Honda Lease Takeover in Brampton, ON: 2020 Honda Accord Touring Automatique 2WD ID:#30263 • LeaseCosts Canada

Payment Analysis

440.00CAD/monthin Brampton, ON

Before Taxes:

440.00 CAD/month
203.08 CAD/bi-weekly
101.54 CAD/week
5,280.00 CAD/year

Incl. Ontario Taxes (13%):

497.20 CAD/month
229.48 CAD/bi-weekly
114.74 CAD/week
5,966.40 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: 1,154 ~ 2,054 CAD

compared to leasing a BRAND NEW:

Honda Accord Sedan TOURING 2WD
for 42 months
in Ontario
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	558
This Contract (CAD/month)	440
Monthly Difference	118 CAD/month
Remaining Term	x 3 months
Total Monthly Difference	= 354 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 1,154 ~ 2,054

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 15,320 CAD

Total Vehicle Debt: 36,620 CAD
Paid so Far: 21,300 CAD (58% Paid)
Remaining Lease Payments: 1,320 CAD
Residual Value: 14,000 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 21,300 CAD Total Vehicle Value: 36,620 CAD

58% Paid

42%

Vehicle Debt Breakdown

Downpayment: 1,500 CAD Remaining Term: 1,320 CAD

Term Paid so Far: 19,800 CAD Residual Value: 14,000 CAD

54%

39%

Cost to Own

Already Paid: 21,300 CAD (58%)

Cash Incentive: 0 CAD Buyout Price Today: 15,320 CAD

58% Paid

42%

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: 15,320 CAD

4.9%Interest Rate x 48 months
352 CAD/month + tax
Total Payable: 16,902 CAD
Total Interest: 1,582 CAD

8.9%Interest Rate x 48 months
381 CAD/month + tax
Total Payable: 18,265 CAD
Total Interest: 2,945 CAD

14.9%Interest Rate x 48 months
426 CAD/month + tax
Total Payable: 20,428 CAD
Total Interest: 5,108 CAD

At the end of the Lease Contract

Residual Value: 14,000 CAD (in 3 months)

4.9%Interest Rate x 48 months
322 CAD/month + tax
Total Payable: 15,445 CAD
Total Interest: 1,445 CAD

8.9%Interest Rate x 48 months
348 CAD/month + tax
Total Payable: 16,691 CAD
Total Interest: 2,691 CAD

14.9%Interest Rate x 48 months
389 CAD/month + tax
Total Payable: 18,668 CAD
Total Interest: 4,668 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)