Payment Analysis

289.00CAD/monthin Collingwood, ON
    Before Taxes:
  • 289.00 CAD/month
  • 133.38 CAD/bi-weekly
  • 66.69 CAD/week
  • 3,468.00 CAD/year
Incl. Ontario Taxes (13%):
  • 326.57 CAD/month
  • 150.72 CAD/bi-weekly
  • 75.36 CAD/week
  • 3,918.84 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: 2,816 CAD

compared to leasing a BRAND NEW:

  • Honda Civic SE
  • for 32 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 377
This Contract (CAD/month) 289
Monthly Difference 88 CAD/month
Remaining Term x 32 months
Total Monthly Difference = 2,816 CAD
Total Savings (CAD) = 2,816

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 19,818 CAD
  • Total Vehicle Debt: 24,846 CAD
  • Paid so Far: 5,028 CAD (20% Paid)
  • Remaining Lease Payments: 9,248 CAD
  • Residual Value: 10,570 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 5,028 CAD Total Vehicle Value: 24,846 CAD
20% Paid
80%
Vehicle Debt Breakdown
Downpayment: 404 CAD Remaining Term: 9,248 CAD
Term Paid so Far: 4,624 CAD Residual Value: 10,570 CAD
1%
19%
37%
43%
Cost to Own
Already Paid: 5,028 CAD (20%)
Cash Incentive: 0 CAD Buyout Price Today: 19,818 CAD
20% Paid
0%
80%
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: 19,818 CAD

  • 4.9%Interest Rate x 48 months
  • 455 CAD/month + tax
  • Total Payable: 21,864 CAD
  • Total Interest: 2,046 CAD
  • 8.9%Interest Rate x 48 months
  • 492 CAD/month + tax
  • Total Payable: 23,627 CAD
  • Total Interest: 3,809 CAD
  • 14.9%Interest Rate x 48 months
  • 551 CAD/month + tax
  • Total Payable: 26,426 CAD
  • Total Interest: 6,608 CAD

At the end of the Lease Contract

Residual Value: 10,570 CAD (in 32 months)

  • 4.9%Interest Rate x 48 months
  • 243 CAD/month + tax
  • Total Payable: 11,661 CAD
  • Total Interest: 1,091 CAD
  • 8.9%Interest Rate x 48 months
  • 263 CAD/month + tax
  • Total Payable: 12,602 CAD
  • Total Interest: 2,032 CAD
  • 14.9%Interest Rate x 48 months
  • 294 CAD/month + tax
  • Total Payable: 14,095 CAD
  • Total Interest: 3,525 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)
12.33
  • + tax
  • + fuel
  • + insurance
(or 0.12CAD per km)
  • 17.34CAD/100km (Original Contract back in Aug, 2018)
Time Analysis
Cost per day: (CAD)
9.50
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
540.87
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Aug, 2018)

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