Payment Analysis

470.00CAD/monthin Toronto, ON
    Before Taxes:
  • 470.00 CAD/month
  • 216.92 CAD/bi-weekly
  • 108.46 CAD/week
  • 5,640.00 CAD/year
Incl. Ontario Taxes (13%):
  • 531.10 CAD/month
  • 245.12 CAD/bi-weekly
  • 122.56 CAD/week
  • 6,373.20 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: 7,940 ~ 9,240 CAD

compared to leasing a BRAND NEW:

  • Honda CR-V EX-L
  • for 30 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 559
This Contract (CAD/month) 470
Monthly Difference 89 CAD/month
Remaining Term x 60 months
Total Monthly Difference = 5,340 CAD
+ Cash Incentive** (CAD) + 1,000
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 7,940 ~ 9,240
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 45,200 CAD
  • Total Vehicle Debt: 39,150 CAD
  • Paid so Far: -7,050 CAD (-19% Paid)
  • Remaining Lease Payments: 28,200 CAD
  • Residual Value: 18,000 CAD
  • Cash Incentive: 1,000 CAD
Vehicle Debt & Value
Paid so far: -7,050 CAD Total Vehicle Value: 39,150 CAD
-19% Paid
119%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 28,200 CAD
Term Paid so Far: -7,050 CAD Residual Value: 18,000 CAD
0%
-19%
72%
47%
Cost to Own
Already Paid: -7,050 CAD (-19%)
Cash Incentive: 1,000 CAD Buyout Price Today: 45,200 CAD
-19% Paid
2%
117%
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: 45,200 CAD

  • 4.9%Interest Rate x 48 months
  • 1,039 CAD/month + tax
  • Total Payable: 49,866 CAD
  • Total Interest: 4,666 CAD
  • 8.9%Interest Rate x 48 months
  • 1,123 CAD/month + tax
  • Total Payable: 53,888 CAD
  • Total Interest: 8,688 CAD
  • 14.9%Interest Rate x 48 months
  • 1,256 CAD/month + tax
  • Total Payable: 60,272 CAD
  • Total Interest: 15,072 CAD

At the end of the Lease Contract

Residual Value: 18,000 CAD (in 60 months)

  • 4.9%Interest Rate x 48 months
  • 414 CAD/month + tax
  • Total Payable: 19,858 CAD
  • Total Interest: 1,858 CAD
  • 8.9%Interest Rate x 48 months
  • 447 CAD/month + tax
  • Total Payable: 21,460 CAD
  • Total Interest: 3,460 CAD
  • 14.9%Interest Rate x 48 months
  • 500 CAD/month + tax
  • Total Payable: 24,002 CAD
  • Total Interest: 6,002 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)
47.72
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,000CAD incentive)
Time Analysis
Cost per day: (CAD)
14.90
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,000CAD incentive)
Remaining Km
Can be driven up to:
219.23
  • km/week
  • without any
  • additional costs
Excess km cost: 0.80CAD

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