Payment Analysis

351.56CAD/monthin Halifax, NS
    Before Taxes:
  • 351.56 CAD/month
  • 162.26 CAD/bi-weekly
  • 81.13 CAD/week
  • 4,218.72 CAD/year
Incl. Nova Scotia Taxes (15%):
  • 404.29 CAD/month
  • 186.60 CAD/bi-weekly
  • 93.30 CAD/week
  • 4,851.53 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: 882 CAD

compared to leasing a BRAND NEW:

  • Honda Accord LX
  • for 36 months
  • in Nova Scotia
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 393
This Contract (CAD/month) 352
Monthly Difference 42 CAD/month
Remaining Term x 21 months
Total Monthly Difference = 882 CAD
Total Savings (CAD) = 882

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 20,212 CAD
  • Total Vehicle Debt: 30,353 CAD
  • Paid so Far: 10,141 CAD (33% Paid)
  • Remaining Lease Payments: 7,383 CAD
  • Residual Value: 12,829 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 10,141 CAD Total Vehicle Value: 30,353 CAD
33% Paid
67%
Vehicle Debt Breakdown
Downpayment: 1,000 CAD Remaining Term: 7,383 CAD
Term Paid so Far: 9,141 CAD Residual Value: 12,829 CAD
3%
30%
24%
43%
Cost to Own
Already Paid: 10,141 CAD (33%)
Cash Incentive: 0 CAD Buyout Price Today: 20,212 CAD
33% Paid
0%
67%
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: 20,212 CAD

  • 4.9%Interest Rate x 48 months
  • 465 CAD/month + tax
  • Total Payable: 22,299 CAD
  • Total Interest: 2,087 CAD
  • 8.9%Interest Rate x 48 months
  • 502 CAD/month + tax
  • Total Payable: 24,097 CAD
  • Total Interest: 3,885 CAD
  • 14.9%Interest Rate x 48 months
  • 561 CAD/month + tax
  • Total Payable: 26,952 CAD
  • Total Interest: 6,740 CAD

At the end of the Lease Contract

Residual Value: 12,829 CAD (in 21 months)

  • 4.9%Interest Rate x 48 months
  • 295 CAD/month + tax
  • Total Payable: 14,154 CAD
  • Total Interest: 1,324 CAD
  • 8.9%Interest Rate x 48 months
  • 319 CAD/month + tax
  • Total Payable: 15,295 CAD
  • Total Interest: 2,466 CAD
  • 14.9%Interest Rate x 48 months
  • 356 CAD/month + tax
  • Total Payable: 17,107 CAD
  • Total Interest: 4,278 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)
9.60
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 17.58CAD/100km (Original Contract back in Jul, 2018)
Time Analysis
Cost per day: (CAD)
11.56
  • + tax
  • + insurance
  • + km driven & fuel
(0.16CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
844.91
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 461.54km/week (Contract Original back in Jul, 2018)