Payment Analysis

489.32CAD/monthin Waterloo, ON
    Before Taxes:
  • 489.32 CAD/month
  • 225.84 CAD/bi-weekly
  • 112.92 CAD/week
  • 5,871.84 CAD/year
Incl. Ontario Taxes (13%):
  • 552.93 CAD/month
  • 255.20 CAD/bi-weekly
  • 127.60 CAD/week
  • 6,635.18 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: 3,688 ~ 4,988 CAD

compared to leasing a BRAND NEW:

  • Honda Accord Sedan SPORT 2WD/li>
  • for 24 months
  • in Ontario
  • $0 down payment
  • 31,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 721
This Contract (CAD/month) 489
Monthly Difference 232 CAD/month
Remaining Term x 9 months
Total Monthly Difference = 2,088 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,688 ~ 4,988

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 20,204 CAD
  • Total Vehicle Debt: 39,287 CAD
  • Paid so Far: 19,083 CAD (48% Paid)
  • Remaining Lease Payments: 4,404 CAD
  • Residual Value: 15,800 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 19,083 CAD Total Vehicle Value: 39,287 CAD
48% Paid
52%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 4,404 CAD
Term Paid so Far: 19,083 CAD Residual Value: 15,800 CAD
0%
48%
11%
41%
Cost to Own
Already Paid: 19,083 CAD (48%)
Cash Incentive: 0 CAD Buyout Price Today: 20,204 CAD
48% Paid
0%
52%
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: 20,204 CAD

  • 4.9%Interest Rate x 48 months
  • 464 CAD/month + tax
  • Total Payable: 22,290 CAD
  • Total Interest: 2,086 CAD
  • 8.9%Interest Rate x 48 months
  • 502 CAD/month + tax
  • Total Payable: 24,087 CAD
  • Total Interest: 3,883 CAD
  • 14.9%Interest Rate x 48 months
  • 561 CAD/month + tax
  • Total Payable: 26,941 CAD
  • Total Interest: 6,737 CAD

At the end of the Lease Contract

Residual Value: 15,800 CAD (in 9 months)

  • 4.9%Interest Rate x 48 months
  • 363 CAD/month + tax
  • Total Payable: 17,431 CAD
  • Total Interest: 1,631 CAD
  • 8.9%Interest Rate x 48 months
  • 392 CAD/month + tax
  • Total Payable: 18,837 CAD
  • Total Interest: 3,037 CAD
  • 14.9%Interest Rate x 48 months
  • 439 CAD/month + tax
  • Total Payable: 21,068 CAD
  • Total Interest: 5,268 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)
7.59
  • + tax
  • + fuel
  • + insurance
(or 0.08CAD per km)
  • 24.47CAD/100km (Original Contract back in Jul, 2019)
Time Analysis
Cost per day: (CAD)
16.09
  • + tax
  • + insurance
  • + km driven & fuel
(0.37CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,487.18
  • km/week
  • without any
  • additional costs
Excess km cost: 0.20CAD
  • 461.54km/week (Contract Original back in Jul, 2019)

Seller Contact Info

This Contract was Already Transferred.

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