Payment Analysis

397.27CAD/monthin Vancouver, BC
    Before Taxes:
  • 397.27 CAD/month
  • 183.36 CAD/bi-weekly
  • 91.68 CAD/week
  • 4,767.24 CAD/year
Incl. B.C. Taxes (12%):
  • 444.94 CAD/month
  • 205.36 CAD/bi-weekly
  • 102.68 CAD/week
  • 5,339.31 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: 4,379 CAD

compared to leasing a BRAND NEW:

  • Honda Accord Touring
  • for 36 months
  • in British Columbia
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 548
This Contract (CAD/month) 397
Monthly Difference 151 CAD/month
Remaining Term x 29 months
Total Monthly Difference = 4,379 CAD
Total Savings (CAD) = 4,379

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 26,941 CAD
  • Total Vehicle Debt: 37,489 CAD
  • Paid so Far: 10,548 CAD (28% Paid)
  • Remaining Lease Payments: 11,521 CAD
  • Residual Value: 15,420 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 10,548 CAD Total Vehicle Value: 37,489 CAD
28% Paid
72%
Vehicle Debt Breakdown
Downpayment: 3,000 CAD Remaining Term: 11,521 CAD
Term Paid so Far: 7,548 CAD Residual Value: 15,420 CAD
7%
21%
30%
42%
Cost to Own
Already Paid: 10,548 CAD (28%)
Cash Incentive: 0 CAD Buyout Price Today: 26,941 CAD
28% Paid
0%
72%
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: 26,941 CAD

  • 4.9%Interest Rate x 48 months
  • 619 CAD/month + tax
  • Total Payable: 29,722 CAD
  • Total Interest: 2,781 CAD
  • 8.9%Interest Rate x 48 months
  • 669 CAD/month + tax
  • Total Payable: 32,119 CAD
  • Total Interest: 5,178 CAD
  • 14.9%Interest Rate x 48 months
  • 748 CAD/month + tax
  • Total Payable: 35,924 CAD
  • Total Interest: 8,983 CAD

At the end of the Lease Contract

Residual Value: 15,420 CAD (in 29 months)

  • 4.9%Interest Rate x 48 months
  • 354 CAD/month + tax
  • Total Payable: 17,012 CAD
  • Total Interest: 1,592 CAD
  • 8.9%Interest Rate x 48 months
  • 383 CAD/month + tax
  • Total Payable: 18,383 CAD
  • Total Interest: 2,964 CAD
  • 14.9%Interest Rate x 48 months
  • 428 CAD/month + tax
  • Total Payable: 20,561 CAD
  • Total Interest: 5,142 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)
18.29
  • + tax
  • + fuel
  • + insurance
(or 0.18CAD per km)
  • 23.84CAD/100km (Original Contract back in Dec, 2017)
Time Analysis
Cost per day: (CAD)
13.06
  • + tax
  • + insurance
  • + km driven & fuel
(0.11CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
501.33
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Dec, 2017)

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