Honda Lease Takeover in Victoria: 2020 Honda Honda Clarity Plug-in Hybrid CVT 2WD ID:#4134

Payment Analysis

400.00CAD/monthin Victoria

Before Taxes:

400.00 CAD/month
184.62 CAD/bi-weekly
92.31 CAD/week
4,800.00 CAD/year

Incl. B.C. Taxes (12%):

448.00 CAD/month
206.77 CAD/bi-weekly
103.38 CAD/week
5,376.00 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: 3,726 ~ 4,626 CAD

compared to leasing a BRAND NEW:

Toyota Camry XSE V6
for 36 months
in B.C.
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	609
This Contract (CAD/month)	400
Monthly Difference	209 CAD/month
Remaining Term	x 14 months
Total Monthly Difference	= 2,926 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 3,726 ~ 4,626

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 21,600 CAD

Total Vehicle Debt: 33,600 CAD
Paid so Far: 12,000 CAD (35% Paid)
Remaining Lease Payments: 5,600 CAD
Residual Value: 16,000 CAD
Required Payment: 0 CAD

Vehicle Debt & Value

Paid so far: 12,000 CAD Total Vehicle Value: 33,600 CAD

35% Paid

65%

Vehicle Debt Breakdown

Downpayment: 8,000 CAD Remaining Term: 5,600 CAD

Term Paid so Far: 4,000 CAD Residual Value: 16,000 CAD

23%

12%

16%

49%

Cost to Own

Already Paid: 12,000 CAD (35%)

Required Payment: 0 CAD (0%)Buyout Price Today: 21,600 CAD

35% 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: 21,600 CAD

4.9%Interest Rate x 48 months
496 CAD/month + tax
Total Payable: 23,830 CAD
Total Interest: 2,230 CAD

8.9%Interest Rate x 48 months
536 CAD/month + tax
Total Payable: 25,752 CAD
Total Interest: 4,152 CAD

14.9%Interest Rate x 48 months
600 CAD/month + tax
Total Payable: 28,802 CAD
Total Interest: 7,202 CAD

At the end of the Lease Contract

Residual Value: 16,000 CAD (in 14 months)

4.9%Interest Rate x 48 months
368 CAD/month + tax
Total Payable: 17,652 CAD
Total Interest: 1,652 CAD

8.9%Interest Rate x 48 months
397 CAD/month + tax
Total Payable: 19,075 CAD
Total Interest: 3,075 CAD

14.9%Interest Rate x 48 months
444 CAD/month + tax
Total Payable: 21,335 CAD
Total Interest: 5,335 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)