Honda Lease Takeover in Oshawa, ON: 2019 Honda Accord Touring CVT 2WD ID:#15120

Payment Analysis

460.24CAD/monthin Oshawa, ON

Before Taxes:

460.24 CAD/month
212.42 CAD/bi-weekly
106.21 CAD/week
5,522.88 CAD/year

Incl. Ontario Taxes (13%):

520.07 CAD/month
240.03 CAD/bi-weekly
120.02 CAD/week
6,240.85 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: 800 ~ 1,200 CAD

compared to leasing a BRAND NEW:

Honda Accord Sedan Touring CVT 2WD
for 48 months
in Ontario
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	508
This Contract (CAD/month)	460
Monthly Difference	48 CAD/month
Remaining Term	x 0 months
Total Monthly Difference	= 0 CAD
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
Total Savings (CAD)	= 800 ~ 1,200

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 13,752 CAD

Total Vehicle Debt: 41,507 CAD
Paid so Far: 27,754 CAD (66% Paid)
Remaining Lease Payments: 0 CAD
Residual Value: 13,752 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 27,754 CAD Total Vehicle Value: 41,507 CAD

66% Paid

34%

Vehicle Debt Breakdown

Downpayment: 140 CAD Remaining Term: 0 CAD

Term Paid so Far: 27,614 CAD Residual Value: 13,752 CAD

66%

34%

Cost to Own

Already Paid: 27,754 CAD (66%)

Cash Incentive: 0 CAD Buyout Price Today: 13,752 CAD

66% Paid

34%

Additional Financing Details

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: 13,752 CAD

4.9%Interest Rate x 48 months
316 CAD/month + tax
Total Payable: 15,172 CAD
Total Interest: 1,420 CAD

8.9%Interest Rate x 48 months
342 CAD/month + tax
Total Payable: 16,395 CAD
Total Interest: 2,643 CAD

14.9%Interest Rate x 48 months
382 CAD/month + tax
Total Payable: 18,338 CAD
Total Interest: 4,586 CAD

At the end of the Lease Contract

Residual Value: 13,752 CAD (in 1 months)

4.9%Interest Rate x 48 months
316 CAD/month + tax
Total Payable: 15,172 CAD
Total Interest: 1,420 CAD

8.9%Interest Rate x 48 months
342 CAD/month + tax
Total Payable: 16,395 CAD
Total Interest: 2,643 CAD

14.9%Interest Rate x 48 months
382 CAD/month + tax
Total Payable: 18,338 CAD
Total Interest: 4,586 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)