Payment Analysis

295.80CAD/monthin Hamilton, ON
    Before Taxes:
  • 295.80 CAD/month
  • 136.52 CAD/bi-weekly
  • 68.26 CAD/week
  • 3,549.60 CAD/year
Incl. Ontario Taxes (13%):
  • 334.25 CAD/month
  • 154.27 CAD/bi-weekly
  • 77.14 CAD/week
  • 4,011.05 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: 6,255 ~ 7,555 CAD

compared to leasing a BRAND NEW:

  • Honda Civic LX CVT
  • for 24 months
  • in Ontario
  • $0 down payment
  • 25,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 428
This Contract (CAD/month) 296
Monthly Difference 133 CAD/month
Remaining Term x 35 months
Total Monthly Difference = 4,655 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 6,255 ~ 7,555

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 16,853 CAD
  • Total Vehicle Debt: 23,698 CAD
  • Paid so Far: 6,845 CAD (28% Paid)
  • Remaining Lease Payments: 10,353 CAD
  • Residual Value: 6,500 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,845 CAD Total Vehicle Value: 23,698 CAD
28% Paid
72%
Vehicle Debt Breakdown
Downpayment: 3,000 CAD Remaining Term: 10,353 CAD
Term Paid so Far: 3,845 CAD Residual Value: 6,500 CAD
12%
16%
44%
28%
Cost to Own
Already Paid: 6,845 CAD (28%)
Cash Incentive: 0 CAD Buyout Price Today: 16,853 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: 16,853 CAD

  • 4.9%Interest Rate x 48 months
  • 387 CAD/month + tax
  • Total Payable: 18,593 CAD
  • Total Interest: 1,740 CAD
  • 8.9%Interest Rate x 48 months
  • 419 CAD/month + tax
  • Total Payable: 20,092 CAD
  • Total Interest: 3,239 CAD
  • 14.9%Interest Rate x 48 months
  • 468 CAD/month + tax
  • Total Payable: 22,473 CAD
  • Total Interest: 5,620 CAD

At the end of the Lease Contract

Residual Value: 6,500 CAD (in 35 months)

  • 4.9%Interest Rate x 48 months
  • 149 CAD/month + tax
  • Total Payable: 7,171 CAD
  • Total Interest: 671 CAD
  • 8.9%Interest Rate x 48 months
  • 161 CAD/month + tax
  • Total Payable: 7,749 CAD
  • Total Interest: 1,249 CAD
  • 14.9%Interest Rate x 48 months
  • 181 CAD/month + tax
  • Total Payable: 8,667 CAD
  • Total Interest: 2,167 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)
18.49
  • + tax
  • + fuel
  • + insurance
(or 0.18CAD per km)
Time Analysis
Cost per day: (CAD)
9.72
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
369.23
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided