Payment Analysis

248.00CAD/monthin Welland, ON
    Before Taxes:
  • 248.00 CAD/month
  • 114.46 CAD/bi-weekly
  • 57.23 CAD/week
  • 2,976.00 CAD/year
Incl. Ontario Taxes (13%):
  • 280.24 CAD/month
  • 129.34 CAD/bi-weekly
  • 64.67 CAD/week
  • 3,362.88 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: 32 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Sedan LX CVT 2WD
  • for 60 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 264
This Contract (CAD/month) 248
Monthly Difference 16 CAD/month
Remaining Term x 2 months
Total Monthly Difference = 32 CAD
Total Savings (CAD) = 32

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 9,856 CAD
  • Total Vehicle Debt: 24,240 CAD
  • Paid so Far: 14,384 CAD (59% Paid)
  • Remaining Lease Payments: 496 CAD
  • Residual Value: 9,360 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 14,384 CAD Total Vehicle Value: 24,240 CAD
59% Paid
41%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 496 CAD
Term Paid so Far: 14,384 CAD Residual Value: 9,360 CAD
0%
59%
2%
39%
Cost to Own
Already Paid: 14,384 CAD (59%)
Cash Incentive: 0 CAD Buyout Price Today: 9,856 CAD
59% Paid
0%
41%
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: 9,856 CAD

  • 4.9%Interest Rate x 48 months
  • 227 CAD/month + tax
  • Total Payable: 10,873 CAD
  • Total Interest: 1,017 CAD
  • 8.9%Interest Rate x 48 months
  • 245 CAD/month + tax
  • Total Payable: 11,750 CAD
  • Total Interest: 1,894 CAD
  • 14.9%Interest Rate x 48 months
  • 274 CAD/month + tax
  • Total Payable: 13,142 CAD
  • Total Interest: 3,286 CAD

At the end of the Lease Contract

Residual Value: 9,360 CAD (in 2 months)

  • 4.9%Interest Rate x 48 months
  • 215 CAD/month + tax
  • Total Payable: 10,326 CAD
  • Total Interest: 966 CAD
  • 8.9%Interest Rate x 48 months
  • 232 CAD/month + tax
  • Total Payable: 11,159 CAD
  • Total Interest: 1,799 CAD
  • 14.9%Interest Rate x 48 months
  • 260 CAD/month + tax
  • Total Payable: 12,481 CAD
  • Total Interest: 3,121 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)
0.50
  • + tax
  • + fuel
  • + insurance
(or 0.00CAD per km)
  • 14.88CAD/100km (Original Contract back in Jul, 2021)
Time Analysis
Cost per day: (CAD)
8.15
  • + tax
  • + insurance
  • + km driven & fuel
(1.64CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
11,537.31
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jul, 2021)

Seller Contact Info

This Contract was Already Transferred.

Similar Listings in Hamilton

Lease Takeover Temporary Image
CAD/month x 13 months
2023 Audi Q5 Technik (ID: #69040)
1,016
Stoney Creek
2023 Audi

Q5 Technik Automatique AWD S line Sports

  • Warranty Complete Term
  • Wear & Tear Coverage
  • Winter Tires Included
Payment Details
  • Current Payment: 1,016 CAD/month + tax
  • Residual Value: 28,710 CAD
  • Months to End: 13 months (Jun, 2027)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 50,500 km total
  • Available Now: 27,231 km/year (2,269 per month)
  • Excess Km Cost: 0.25 CAD/km
See all Details
+ More similar deals