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: 1,036 ~ 1,936 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 2 months
Total Monthly Difference	= 236 CAD
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 1,036 ~ 1,936

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 14,880 CAD

Total Vehicle Debt: 36,620 CAD
Paid so Far: 21,740 CAD (59% Paid)
Remaining Lease Payments: 880 CAD
Residual Value: 14,000 CAD
Cash Incentive: 0 CAD

Vehicle Debt & Value

Paid so far: 21,740 CAD Total Vehicle Value: 36,620 CAD

59% Paid

41%

Vehicle Debt Breakdown

Downpayment: 1,500 CAD Remaining Term: 880 CAD

Term Paid so Far: 20,240 CAD Residual Value: 14,000 CAD

55%

39%

Cost to Own

Already Paid: 21,740 CAD (59%)

Cash Incentive: 0 CAD Buyout Price Today: 14,880 CAD

59% Paid

41%

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: 14,880 CAD

4.9%Interest Rate x 48 months
342 CAD/month + tax
Total Payable: 16,416 CAD
Total Interest: 1,536 CAD

8.9%Interest Rate x 48 months
370 CAD/month + tax
Total Payable: 17,740 CAD
Total Interest: 2,860 CAD

14.9%Interest Rate x 48 months
413 CAD/month + tax
Total Payable: 19,842 CAD
Total Interest: 4,962 CAD

At the end of the Lease Contract

Residual Value: 14,000 CAD (in 2 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)