Payment Analysis

294.00CAD/monthin Winnipeg, MB
    Before Taxes:
  • 294.00 CAD/month
  • 135.69 CAD/bi-weekly
  • 67.85 CAD/week
  • 3,528.00 CAD/year
Incl. Manitoba Taxes (13%):
  • 332.22 CAD/month
  • 153.33 CAD/bi-weekly
  • 76.67 CAD/week
  • 3,986.64 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: 944 ~ 1,844 CAD

compared to leasing a BRAND NEW:

  • Civic Sedan LX w/ Extended Warranty 5 years & 130,000km
  • for 54 months
  • in Manitoba
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 330
This Contract (CAD/month) 294
Monthly Difference 36 CAD/month
Remaining Term x 4 months
Total Monthly Difference = 144 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 944 ~ 1,844

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 8,508 CAD
  • Total Vehicle Debt: 25,635 CAD
  • Paid so Far: 17,127 CAD (66% Paid)
  • Remaining Lease Payments: 1,176 CAD
  • Residual Value: 7,332 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 17,127 CAD Total Vehicle Value: 25,635 CAD
66% Paid
34%
Vehicle Debt Breakdown
Downpayment: 663 CAD Remaining Term: 1,176 CAD
Term Paid so Far: 16,464 CAD Residual Value: 7,332 CAD
2%
64%
4%
30%
Cost to Own
Already Paid: 17,127 CAD (66%)
Cash Incentive: 0 CAD Buyout Price Today: 8,508 CAD
66% Paid
0%
34%
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: 8,508 CAD

  • 4.9%Interest Rate x 48 months
  • 196 CAD/month + tax
  • Total Payable: 9,386 CAD
  • Total Interest: 878 CAD
  • 8.9%Interest Rate x 48 months
  • 211 CAD/month + tax
  • Total Payable: 10,143 CAD
  • Total Interest: 1,635 CAD
  • 14.9%Interest Rate x 48 months
  • 236 CAD/month + tax
  • Total Payable: 11,345 CAD
  • Total Interest: 2,837 CAD

At the end of the Lease Contract

Residual Value: 7,332 CAD (in 4 months)

  • 4.9%Interest Rate x 48 months
  • 169 CAD/month + tax
  • Total Payable: 8,089 CAD
  • Total Interest: 757 CAD
  • 8.9%Interest Rate x 48 months
  • 182 CAD/month + tax
  • Total Payable: 8,741 CAD
  • Total Interest: 1,409 CAD
  • 14.9%Interest Rate x 48 months
  • 204 CAD/month + tax
  • Total Payable: 9,777 CAD
  • Total Interest: 2,445 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)
1.01
  • + tax
  • + fuel
  • + insurance
(or 0.01CAD per km)
  • 14.34CAD/100km (Original Contract back in Oct, 2018)
Time Analysis
Cost per day: (CAD)
9.67
  • + tax
  • + insurance
  • + km driven & fuel
(0.82CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
6,736.73
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 473.08km/week (Contract Original back in Oct, 2018)