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: 416 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 26 months
Total Monthly Difference = 416 CAD
Total Savings (CAD) = 416

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,808 CAD
  • Total Vehicle Debt: 24,240 CAD
  • Paid so Far: 8,432 CAD (34% Paid)
  • Remaining Lease Payments: 6,448 CAD
  • Residual Value: 9,360 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 8,432 CAD Total Vehicle Value: 24,240 CAD
34% Paid
66%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 6,448 CAD
Term Paid so Far: 8,432 CAD Residual Value: 9,360 CAD
0%
34%
26%
40%
Cost to Own
Already Paid: 8,432 CAD (34%)
Cash Incentive: 0 CAD Buyout Price Today: 15,808 CAD
34% Paid
0%
66%
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: 15,808 CAD

  • 4.9%Interest Rate x 48 months
  • 363 CAD/month + tax
  • Total Payable: 17,440 CAD
  • Total Interest: 1,632 CAD
  • 8.9%Interest Rate x 48 months
  • 393 CAD/month + tax
  • Total Payable: 18,846 CAD
  • Total Interest: 3,038 CAD
  • 14.9%Interest Rate x 48 months
  • 439 CAD/month + tax
  • Total Payable: 21,079 CAD
  • Total Interest: 5,271 CAD

At the end of the Lease Contract

Residual Value: 9,360 CAD (in 26 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)
6.45
  • + tax
  • + fuel
  • + insurance
(or 0.06CAD per km)
  • 14.88CAD/100km (Original Contract back in Jul, 2021)
Time Analysis
Cost per day: (CAD)
8.15
  • + tax
  • + insurance
  • + km driven & fuel
(0.13CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
887.49
  • 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.