Payment Analysis

248.00CAD/monthin Welland, ON
    Before Taxes:
  • 248.00 CAD/month
  • 114.46 CAD/bi-weekly
  • 57.23 CAD/week
  • 2,976.00 CAD/year
Incl. Ontario Taxes (13%):
  • 280.24 CAD/month
  • 129.34 CAD/bi-weekly
  • 64.67 CAD/week
  • 3,362.88 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: 240 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Sedan LX CVT 2WD
  • for 60 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 264
This Contract (CAD/month) 248
Monthly Difference 16 CAD/month
Remaining Term x 15 months
Total Monthly Difference = 240 CAD
Total Savings (CAD) = 240

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 13,080 CAD
  • Total Vehicle Debt: 24,240 CAD
  • Paid so Far: 11,160 CAD (46% Paid)
  • Remaining Lease Payments: 3,720 CAD
  • Residual Value: 9,360 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 11,160 CAD Total Vehicle Value: 24,240 CAD
46% Paid
54%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 3,720 CAD
Term Paid so Far: 11,160 CAD Residual Value: 9,360 CAD
0%
46%
15%
39%
Cost to Own
Already Paid: 11,160 CAD (46%)
Cash Incentive: 0 CAD Buyout Price Today: 13,080 CAD
46% Paid
0%
54%
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: 13,080 CAD

  • 4.9%Interest Rate x 48 months
  • 301 CAD/month + tax
  • Total Payable: 14,430 CAD
  • Total Interest: 1,350 CAD
  • 8.9%Interest Rate x 48 months
  • 325 CAD/month + tax
  • Total Payable: 15,594 CAD
  • Total Interest: 2,514 CAD
  • 14.9%Interest Rate x 48 months
  • 363 CAD/month + tax
  • Total Payable: 17,441 CAD
  • Total Interest: 4,361 CAD

At the end of the Lease Contract

Residual Value: 9,360 CAD (in 15 months)

  • 4.9%Interest Rate x 48 months
  • 215 CAD/month + tax
  • Total Payable: 10,326 CAD
  • Total Interest: 966 CAD
  • 8.9%Interest Rate x 48 months
  • 232 CAD/month + tax
  • Total Payable: 11,159 CAD
  • Total Interest: 1,799 CAD
  • 14.9%Interest Rate x 48 months
  • 260 CAD/month + tax
  • Total Payable: 12,481 CAD
  • Total Interest: 3,121 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)
3.72
  • + tax
  • + fuel
  • + insurance
(or 0.04CAD per km)
  • 14.88CAD/100km (Original Contract back in Jul, 2021)
Time Analysis
Cost per day: (CAD)
8.15
  • + tax
  • + insurance
  • + km driven & fuel
(0.22CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,538.31
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Jul, 2021)

Seller Contact Info

This Contract was Already Transferred.

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Elantra N Automatique 2WD

Payment Details
  • Current Payment: 490 CAD/month + tax
  • Original Downpayment: 3,000 CAD
  • Residual Value: 26,926 CAD
  • Months to End: 17 months (Sep, 2026)
Vehicle Status
  • Contract Allowance: 16,000 km/year
  • Current Odometer: 11,000 km total
  • Available Now: 26,118 km/year (2,176 per month)
  • Excess Km Cost: 0.12 CAD/km
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