Honda Lease Takeover in Halifax, NS: 2017 Honda Civic EX CVT 2WD ID:#4073

Payment Analysis

353.00CAD/monthin Halifax, NS

Before Taxes:

353.00 CAD/month
162.92 CAD/bi-weekly
81.46 CAD/week
4,236.00 CAD/year

Incl. Nova Scotia Taxes (15%):

405.95 CAD/month
187.36 CAD/bi-weekly
93.68 CAD/week
4,871.40 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: 4,801 ~ 6,101 CAD

compared to leasing a BRAND NEW:

Honda Civic EX Sedan
for 30 months
in Nova Scotia
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	424
This Contract (CAD/month)	353
Monthly Difference	71 CAD/month
Remaining Term	x 31 months
Total Monthly Difference	= 2,201 CAD
+ Cash Incentive** (CAD)	+ 1,000
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 4,801 ~ 6,101
	** "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: 21,287 CAD

Total Vehicle Debt: 28,288 CAD
Paid so Far: 6,001 CAD (21% Paid)
Remaining Lease Payments: 10,943 CAD
Residual Value: 11,344 CAD
Cash Incentive: 1,000 CAD

Vehicle Debt & Value

Paid so far: 6,001 CAD Total Vehicle Value: 28,288 CAD

21% Paid

79%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 10,943 CAD

Term Paid so Far: 6,001 CAD Residual Value: 11,344 CAD

21%

38%

41%

Cost to Own

Already Paid: 6,001 CAD (21%)

Cash Incentive: 1,000 CAD Buyout Price Today: 21,287 CAD

21% Paid

76%

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: 21,287 CAD

4.9%Interest Rate x 48 months
489 CAD/month + tax
Total Payable: 23,485 CAD
Total Interest: 2,198 CAD

8.9%Interest Rate x 48 months
529 CAD/month + tax
Total Payable: 25,378 CAD
Total Interest: 4,091 CAD

14.9%Interest Rate x 48 months
591 CAD/month + tax
Total Payable: 28,385 CAD
Total Interest: 7,098 CAD

At the end of the Lease Contract

Residual Value: 11,344 CAD (in 31 months)

4.9%Interest Rate x 48 months
261 CAD/month + tax
Total Payable: 12,515 CAD
Total Interest: 1,171 CAD

8.9%Interest Rate x 48 months
282 CAD/month + tax
Total Payable: 13,524 CAD
Total Interest: 2,180 CAD

14.9%Interest Rate x 48 months
315 CAD/month + tax
Total Payable: 15,127 CAD
Total Interest: 3,783 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)