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 (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: 1,750 ~ 2,650 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 10 months
Total Monthly Difference = 350 CAD
+ Cash Incentive** (CAD) + 600
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 1,750 ~ 2,650
** "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: 15,366 CAD
  • Total Vehicle Debt: 30,670 CAD
  • Paid so Far: 14,704 CAD (47% Paid)
  • Remaining Lease Payments: 3,606 CAD
  • Residual Value: 12,360 CAD
  • Cash Incentive: 600 CAD
Vehicle Debt & Value
Paid so far: 14,704 CAD Total Vehicle Value: 30,670 CAD
47% Paid
53%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 3,606 CAD
Term Paid so Far: 13,704 CAD Residual Value: 12,360 CAD
3%
44%
11%
42%
Cost to Own
Already Paid: 14,704 CAD (47%)
Cash Incentive: 600 CAD Buyout Price Today: 15,366 CAD
47% Paid
1%
52%
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: 15,366 CAD

  • 4.9%Interest Rate x 48 months
  • 353 CAD/month + tax
  • Total Payable: 16,952 CAD
  • Total Interest: 1,586 CAD
  • 8.9%Interest Rate x 48 months
  • 382 CAD/month + tax
  • Total Payable: 18,319 CAD
  • Total Interest: 2,953 CAD
  • 14.9%Interest Rate x 48 months
  • 427 CAD/month + tax
  • Total Payable: 20,490 CAD
  • Total Interest: 5,124 CAD

At the end of the Lease Contract

Residual Value: 12,360 CAD (in 10 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)
3.22
  • + tax
  • + fuel
  • + insurance
(inlcuding the 600CAD incentive)
  • 3.86CAD/100km (TODAY without the Cash Incentive)
  • 18.03CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
9.88
  • + 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:
2,157.69
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in May, 2019)

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