Payment Analysis

513.82CAD/monthin Hamilton, ON
    Before Taxes:
  • 513.82 CAD/month
  • 237.15 CAD/bi-weekly
  • 118.57 CAD/week
  • 6,165.84 CAD/year
Incl. Ontario Taxes (13%):
  • 580.62 CAD/month
  • 267.98 CAD/bi-weekly
  • 133.99 CAD/week
  • 6,967.40 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: 9,240 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Type R
  • for 24 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 898
This Contract (CAD/month) 514
Monthly Difference 385 CAD/month
Remaining Term x 24 months
Total Monthly Difference = 9,240 CAD
Total Savings (CAD) = 9,240

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 35,678 CAD
  • Total Vehicle Debt: 53,698 CAD
  • Paid so Far: 18,021 CAD (33% Paid)
  • Remaining Lease Payments: 12,332 CAD
  • Residual Value: 23,346 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 18,021 CAD Total Vehicle Value: 53,698 CAD
33% Paid
67%
Vehicle Debt Breakdown
Downpayment: 8,772 CAD Remaining Term: 12,332 CAD
Term Paid so Far: 9,249 CAD Residual Value: 23,346 CAD
16%
17%
23%
44%
Cost to Own
Already Paid: 18,021 CAD (33%)
Cash Incentive: 0 CAD Buyout Price Today: 35,678 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: 35,678 CAD

  • 4.9%Interest Rate x 48 months
  • 820 CAD/month + tax
  • Total Payable: 39,361 CAD
  • Total Interest: 3,683 CAD
  • 8.9%Interest Rate x 48 months
  • 886 CAD/month + tax
  • Total Payable: 42,535 CAD
  • Total Interest: 6,857 CAD
  • 14.9%Interest Rate x 48 months
  • 991 CAD/month + tax
  • Total Payable: 47,574 CAD
  • Total Interest: 11,897 CAD

At the end of the Lease Contract

Residual Value: 23,346 CAD (in 24 months)

  • 4.9%Interest Rate x 48 months
  • 537 CAD/month + tax
  • Total Payable: 25,756 CAD
  • Total Interest: 2,410 CAD
  • 8.9%Interest Rate x 48 months
  • 580 CAD/month + tax
  • Total Payable: 27,833 CAD
  • Total Interest: 4,487 CAD
  • 14.9%Interest Rate x 48 months
  • 649 CAD/month + tax
  • Total Payable: 31,131 CAD
  • Total Interest: 7,785 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)
20.90
  • + tax
  • + fuel
  • + insurance
(or 0.21CAD per km)
  • 30.83CAD/100km (Original Contract back in May, 2019)
Time Analysis
Cost per day: (CAD)
16.89
  • + tax
  • + insurance
  • + km driven & fuel
(0.14CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
567.31
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in May, 2019)

Seller Contact Info

This Contract was Already Transferred.

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Payment Details
  • Current Payment: 490 CAD/month + tax
  • Original Downpayment: 3,000 CAD
  • Residual Value: 26,926 CAD
  • Months to End: 21 months (Sep, 2026)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 11,000 km total
  • Available Now: 21,143 km/year (1,762 per month)
  • Excess Km Cost: 0.12 CAD/km
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