Payment Analysis

255.51CAD/monthin Mississauga, ON
    Before Taxes:
  • 255.51 CAD/month
  • 117.93 CAD/bi-weekly
  • 58.96 CAD/week
  • 3,066.12 CAD/year
Incl. Ontario Taxes (13%):
  • 288.73 CAD/month
  • 133.26 CAD/bi-weekly
  • 66.63 CAD/week
  • 3,464.72 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: 1,056 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Sedan LX
  • for 48 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 343
This Contract (CAD/month) 256
Monthly Difference 88 CAD/month
Remaining Term x 12 months
Total Monthly Difference = 1,056 CAD
Total Savings (CAD) = 1,056

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 12,302 CAD
  • Total Vehicle Debt: 32,699 CAD
  • Paid so Far: 20,397 CAD (62% Paid)
  • Remaining Lease Payments: 3,066 CAD
  • Residual Value: 9,236 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 20,397 CAD Total Vehicle Value: 32,699 CAD
62% Paid
38%
Vehicle Debt Breakdown
Downpayment: 2,000 CAD Remaining Term: 3,066 CAD
Term Paid so Far: 18,397 CAD Residual Value: 9,236 CAD
6%
56%
9%
29%
Cost to Own
Already Paid: 20,397 CAD (62%)
Cash Incentive: 0 CAD Buyout Price Today: 12,302 CAD
62% Paid
0%
38%
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: 12,302 CAD

  • 4.9%Interest Rate x 48 months
  • 283 CAD/month + tax
  • Total Payable: 13,572 CAD
  • Total Interest: 1,270 CAD
  • 8.9%Interest Rate x 48 months
  • 306 CAD/month + tax
  • Total Payable: 14,666 CAD
  • Total Interest: 2,364 CAD
  • 14.9%Interest Rate x 48 months
  • 342 CAD/month + tax
  • Total Payable: 16,404 CAD
  • Total Interest: 4,102 CAD

At the end of the Lease Contract

Residual Value: 9,236 CAD (in 12 months)

  • 4.9%Interest Rate x 48 months
  • 212 CAD/month + tax
  • Total Payable: 10,189 CAD
  • Total Interest: 953 CAD
  • 8.9%Interest Rate x 48 months
  • 229 CAD/month + tax
  • Total Payable: 11,011 CAD
  • Total Interest: 1,775 CAD
  • 14.9%Interest Rate x 48 months
  • 257 CAD/month + tax
  • Total Payable: 12,315 CAD
  • Total Interest: 3,080 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)
3.20
  • + tax
  • + fuel
  • + insurance
(or 0.03CAD per km)
  • 16.51CAD/100km (Original Contract back in Jan, 2019)
Time Analysis
Cost per day: (CAD)
8.40
  • + tax
  • + insurance
  • + km driven & fuel
(0.27CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
1,841.96
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 357.13km/week (Contract Original back in Jan, 2019)

Seller Contact Info

This Contract was Already Transferred.

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