Payment Analysis

434.84CAD/monthin Vaughan, ON
    Before Taxes:
  • 434.84 CAD/month
  • 200.70 CAD/bi-weekly
  • 100.35 CAD/week
  • 5,218.08 CAD/year
Incl. Ontario Taxes (13%):
  • 491.37 CAD/month
  • 226.79 CAD/bi-weekly
  • 113.39 CAD/week
  • 5,896.43 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: 8,200 ~ 9,100 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Hatchback Touring
  • for 30 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 590
This Contract (CAD/month) 435
Monthly Difference 155 CAD/month
Remaining Term x 40 months
Total Monthly Difference = 6,200 CAD
+ Cash Incentive** (CAD) + 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 8,200 ~ 9,100
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 29,172 CAD
  • Total Vehicle Debt: 33,850 CAD
  • Paid so Far: 3,479 CAD (10% Paid)
  • Remaining Lease Payments: 17,394 CAD
  • Residual Value: 12,978 CAD
  • Cash Incentive: 1,200 CAD
Vehicle Debt & Value
Paid so far: 3,479 CAD Total Vehicle Value: 33,850 CAD
10% Paid
90%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 17,394 CAD
Term Paid so Far: 3,479 CAD Residual Value: 12,978 CAD
0%
10%
51%
39%
Cost to Own
Already Paid: 3,479 CAD (10%)
Cash Incentive: 1,200 CAD Buyout Price Today: 29,172 CAD
10% Paid
3%
87%
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: 29,172 CAD

  • 4.9%Interest Rate x 48 months
  • 670 CAD/month + tax
  • Total Payable: 32,183 CAD
  • Total Interest: 3,011 CAD
  • 8.9%Interest Rate x 48 months
  • 725 CAD/month + tax
  • Total Payable: 34,779 CAD
  • Total Interest: 5,607 CAD
  • 14.9%Interest Rate x 48 months
  • 810 CAD/month + tax
  • Total Payable: 38,899 CAD
  • Total Interest: 9,727 CAD

At the end of the Lease Contract

Residual Value: 12,978 CAD (in 40 months)

  • 4.9%Interest Rate x 48 months
  • 298 CAD/month + tax
  • Total Payable: 14,318 CAD
  • Total Interest: 1,340 CAD
  • 8.9%Interest Rate x 48 months
  • 322 CAD/month + tax
  • Total Payable: 15,472 CAD
  • Total Interest: 2,494 CAD
  • 14.9%Interest Rate x 48 months
  • 361 CAD/month + tax
  • Total Payable: 17,305 CAD
  • Total Interest: 4,327 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)
18.20
  • + tax
  • + fuel
  • + insurance
(inlcuding the 1,200CAD incentive)
  • 19.54CAD/100km (TODAY without the Cash Incentive)
  • 21.74CAD/100km (Original Contract back in Jan, 2018)
Time Analysis
Cost per day: (CAD)
13.31
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 1,200CAD incentive)
  • 14.30CAD/day (Original Contract back in Jan, 2018)
Remaining Km
Can be driven up to:
513.46
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in Jan, 2018)

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