Payment Analysis

360.64CAD/monthin Toronto, ON
    Before Taxes:
  • 360.64 CAD/month
  • 166.45 CAD/bi-weekly
  • 83.22 CAD/week
  • 4,327.68 CAD/year
Incl. Ontario Taxes (13%):
  • 407.52 CAD/month
  • 188.09 CAD/bi-weekly
  • 94.04 CAD/week
  • 4,890.28 CAD/year

Lease Takeover/Buyout Analysis

The Lease Takeover Analysis "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)

For Leasing Purposes

With this deal, you are saving: 2,730 ~ 3,630 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Touring
  • for 42 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 396
This Contract (CAD/month) 361
Monthly Difference 35 CAD/month
Remaining Term x 38 months
Total Monthly Difference = 1,330 CAD
+ Cash Incentive** (CAD) + 600
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 2,730 ~ 3,630
** "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: 25,464 CAD
  • Total Vehicle Debt: 30,670 CAD
  • Paid so Far: 4,606 CAD (15% Paid)
  • Remaining Lease Payments: 13,704 CAD
  • Residual Value: 12,360 CAD
  • Cash Incentive: 600 CAD
Vehicle Debt & Value
Paid so far: 4,606 CAD Total Vehicle Value: 30,670 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 13,704 CAD
Term Paid so Far: 3,606 CAD Residual Value: 12,360 CAD
3%
12%
44%
41%
Cost to Own
Already Paid: 4,606 CAD
Cash Incentive: 600 CAD Buyout Price Today: 25,464 CAD
15% Paid
1%
84%
Interested on financing the vehicle? This section automatically calculates the following scenarios: (Learn more)

Finance the remaining Debt Today

Remaining Term + Residual Value: 25,464 CAD

  • 4.9%Interest Rate x 48 months
  • 585 CAD/month + tax
  • Total Payable: 28,093 CAD
  • Total Interest: 2,629 CAD
  • 8.9%Interest Rate x 48 months
  • 632 CAD/month + tax
  • Total Payable: 30,358 CAD
  • Total Interest: 4,894 CAD
  • 14.9%Interest Rate x 48 months
  • 707 CAD/month + tax
  • Total Payable: 33,955 CAD
  • Total Interest: 8,491 CAD

At the end of the Lease Contract

Residual Value: 12,360 CAD (in 38 months)

  • 4.9%Interest Rate x 48 months
  • 284 CAD/month + tax
  • Total Payable: 13,636 CAD
  • Total Interest: 1,276 CAD
  • 8.9%Interest Rate x 48 months
  • 307 CAD/month + tax
  • Total Payable: 14,735 CAD
  • Total Interest: 2,376 CAD
  • 14.9%Interest Rate x 48 months
  • 343 CAD/month + tax
  • Total Payable: 16,481 CAD
  • Total Interest: 4,121 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)

Distance Analysis
Cost to drive 100km: (CAD)
14.02
  • + tax
  • + fuel
  • + insurance
(inlcuding the 600CAD incentive)
  • 14.66CAD/100km (TODAY without the Cash Incentive)
  • 18.03CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
11.34
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 600CAD incentive)
  • 11.86CAD/day (Original Contract back in May, 2019)
Remaining Km
Can be driven up to:
567.81
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in May, 2019)