Payment Analysis
188.00CAD/monthin Toronto, ON
- 188.00 CAD/month
- 86.77 CAD/bi-weekly
- 43.38 CAD/week
- 2,256.00 CAD/year
Before Taxes:
Incl. Ontario Taxes (13%):
- 212.44 CAD/month
- 98.05 CAD/bi-weekly
- 49.02 CAD/week
- 2,549.28 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:
8,629 ~ 9,929 CAD
compared to leasing a BRAND NEW:
- Honda Fit LX 2019
- for 24 months
- in Ontario
- $0 down payment
- 20,000 km/year
| Leasing New (CAD/month) | 402 |
|---|---|
| This Contract (CAD/month) | 188 |
| Monthly Difference | 213 CAD/month |
| Remaining Term | x 33 months |
| Total Monthly Difference | = 7,029 CAD |
| + Winter Tires Cost (CAD) | + 800 ~ 1,200 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 8,629 ~ 9,929 |
For Buyout Purposes
To own this vehicle today (buying it as a used car) would cost:
17,914 CAD
- Total Vehicle Debt: 23,478 CAD
- Paid so Far: 5,564 CAD (23% Paid)
- Remaining Lease Payments: 6,204 CAD
- Residual Value: 11,710 CAD
- Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 5,564 CAD Total Vehicle Value: 23,478 CAD
Vehicle Debt Breakdown
Downpayment: 5,000 CAD Remaining Term: 6,204 CAD
Term Paid so Far: 564 CAD Residual Value: 11,710 CAD
Cost to Own
Already Paid: 5,564 CAD (23%)
Cash Incentive: 0 CAD Buyout Price Today: 17,914 CAD
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: 17,914 CAD
- 4.9%Interest Rate x 48 months
- 412 CAD/month + tax
- Total Payable: 19,763 CAD
- Total Interest: 1,849 CAD
- 8.9%Interest Rate x 48 months
- 445 CAD/month + tax
- Total Payable: 21,357 CAD
- Total Interest: 3,443 CAD
- 14.9%Interest Rate x 48 months
- 498 CAD/month + tax
- Total Payable: 23,887 CAD
- Total Interest: 5,973 CAD
At the end of the Lease Contract
Residual Value: 11,710 CAD (in 33 months)
- 4.9%Interest Rate x 48 months
- 269 CAD/month + tax
- Total Payable: 12,919 CAD
- Total Interest: 1,209 CAD
- 8.9%Interest Rate x 48 months
- 291 CAD/month + tax
- Total Payable: 13,961 CAD
- Total Interest: 2,251 CAD
- 14.9%Interest Rate x 48 months
- 325 CAD/month + tax
- Total Payable: 15,615 CAD
- Total Interest: 3,905 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)
13.36
- + tax
- + fuel
- + insurance
Time Analysis
Cost per day: (CAD)
6.18
- + tax
- + insurance
- + km driven & fuel
Remaining Km
Can be driven up to:
324.74
- km/week
- without any
- additional costs
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+ 3,000 cash
SAVE ~5,700 CAD
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