Payment Analysis

459.18CAD/monthin Toronto, ON
    Before Taxes:
  • 459.18 CAD/month
  • 211.93 CAD/bi-weekly
  • 105.96 CAD/week
  • 5,510.16 CAD/year
Incl. Ontario Taxes (13%):
  • 518.87 CAD/month
  • 239.48 CAD/bi-weekly
  • 119.74 CAD/week
  • 6,226.48 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: 6,120 ~ 7,420 CAD

compared to leasing a BRAND NEW:

  • Honda Civic LX Automatic 2WD Honda Plus
  • for 42 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 464
This Contract (CAD/month) 459
Monthly Difference 5 CAD/month
Remaining Term x 4 months
Total Monthly Difference = 20 CAD
+ Cash Incentive** (CAD) + 4,500
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 6,120 ~ 7,420
** "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: 9,814 CAD
  • Total Vehicle Debt: 34,518 CAD
  • Paid so Far: 20,204 CAD (58% Paid)
  • Remaining Lease Payments: 1,837 CAD
  • Residual Value: 12,477 CAD
  • Cash Incentive: 4,500 CAD
Vehicle Debt & Value
Paid so far: 20,204 CAD Total Vehicle Value: 34,518 CAD
58% Paid
42%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 1,837 CAD
Term Paid so Far: 20,204 CAD Residual Value: 12,477 CAD
0%
58%
5%
37%
Cost to Own
Already Paid: 20,204 CAD (58%)
Cash Incentive: 4,500 CAD Buyout Price Today: 9,814 CAD
58% Paid
13%
29%
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: 9,814 CAD

  • 4.9%Interest Rate x 48 months
  • 226 CAD/month + tax
  • Total Payable: 10,827 CAD
  • Total Interest: 1,013 CAD
  • 8.9%Interest Rate x 48 months
  • 244 CAD/month + tax
  • Total Payable: 11,700 CAD
  • Total Interest: 1,886 CAD
  • 14.9%Interest Rate x 48 months
  • 273 CAD/month + tax
  • Total Payable: 13,086 CAD
  • Total Interest: 3,272 CAD

At the end of the Lease Contract

Residual Value: 12,477 CAD (in 4 months)

  • 4.9%Interest Rate x 48 months
  • 287 CAD/month + tax
  • Total Payable: 13,765 CAD
  • Total Interest: 1,288 CAD
  • 8.9%Interest Rate x 48 months
  • 310 CAD/month + tax
  • Total Payable: 14,875 CAD
  • Total Interest: 2,398 CAD
  • 14.9%Interest Rate x 48 months
  • 347 CAD/month + tax
  • Total Payable: 16,638 CAD
  • Total Interest: 4,160 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)
-3.06
  • + tax
  • + fuel
  • + insurance
(inlcuding the 4,500CAD incentive)
  • 2.11CAD/100km (TODAY without the Cash Incentive)
  • 22.96CAD/100km (Original Contract back in Dec, 2021)
Time Analysis
Cost per day: (CAD)
-21.89
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 4,500CAD incentive)
  • 15.10CAD/day (Original Contract back in Dec, 2021)
Remaining Km
Can be driven up to:
5,019.23
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in Dec, 2021)

Seller Contact Info

This Contract was Already Transferred.

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