 CAD
  • Total Interest: 7,547 CAD
  • 14.9%Interest Rate x 48 months
  • 1,091 CAD/month + tax
  • Total Payable: 52,360 CAD
  • Total Interest: 13,093 CAD

At the end of the Lease Contract

Residual Value: 29,484 CAD (in 9 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)
19.57
  • + tax
  • + fuel
  • + insurance
(or 0.20CAD per km)
  • 54.35CAD/100km (Original Contract back in Jul, 2021)
Time Analysis
Cost per day: (CAD)
35.74
  • + tax
  • + insurance
  • + km driven & fuel
(0.37CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,282.05
  • 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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