Honda Lease Takeover in Montreal, QC: 2020 Honda Civic LX CVT 2WD ID:#24709

Payment Analysis

252.23CAD/monthin Montreal, QC

Before Taxes:

252.23 CAD/month
116.41 CAD/bi-weekly
58.21 CAD/week
3,026.76 CAD/year

Incl. Québec Taxes (14.98%):

290.01 CAD/month
133.85 CAD/bi-weekly
66.93 CAD/week
3,480.17 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: 908 CAD

compared to leasing a BRAND NEW:

Honda Civic LX CVT 2WD
for 48 months
in QC
$0 down payment
20,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	320
This Contract (CAD/month)	252
Monthly Difference	68 CAD/month
Remaining Term	x 6 months
Total Monthly Difference	= 408 CAD
+ Cash Incentive** (CAD)	+ 500
Total Savings (CAD)	= 908
	** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 10,439 CAD

Total Vehicle Debt: 24,560 CAD
Paid so Far: 13,620 CAD (55% Paid)
Remaining Lease Payments: 1,513 CAD
Residual Value: 9,426 CAD
Cash Incentive: 500 CAD

Vehicle Debt & Value

Paid so far: 13,620 CAD Total Vehicle Value: 24,560 CAD

55% Paid

45%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 1,513 CAD

Term Paid so Far: 13,620 CAD Residual Value: 9,426 CAD

55%

39%

Cost to Own

Already Paid: 13,620 CAD (55%)

Cash Incentive: 500 CAD Buyout Price Today: 10,439 CAD

55% Paid

43%

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: 10,439 CAD

4.9%Interest Rate x 48 months
240 CAD/month + tax
Total Payable: 11,517 CAD
Total Interest: 1,078 CAD

8.9%Interest Rate x 48 months
259 CAD/month + tax
Total Payable: 12,446 CAD
Total Interest: 2,006 CAD

14.9%Interest Rate x 48 months
290 CAD/month + tax
Total Payable: 13,920 CAD
Total Interest: 3,481 CAD

At the end of the Lease Contract

Residual Value: 9,426 CAD (in 6 months)

4.9%Interest Rate x 48 months
217 CAD/month + tax
Total Payable: 10,399 CAD
Total Interest: 973 CAD

8.9%Interest Rate x 48 months
234 CAD/month + tax
Total Payable: 11,238 CAD
Total Interest: 1,812 CAD

14.9%Interest Rate x 48 months
262 CAD/month + tax
Total Payable: 12,569 CAD
Total Interest: 3,143 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)