Payment Analysis

323.36CAD/monthin Mississauga, ON
    Before Taxes:
  • 323.36 CAD/month
  • 149.24 CAD/bi-weekly
  • 74.62 CAD/week
  • 3,880.32 CAD/year
Incl. Ontario Taxes (13%):
  • 365.40 CAD/month
  • 168.64 CAD/bi-weekly
  • 84.32 CAD/week
  • 4,384.76 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: 4,064 CAD

compared to leasing a BRAND NEW:

  • Honda Civic EX
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 389
This Contract (CAD/month) 323
Monthly Difference 66 CAD/month
Remaining Term x 54 months
Total Monthly Difference = 3,564 CAD
+ Cash Incentive** (CAD) + 500
Total Savings (CAD) = 4,064
** "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: 28,237 CAD
  • Total Vehicle Debt: 26,473 CAD
  • Paid so Far: -2,264 CAD (-9% Paid)
  • Remaining Lease Payments: 17,461 CAD
  • Residual Value: 11,275 CAD
  • Cash Incentive: 500 CAD
Vehicle Debt & Value
Paid so far: -2,264 CAD Total Vehicle Value: 26,473 CAD
-9% Paid
109%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,461 CAD
Term Paid so Far: -2,264 CAD Residual Value: 11,275 CAD
0%
-9%
66%
43%
Cost to Own
Already Paid: -2,264 CAD (-9%)
Cash Incentive: 500 CAD Buyout Price Today: 28,237 CAD
-9% Paid
1%
108%
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: 28,237 CAD

  • 4.9%Interest Rate x 48 months
  • 649 CAD/month + tax
  • Total Payable: 31,152 CAD
  • Total Interest: 2,915 CAD
  • 8.9%Interest Rate x 48 months
  • 701 CAD/month + tax
  • Total Payable: 33,664 CAD
  • Total Interest: 5,427 CAD
  • 14.9%Interest Rate x 48 months
  • 784 CAD/month + tax
  • Total Payable: 37,652 CAD
  • Total Interest: 9,415 CAD

At the end of the Lease Contract

Residual Value: 11,275 CAD (in 54 months)

  • 4.9%Interest Rate x 48 months
  • 259 CAD/month + tax
  • Total Payable: 12,439 CAD
  • Total Interest: 1,164 CAD
  • 8.9%Interest Rate x 48 months
  • 280 CAD/month + tax
  • Total Payable: 13,442 CAD
  • Total Interest: 2,167 CAD
  • 14.9%Interest Rate x 48 months
  • 313 CAD/month + tax
  • Total Payable: 15,035 CAD
  • Total Interest: 3,760 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)
20.17
  • + tax
  • + fuel
  • + insurance
(inlcuding the 500CAD incentive)
Time Analysis
Cost per day: (CAD)
10.33
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 500CAD incentive)
Remaining Km
Can be driven up to:
359.30
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD

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