Honda Lease Takeover in Langley, BC: 2022 Honda CRV Touring Black Edition CVT AWD ID:#52497

Payment Analysis

723.36CAD/monthin Langley, BC

Before Taxes:

723.36 CAD/month
333.86 CAD/bi-weekly
166.93 CAD/week
8,680.32 CAD/year

Incl. B.C. Taxes (12%):

810.16 CAD/month
373.92 CAD/bi-weekly
186.96 CAD/week
9,721.96 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: 3,888 CAD

compared to leasing a BRAND NEW:

2024 CR-V EX-L
for 36 months
in B.C.
$0 down payment
25,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	799
This Contract (CAD/month)	723
Monthly Difference	76 CAD/month
Remaining Term	x 38 months
Total Monthly Difference	= 2,888 CAD
+ Cash Incentive** (CAD)	+ 1,000
Total Savings (CAD)	= 3,888
	** "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: 44,636 CAD

Total Vehicle Debt: 61,550 CAD
Paid so Far: 15,914 CAD (25% Paid)
Remaining Lease Payments: 27,488 CAD
Residual Value: 18,148 CAD
Cash Incentive: 1,000 CAD

Vehicle Debt & Value

Paid so far: 15,914 CAD Total Vehicle Value: 61,550 CAD

25% Paid

75%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 27,488 CAD

Term Paid so Far: 15,914 CAD Residual Value: 18,148 CAD

25%

45%

30%

Cost to Own

Already Paid: 15,914 CAD (25%)

Cash Incentive: 1,000 CAD Buyout Price Today: 44,636 CAD

25% Paid

74%

Additional Financing Details

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: 44,636 CAD

4.9%Interest Rate x 48 months
1,026 CAD/month + tax
Total Payable: 49,244 CAD
Total Interest: 4,608 CAD

8.9%Interest Rate x 48 months
1,109 CAD/month + tax
Total Payable: 53,215 CAD
Total Interest: 8,579 CAD

14.9%Interest Rate x 48 months
1,240 CAD/month + tax
Total Payable: 59,519 CAD
Total Interest: 14,884 CAD

At the end of the Lease Contract

Residual Value: 18,148 CAD (in 38 months)

4.9%Interest Rate x 48 months
417 CAD/month + tax
Total Payable: 20,021 CAD
Total Interest: 1,873 CAD

8.9%Interest Rate x 48 months
451 CAD/month + tax
Total Payable: 21,636 CAD
Total Interest: 3,488 CAD

14.9%Interest Rate x 48 months
504 CAD/month + tax
Total Payable: 24,199 CAD
Total Interest: 6,051 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)

31.16

+ tax
+ fuel
+ insurance

(inlcuding the 1,000CAD incentive)

32.34CAD/100km (TODAY without the Cash Incentive)
43.40CAD/100km (Original Contract back in Jul, 2022)

Time Analysis

Cost per day: (CAD)

22.92

+ tax
+ insurance
+ km driven & fuel

(inlcuding the 1,000CAD incentive)

23.78CAD/day (Original Contract back in Jul, 2022)

Remaining Km

Can be driven up to:

516.19

km/week
without any
additional costs

Excess km cost: 0.12CAD

384.62km/week (Contract Original back in Jul, 2022)

Seller Contact Info

Name: Abdalrahman
Location: Langley, BC
Date Contract Started: 2022-07-28
Date Contract Ends: 2027-07-28

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Honda CR-V 2022 Black Edition
No Accidents/Repairs, One owner.
Lease payment: $808/month Tax inclusive
APR: 4.95%
KMs driven: ~15,000 km
Remaining KMs: ~85,000 km - Rarely driven
Lease maturation: August 2027
Total car price: $51,284.40
Residual value: $18,148
Ceramic coated at dealership
Comes with Honda Plus extended warranty + Open road: Road hazard protection Plus - $2200 in value.
I will take care of Lease takeover fees: ~$1000
Buyout $39,000 + Tax
Car is as new in mint condition.