Payment Analysis

431.00CAD/monthin Toronto, ON
    Before Taxes:
  • 431.00 CAD/month
  • 198.92 CAD/bi-weekly
  • 99.46 CAD/week
  • 5,172.00 CAD/year
Incl. Ontario Taxes (13%):
  • 487.03 CAD/month
  • 224.78 CAD/bi-weekly
  • 112.39 CAD/week
  • 5,844.36 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: 848 ~ 1,748 CAD

compared to leasing a BRAND NEW:

  • Honda LX CVT 2WD w/ Extended Warranty * 5 Year/100,000 km
  • for 60 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 439
This Contract (CAD/month) 431
Monthly Difference 8 CAD/month
Remaining Term x 6 months
Total Monthly Difference = 48 CAD
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 848 ~ 1,748

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,497 CAD
  • Total Vehicle Debt: 38,771 CAD
  • Paid so Far: 23,274 CAD (60% Paid)
  • Remaining Lease Payments: 2,586 CAD
  • Residual Value: 12,911 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 23,274 CAD Total Vehicle Value: 38,771 CAD
60% Paid
40%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 2,586 CAD
Term Paid so Far: 23,274 CAD Residual Value: 12,911 CAD
0%
60%
6%
34%
Cost to Own
Already Paid: 23,274 CAD (60%)
Cash Incentive: 0 CAD Buyout Price Today: 15,497 CAD
60% Paid
0%
40%
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: 15,497 CAD

  • 4.9%Interest Rate x 48 months
  • 356 CAD/month + tax
  • Total Payable: 17,096 CAD
  • Total Interest: 1,600 CAD
  • 8.9%Interest Rate x 48 months
  • 385 CAD/month + tax
  • Total Payable: 18,475 CAD
  • Total Interest: 2,978 CAD
  • 14.9%Interest Rate x 48 months
  • 430 CAD/month + tax
  • Total Payable: 20,664 CAD
  • Total Interest: 5,167 CAD

At the end of the Lease Contract

Residual Value: 12,911 CAD (in 6 months)

  • 4.9%Interest Rate x 48 months
  • 297 CAD/month + tax
  • Total Payable: 14,243 CAD
  • Total Interest: 1,333 CAD
  • 8.9%Interest Rate x 48 months
  • 321 CAD/month + tax
  • Total Payable: 15,392 CAD
  • Total Interest: 2,481 CAD
  • 14.9%Interest Rate x 48 months
  • 359 CAD/month + tax
  • Total Payable: 17,215 CAD
  • Total Interest: 4,305 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)
2.59
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 25.86CAD/100km (Original Contract back in Jun, 2020)
Time Analysis
Cost per day: (CAD)
14.17
  • + tax
  • + insurance
  • + km driven & fuel
(0.55CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
3,844.23
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 384.62km/week (Contract Original back in Jun, 2020)

Seller Contact Info

This Contract was Already Transferred.

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