Honda Lease Takeover in East Lawrencetown, NS: 2022 Honda CIVIC SDN SPORT CVT 2WD ID:#38723

Payment Analysis

539.88CAD/monthin East Lawrencetown, NS

Before Taxes:

539.88 CAD/month
249.18 CAD/bi-weekly
124.59 CAD/week
6,478.56 CAD/year

Incl. Nova Scotia Taxes (15%):

620.86 CAD/month
286.55 CAD/bi-weekly
143.28 CAD/week
7,450.34 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: 556 CAD

compared to leasing a BRAND NEW:

Honda Civic Sport
for 24 months
in Nova Scotia
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	553
This Contract (CAD/month)	540
Monthly Difference	14 CAD/month
Remaining Term	x 4 months
Total Monthly Difference	= 56 CAD
+ Cash Incentive** (CAD)	+ 500
Total Savings (CAD)	= 556
	** "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: 20,329 CAD

Total Vehicle Debt: 31,626 CAD
Paid so Far: 10,798 CAD (34% Paid)
Remaining Lease Payments: 2,160 CAD
Residual Value: 18,669 CAD
Cash Incentive: 500 CAD

Vehicle Debt & Value

Paid so far: 10,798 CAD Total Vehicle Value: 31,626 CAD

34% Paid

66%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 2,160 CAD

Term Paid so Far: 10,798 CAD Residual Value: 18,669 CAD

34%

60%

Cost to Own

Already Paid: 10,798 CAD (34%)

Cash Incentive: 500 CAD Buyout Price Today: 20,329 CAD

34% Paid

65%

Additional Financing Details

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: 20,329 CAD

4.9%Interest Rate x 48 months
467 CAD/month + tax
Total Payable: 22,427 CAD
Total Interest: 2,099 CAD

8.9%Interest Rate x 48 months
505 CAD/month + tax
Total Payable: 24,236 CAD
Total Interest: 3,907 CAD

14.9%Interest Rate x 48 months
565 CAD/month + tax
Total Payable: 27,107 CAD
Total Interest: 6,778 CAD

At the end of the Lease Contract

Residual Value: 18,669 CAD (in 4 months)

4.9%Interest Rate x 48 months
429 CAD/month + tax
Total Payable: 20,596 CAD
Total Interest: 1,927 CAD

8.9%Interest Rate x 48 months
464 CAD/month + tax
Total Payable: 22,257 CAD
Total Interest: 3,588 CAD

14.9%Interest Rate x 48 months
519 CAD/month + tax
Total Payable: 24,894 CAD
Total Interest: 6,225 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)