Payment Analysis

241.86CAD/monthin Hamilton, ON
    Before Taxes:
  • 241.86 CAD/month
  • 111.63 CAD/bi-weekly
  • 55.81 CAD/week
  • 2,902.32 CAD/year
Incl. Ontario Taxes (13%):
  • 273.30 CAD/month
  • 126.14 CAD/bi-weekly
  • 63.07 CAD/week
  • 3,279.62 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: 3,996 ~ 4,896 CAD

compared to leasing a BRAND NEW:

  • Honda Civic LX CVT
  • for 30 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 335
This Contract (CAD/month) 242
Monthly Difference 94 CAD/month
Remaining Term x 34 months
Total Monthly Difference = 3,196 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 3,996 ~ 4,896

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 17,609 CAD
  • Total Vehicle Debt: 23,995 CAD
  • Paid so Far: 6,386 CAD (26% Paid)
  • Remaining Lease Payments: 8,223 CAD
  • Residual Value: 9,386 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,386 CAD Total Vehicle Value: 23,995 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 3,000 CAD Remaining Term: 8,223 CAD
Term Paid so Far: 3,386 CAD Residual Value: 9,386 CAD
12%
14%
34%
40%
Cost to Own
Already Paid: 6,386 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 17,609 CAD
26% Paid
0%
74%
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: 17,609 CAD

  • 4.9%Interest Rate x 48 months
  • 405 CAD/month + tax
  • Total Payable: 19,427 CAD
  • Total Interest: 1,818 CAD
  • 8.9%Interest Rate x 48 months
  • 437 CAD/month + tax
  • Total Payable: 20,994 CAD
  • Total Interest: 3,385 CAD
  • 14.9%Interest Rate x 48 months
  • 489 CAD/month + tax
  • Total Payable: 23,481 CAD
  • Total Interest: 5,872 CAD

At the end of the Lease Contract

Residual Value: 9,386 CAD (in 34 months)

  • 4.9%Interest Rate x 48 months
  • 216 CAD/month + tax
  • Total Payable: 10,355 CAD
  • Total Interest: 969 CAD
  • 8.9%Interest Rate x 48 months
  • 233 CAD/month + tax
  • Total Payable: 11,190 CAD
  • Total Interest: 1,804 CAD
  • 14.9%Interest Rate x 48 months
  • 261 CAD/month + tax
  • Total Payable: 12,516 CAD
  • Total Interest: 3,130 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)
13.26
  • + tax
  • + fuel
  • + insurance
(or 0.13CAD per km)
  • 14.51CAD/100km (Original Contract back in Jun, 2017)
Time Analysis
Cost per day: (CAD)
7.95
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
420.81
  • km/week
  • without any
  • additional costs
Excess km cost: 0.01CAD
  • 384.62km/week (Contract Original back in Jun, 2017)