Payment Analysis

221.84CAD/monthin Montreal, QC
    Before Taxes:
  • 221.84 CAD/month
  • 102.39 CAD/bi-weekly
  • 51.19 CAD/week
  • 2,662.08 CAD/year
Incl. Québec Taxes (14.98%):
  • 255.07 CAD/month
  • 117.73 CAD/bi-weekly
  • 58.86 CAD/week
  • 3,060.86 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: 1,592 ~ 2,492 CAD

compared to leasing a BRAND NEW:

  • Honda Civic LX Manual
  • for 48 months
  • in Quebec
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 287
This Contract (CAD/month) 222
Monthly Difference 66 CAD/month
Remaining Term x 12 months
Total Monthly Difference = 792 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,592 ~ 2,492

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 10,498 CAD
  • Total Vehicle Debt: 22,346 CAD
  • Paid so Far: 11,848 CAD (53% Paid)
  • Remaining Lease Payments: 2,662 CAD
  • Residual Value: 7,836 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 11,848 CAD Total Vehicle Value: 22,346 CAD
53% Paid
47%
Vehicle Debt Breakdown
Downpayment: 1,200 CAD Remaining Term: 2,662 CAD
Term Paid so Far: 10,648 CAD Residual Value: 7,836 CAD
5%
48%
11%
36%
Cost to Own
Already Paid: 11,848 CAD (53%)
Cash Incentive: 0 CAD Buyout Price Today: 10,498 CAD
53% Paid
0%
47%
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: 10,498 CAD

  • 4.9%Interest Rate x 48 months
  • 241 CAD/month + tax
  • Total Payable: 11,582 CAD
  • Total Interest: 1,084 CAD
  • 8.9%Interest Rate x 48 months
  • 261 CAD/month + tax
  • Total Payable: 12,516 CAD
  • Total Interest: 2,018 CAD
  • 14.9%Interest Rate x 48 months
  • 292 CAD/month + tax
  • Total Payable: 13,999 CAD
  • Total Interest: 3,501 CAD

At the end of the Lease Contract

Residual Value: 7,836 CAD (in 12 months)

  • 4.9%Interest Rate x 48 months
  • 180 CAD/month + tax
  • Total Payable: 8,645 CAD
  • Total Interest: 809 CAD
  • 8.9%Interest Rate x 48 months
  • 195 CAD/month + tax
  • Total Payable: 9,342 CAD
  • Total Interest: 1,506 CAD
  • 14.9%Interest Rate x 48 months
  • 218 CAD/month + tax
  • Total Payable: 10,449 CAD
  • Total Interest: 2,613 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)
3.18
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 13.31CAD/100km (Original Contract back in Mar, 2018)
Time Analysis
Cost per day: (CAD)
7.29
  • + tax
  • + insurance
  • + km driven & fuel
(0.27CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,607.69
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Mar, 2018)

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