Payment Analysis

272.69CAD/monthin Oakville, ON
    Before Taxes:
  • 272.69 CAD/month
  • 125.86 CAD/bi-weekly
  • 62.93 CAD/week
  • 3,272.28 CAD/year
Incl. Ontario Taxes (13%):
  • 308.14 CAD/month
  • 142.22 CAD/bi-weekly
  • 71.11 CAD/week
  • 3,697.68 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: 9,920 ~ 10,820 CAD

compared to leasing a BRAND NEW:

  • Honda Civic SE
  • for 24 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 558
This Contract (CAD/month) 273
Monthly Difference 285 CAD/month
Remaining Term x 32 months
Total Monthly Difference = 9,120 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 9,920 ~ 10,820

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 20,645 CAD
  • Total Vehicle Debt: 23,736 CAD
  • Paid so Far: 3,091 CAD (13% Paid)
  • Remaining Lease Payments: 8,726 CAD
  • Residual Value: 11,919 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 3,091 CAD Total Vehicle Value: 23,736 CAD
13% Paid
87%
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 8,726 CAD
Term Paid so Far: 1,091 CAD Residual Value: 11,919 CAD
8%
5%
36%
51%
Cost to Own
Already Paid: 3,091 CAD (13%)
Cash Incentive: 0 CAD Buyout Price Today: 20,645 CAD
13% Paid
0%
87%
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: 20,645 CAD

  • 4.9%Interest Rate x 48 months
  • 475 CAD/month + tax
  • Total Payable: 22,776 CAD
  • Total Interest: 2,131 CAD
  • 8.9%Interest Rate x 48 months
  • 513 CAD/month + tax
  • Total Payable: 24,613 CAD
  • Total Interest: 3,968 CAD
  • 14.9%Interest Rate x 48 months
  • 574 CAD/month + tax
  • Total Payable: 27,529 CAD
  • Total Interest: 6,884 CAD

At the end of the Lease Contract

Residual Value: 11,919 CAD (in 32 months)

  • 4.9%Interest Rate x 48 months
  • 274 CAD/month + tax
  • Total Payable: 13,149 CAD
  • Total Interest: 1,230 CAD
  • 8.9%Interest Rate x 48 months
  • 296 CAD/month + tax
  • Total Payable: 14,210 CAD
  • Total Interest: 2,291 CAD
  • 14.9%Interest Rate x 48 months
  • 331 CAD/month + tax
  • Total Payable: 15,893 CAD
  • Total Interest: 3,974 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)
19.05
  • + tax
  • + fuel
  • + insurance
(or 0.19CAD per km)
Time Analysis
Cost per day: (CAD)
8.97
  • + tax
  • + insurance
  • + km driven & fuel
(0.10CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
330.29
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD