Payment Analysis

383.00CAD/monthin Richmond Hill, ON
    Before Taxes:
  • 383.00 CAD/month
  • 176.77 CAD/bi-weekly
  • 88.38 CAD/week
  • 4,596.00 CAD/year
Incl. Ontario Taxes (13%):
  • 432.79 CAD/month
  • 199.75 CAD/bi-weekly
  • 99.87 CAD/week
  • 5,193.48 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: 4,176 ~ 4,576 CAD

compared to leasing a BRAND NEW:

  • Civic Sedan TOURING CVT
  • for 30 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 470
This Contract (CAD/month) 383
Monthly Difference 87 CAD/month
Remaining Term x 30 months
Total Monthly Difference = 2,610 CAD
+ Cash Incentive** (CAD) + 766
+ Winter Tires Cost (CAD) + 800 ~ 1,200
Total Savings (CAD) = 4,176 ~ 4,576
** "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: 23,644 CAD
  • Total Vehicle Debt: 32,074 CAD
  • Paid so Far: 7,664 CAD (23% Paid)
  • Remaining Lease Payments: 11,490 CAD
  • Residual Value: 12,920 CAD
  • Cash Incentive: 766 CAD
Vehicle Debt & Value
Paid so far: 7,664 CAD Total Vehicle Value: 32,074 CAD
23% Paid
77%
Vehicle Debt Breakdown
Downpayment: 770 CAD Remaining Term: 11,490 CAD
Term Paid so Far: 6,894 CAD Residual Value: 12,920 CAD
2%
21%
36%
41%
Cost to Own
Already Paid: 7,664 CAD (23%)
Cash Incentive: 766 CAD Buyout Price Today: 23,644 CAD
23% Paid
2%
75%
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: 23,644 CAD

  • 4.9%Interest Rate x 48 months
  • 543 CAD/month + tax
  • Total Payable: 26,085 CAD
  • Total Interest: 2,441 CAD
  • 8.9%Interest Rate x 48 months
  • 587 CAD/month + tax
  • Total Payable: 28,189 CAD
  • Total Interest: 4,545 CAD
  • 14.9%Interest Rate x 48 months
  • 657 CAD/month + tax
  • Total Payable: 31,528 CAD
  • Total Interest: 7,884 CAD

At the end of the Lease Contract

Residual Value: 12,920 CAD (in 30 months)

  • 4.9%Interest Rate x 48 months
  • 297 CAD/month + tax
  • Total Payable: 14,254 CAD
  • Total Interest: 1,334 CAD
  • 8.9%Interest Rate x 48 months
  • 321 CAD/month + tax
  • Total Payable: 15,404 CAD
  • Total Interest: 2,483 CAD
  • 14.9%Interest Rate x 48 months
  • 359 CAD/month + tax
  • Total Payable: 17,228 CAD
  • Total Interest: 4,308 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)
18.81
  • + tax
  • + fuel
  • + insurance
(inlcuding the 766CAD incentive)
  • 20.16CAD/100km (TODAY without the Cash Incentive)
  • 22.98CAD/100km (Original Contract back in Sep, 2017)
Time Analysis
Cost per day: (CAD)
11.75
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 766CAD incentive)
  • 12.59CAD/day (Original Contract back in Sep, 2017)
Remaining Km
Can be driven up to:
438.46
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Sep, 2017)

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