Payment Analysis
360.64CAD/monthin Toronto, ON
- 360.64 CAD/month
- 166.45 CAD/bi-weekly
- 83.22 CAD/week
- 4,327.68 CAD/year
Before Taxes:
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 (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:
2,345 ~ 3,245 CAD
compared to leasing a BRAND NEW:
- Honda Civic Touring
- for 42 months
- in Ontario
- $0 down payment
- 24,000 km/year
| Leasing New (CAD/month) | 396 |
|---|---|
| This Contract (CAD/month) | 361 |
| Monthly Difference | 35 CAD/month |
| Remaining Term | x 27 months |
| Total Monthly Difference | = 945 CAD |
| + Cash Incentive** (CAD) | + 600 |
| + Wear & Tear Coverage (CAD) | + 800 ~ 1,700 |
| Total Savings (CAD) | = 2,345 ~ 3,245 |
| ** "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:
21,497 CAD
- Total Vehicle Debt: 30,670 CAD
- Paid so Far: 8,573 CAD (27% Paid)
- Remaining Lease Payments: 9,737 CAD
- Residual Value: 12,360 CAD
- Cash Incentive: 600 CAD
Vehicle Debt & Value
Paid so far: 8,573 CAD Total Vehicle Value: 30,670 CAD
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 9,737 CAD
Term Paid so Far: 7,573 CAD Residual Value: 12,360 CAD
Cost to Own
Already Paid: 8,573 CAD (27%)
Cash Incentive: 600 CAD Buyout Price Today: 21,497 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: 21,497 CAD
- 4.9%Interest Rate x 48 months
- 494 CAD/month + tax
- Total Payable: 23,716 CAD
- Total Interest: 2,219 CAD
- 8.9%Interest Rate x 48 months
- 534 CAD/month + tax
- Total Payable: 25,629 CAD
- Total Interest: 4,132 CAD
- 14.9%Interest Rate x 48 months
- 597 CAD/month + tax
- Total Payable: 28,665 CAD
- Total Interest: 7,168 CAD
At the end of the Lease Contract
Residual Value: 12,360 CAD (in 27 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 about this section)
Distance Analysis
Cost to drive 100km: (CAD)
9.77
- + tax
- + fuel
- + insurance
- 10.41CAD/100km (TODAY without the Cash Incentive)
- 18.03CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
11.13
- + tax
- + insurance
- + km driven & fuel
- 11.86CAD/day (Original Contract back in May, 2019)
Remaining Km
Can be driven up to:
799.15
- km/week
- without any
- additional costs
- 461.54km/week (Contract Original back in May, 2019)
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