Payment Analysis

339.50CAD/monthin Ottawa, ON
    Before Taxes:
  • 339.50 CAD/month
  • 156.69 CAD/bi-weekly
  • 78.35 CAD/week
  • 4,074.00 CAD/year
Incl. Ontario Taxes (13%):
  • 383.64 CAD/month
  • 177.06 CAD/bi-weekly
  • 88.53 CAD/week
  • 4,603.62 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: 5,712 ~ 6,112 CAD

compared to leasing a BRAND NEW:

  • Honda CR-V EX
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 466
This Contract (CAD/month) 340
Monthly Difference 126 CAD/month
Remaining Term x 37 months
Total Monthly Difference = 4,662 CAD
+ Cash Incentive** (CAD) + 250
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 5,712 ~ 6,112
** "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: 24,207 CAD
  • Total Vehicle Debt: 28,191 CAD
  • Paid so Far: 3,735 CAD (13% Paid)
  • Remaining Lease Payments: 12,562 CAD
  • Residual Value: 11,895 CAD
  • Cash Incentive: 250 CAD
Vehicle Debt & Value
Paid so far: 3,735 CAD Total Vehicle Value: 28,191 CAD
13% Paid
87%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,562 CAD
Term Paid so Far: 3,735 CAD Residual Value: 11,895 CAD
0%
13%
44%
43%
Cost to Own
Already Paid: 3,735 CAD (13%)
Cash Incentive: 250 CAD Buyout Price Today: 24,207 CAD
13% Paid
0%
87%
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: 24,207 CAD

  • 4.9%Interest Rate x 48 months
  • 556 CAD/month + tax
  • Total Payable: 26,705 CAD
  • Total Interest: 2,499 CAD
  • 8.9%Interest Rate x 48 months
  • 601 CAD/month + tax
  • Total Payable: 28,859 CAD
  • Total Interest: 4,653 CAD
  • 14.9%Interest Rate x 48 months
  • 672 CAD/month + tax
  • Total Payable: 32,278 CAD
  • Total Interest: 8,072 CAD

At the end of the Lease Contract

Residual Value: 11,895 CAD (in 37 months)

  • 4.9%Interest Rate x 48 months
  • 273 CAD/month + tax
  • Total Payable: 13,123 CAD
  • Total Interest: 1,228 CAD
  • 8.9%Interest Rate x 48 months
  • 295 CAD/month + tax
  • Total Payable: 14,181 CAD
  • Total Interest: 2,286 CAD
  • 14.9%Interest Rate x 48 months
  • 330 CAD/month + tax
  • Total Payable: 15,861 CAD
  • Total Interest: 3,966 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)
19.89
  • + tax
  • + fuel
  • + insurance
(inlcuding the 250CAD incentive)
  • 20.29CAD/100km (TODAY without the Cash Incentive)
  • 20.37CAD/100km (Original Contract back in Mar, 2017)
Time Analysis
Cost per day: (CAD)
10.94
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 250CAD incentive)
  • 11.16CAD/day (Original Contract back in Mar, 2017)
Remaining Km
Can be driven up to:
386.07
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Mar, 2017)

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Payment Details
  • Current Payment: 702 CAD/month + tax
  • Months to End: 33 months (Feb, 2027)
Vehicle Status
  • Contract Allowance: 20,000 km/year
  • Current Odometer: 20,000 km total
  • Available Now: 21,818 km/year (1,818 per month)
  • Excess Km Cost: 0.15 CAD/km
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