Payment Analysis
287.00CAD/monthin Toronto, ON
- 287.00 CAD/month
- 132.46 CAD/bi-weekly
- 66.23 CAD/week
- 3,444.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 324.31 CAD/month
- 149.68 CAD/bi-weekly
- 74.84 CAD/week
- 3,891.72 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:
839 CAD
compared to leasing a BRAND NEW:
- Honda Civic Sedan EX
- for 48 months
- in Ontario
- $0 down payment
- 20,000 km/year
Leasing New (CAD/month) | 336 |
---|---|
This Contract (CAD/month) | 287 |
Monthly Difference | 49 CAD/month |
Remaining Term | x 11 months |
Total Monthly Difference | = 539 CAD |
+ Cash Incentive** (CAD) | + 300 |
Total Savings (CAD) | = 839 |
** "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:
11,857 CAD
- Total Vehicle Debt: 26,220 CAD
- Paid so Far: 14,063 CAD (53% Paid)
- Remaining Lease Payments: 3,157 CAD
- Residual Value: 9,000 CAD
- Cash Incentive: 300 CAD
Vehicle Debt & Value
Paid so far: 14,063 CAD Total Vehicle Value: 26,220 CAD
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 3,157 CAD
Term Paid so Far: 14,063 CAD Residual Value: 9,000 CAD
Cost to Own
Already Paid: 14,063 CAD (53%)
Cash Incentive: 300 CAD Buyout Price Today: 11,857 CAD
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: 11,857 CAD
- 4.9%Interest Rate x 48 months
- 273 CAD/month + tax
- Total Payable: 13,081 CAD
- Total Interest: 1,224 CAD
- 8.9%Interest Rate x 48 months
- 294 CAD/month + tax
- Total Payable: 14,136 CAD
- Total Interest: 2,279 CAD
- 14.9%Interest Rate x 48 months
- 329 CAD/month + tax
- Total Payable: 15,811 CAD
- Total Interest: 3,954 CAD
At the end of the Lease Contract
Residual Value: 9,000 CAD (in 11 months)
- 4.9%Interest Rate x 48 months
- 207 CAD/month + tax
- Total Payable: 9,929 CAD
- Total Interest: 929 CAD
- 8.9%Interest Rate x 48 months
- 224 CAD/month + tax
- Total Payable: 10,730 CAD
- Total Interest: 1,730 CAD
- 14.9%Interest Rate x 48 months
- 250 CAD/month + tax
- Total Payable: 12,001 CAD
- Total Interest: 3,001 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)
3.07
- + tax
- + fuel
- + insurance
- 3.39CAD/100km (TODAY without the Cash Incentive)
- 17.22CAD/100km (Original Contract back in May, 2018)
Time Analysis
Cost per day: (CAD)
8.54
- + tax
- + insurance
- + km driven & fuel
- 9.44CAD/day (Original Contract back in May, 2018)
Remaining Km
Can be driven up to:
1,953.15
- km/week
- without any
- additional costs
- 384.62km/week (Contract Original back in May, 2018)
Similar Listings in Toronto
+ 4,500 cash
SAVE ~7,200 CAD
2023 Volkswagen
GTI Automatique 2WD Autobahn
Payment Details
- Current Payment: 652 CAD/month + tax
- Cash Incentive: 4,500 CAD
- Payment After Incentive: 523 CAD/month + tax
- Residual Value: 21,631 CAD
- Months to End: 35 months (Apr, 2027)
Vehicle Status
- Contract Allowance: 12,000 km/year
- Current Odometer: 8,800 km total
- Available Now: 13,440 km/year (1,120 per month)
- Excess Km Cost: 0.15 CAD/km
Deal Special Perks
+ 6,000 cash
2022 Lexus
IS300 Luxury Automatique AWD
Payment Details
- Current Payment: 606 CAD/month + tax
- Required Payment: 6,000 CAD
- Payment Including Incentive: 768 CAD/month + tax
- Residual Value: 20,517 CAD
- Months to End: 37 months (Jun, 2027)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 22,951 km total
- Available Now: 24,448 km/year (2,037 per month)
- Excess Km Cost: 0.20 CAD/km
+ 950 cash
2023 Mazda
Mazda3 Sport GT Automatique AWD
Payment Details
- Current Payment: 598 CAD/month + tax
- Cash Incentive: 950 CAD
- Payment After Incentive: 569 CAD/month + tax
- Original Downpayment: 3,211 CAD
- Residual Value: 19,315 CAD
- Months to End: 33 months (Feb, 2027)
Vehicle Status
- Contract Allowance: 16,000 km/year
- Current Odometer: 4,600 km total
- Available Now: 21,600 km/year (1,800 per month)
- Excess Km Cost: 0.08 CAD/km
2021 Mazda
Mazda3 GT Auto FWD Automatique 2WD w/ Warranty Complete Term + Wear & Tear Coverage
Payment Details
- Current Payment: 352 CAD/month + tax
- Months to End: 8 months (Jan, 2025)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 52,000 km total
- Available Now: 42,000 km/year (3,500 per month)
- Please note that this contract ends in less than a year.
+ 2,000 cash
2023 Tesla
Model 3 Standard Automatique 2WD
Payment Details
- Current Payment: 873 CAD/month + tax
- Cash Incentive: 2,000 CAD
- Payment After Incentive: 806 CAD/month + tax
- Months to End: 30 months (Nov, 2026)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 45,000 km total
- Available Now: 13,333 km/year (1,111 per month)
- Excess Km Cost: 0.15 CAD/km
2022 Honda
Civic Seden EX CVT AWD
Payment Details
- Current Payment: 371 CAD/month + tax
- Residual Value: 13,650 CAD
- Months to End: 7 months (Dec, 2024)
Vehicle Status
- Contract Allowance: 20,000 km/year
- Current Odometer: 29,000 km total
- Available Now: 87,429 km/year (7,286 per month)
- Please note that this contract ends in less than a year.
- Excess Km Cost: 0.01 CAD/km