Payment Analysis

381.00CAD/monthin Halifax, NS
    Before Taxes:
  • 381.00 CAD/month
  • 175.85 CAD/bi-weekly
  • 87.92 CAD/week
  • 4,572.00 CAD/year
Incl. Nova Scotia Taxes (15%):
  • 438.15 CAD/month
  • 202.22 CAD/bi-weekly
  • 101.11 CAD/week
  • 5,257.80 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: 2,816 ~ 3,216 CAD

compared to leasing a BRAND NEW:

  • Honda Accord Touring
  • for 42 months
  • in Nova Scotia
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 477
This Contract (CAD/month) 381
Monthly Difference 96 CAD/month
Remaining Term x 21 months
Total Monthly Difference = 2,016 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 2,816 ~ 3,216

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 20,001 CAD
  • Total Vehicle Debt: 34,860 CAD
  • Paid so Far: 14,859 CAD (42% Paid)
  • Remaining Lease Payments: 8,001 CAD
  • Residual Value: 12,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 14,859 CAD Total Vehicle Value: 34,860 CAD
42% Paid
58%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 8,001 CAD
Term Paid so Far: 14,859 CAD Residual Value: 12,000 CAD
0%
42%
23%
35%
Cost to Own
Already Paid: 14,859 CAD (42%)
Cash Incentive: 0 CAD Buyout Price Today: 20,001 CAD
42% Paid
0%
58%
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: 20,001 CAD

  • 4.9%Interest Rate x 48 months
  • 460 CAD/month + tax
  • Total Payable: 22,066 CAD
  • Total Interest: 2,065 CAD
  • 8.9%Interest Rate x 48 months
  • 497 CAD/month + tax
  • Total Payable: 23,845 CAD
  • Total Interest: 3,844 CAD
  • 14.9%Interest Rate x 48 months
  • 556 CAD/month + tax
  • Total Payable: 26,670 CAD
  • Total Interest: 6,669 CAD

At the end of the Lease Contract

Residual Value: 12,000 CAD (in 21 months)

  • 4.9%Interest Rate x 48 months
  • 276 CAD/month + tax
  • Total Payable: 13,239 CAD
  • Total Interest: 1,239 CAD
  • 8.9%Interest Rate x 48 months
  • 298 CAD/month + tax
  • Total Payable: 14,306 CAD
  • Total Interest: 2,306 CAD
  • 14.9%Interest Rate x 48 months
  • 333 CAD/month + tax
  • Total Payable: 16,001 CAD
  • Total Interest: 4,001 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)
8.08
  • + tax
  • + fuel
  • + insurance
(or 0.08CAD per km)
  • 19.05CAD/100km (Original Contract back in Jul, 2017)
Time Analysis
Cost per day: (CAD)
12.53
  • + tax
  • + insurance
  • + km driven & fuel
(0.16CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,087.91
  • km/week
  • without any
  • additional costs
Excess km cost: 0.08CAD
  • 461.54km/week (Contract Original back in Jul, 2017)