Payment Analysis

356.00CAD/monthin Guelph, ON
    Before Taxes:
  • 356.00 CAD/month
  • 164.31 CAD/bi-weekly
  • 82.15 CAD/week
  • 4,272.00 CAD/year
Incl. Ontario Taxes (13%):
  • 402.28 CAD/month
  • 185.67 CAD/bi-weekly
  • 92.83 CAD/week
  • 4,827.36 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: 4,840 ~ 6,140 CAD

compared to leasing a BRAND NEW:

  • Honda Civic Coupe Touring
  • for 36 months
  • in Ontario
  • $0 down payment
  • 24,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 447
This Contract (CAD/month) 356
Monthly Difference 90 CAD/month
Remaining Term x 36 months
Total Monthly Difference = 3,240 CAD
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 4,840 ~ 6,140

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 23,816 CAD
  • Total Vehicle Debt: 28,088 CAD
  • Paid so Far: 4,272 CAD (15% Paid)
  • Remaining Lease Payments: 12,816 CAD
  • Residual Value: 11,000 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 4,272 CAD Total Vehicle Value: 28,088 CAD
15% Paid
85%
Vehicle Debt Breakdown
Downpayment: 0 CAD Remaining Term: 12,816 CAD
Term Paid so Far: 4,272 CAD Residual Value: 11,000 CAD
0%
15%
45%
40%
Cost to Own
Already Paid: 4,272 CAD (15%)
Cash Incentive: 0 CAD Buyout Price Today: 23,816 CAD
15% Paid
0%
85%
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: 23,816 CAD

  • 4.9%Interest Rate x 48 months
  • 547 CAD/month + tax
  • Total Payable: 26,275 CAD
  • Total Interest: 2,459 CAD
  • 8.9%Interest Rate x 48 months
  • 592 CAD/month + tax
  • Total Payable: 28,394 CAD
  • Total Interest: 4,578 CAD
  • 14.9%Interest Rate x 48 months
  • 662 CAD/month + tax
  • Total Payable: 31,757 CAD
  • Total Interest: 7,941 CAD

At the end of the Lease Contract

Residual Value: 11,000 CAD (in 36 months)

  • 4.9%Interest Rate x 48 months
  • 253 CAD/month + tax
  • Total Payable: 12,136 CAD
  • Total Interest: 1,136 CAD
  • 8.9%Interest Rate x 48 months
  • 273 CAD/month + tax
  • Total Payable: 13,114 CAD
  • Total Interest: 2,114 CAD
  • 14.9%Interest Rate x 48 months
  • 306 CAD/month + tax
  • Total Payable: 14,668 CAD
  • Total Interest: 3,668 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)

Distance Analysis
Cost to drive 100km: (CAD)
14.08
  • + tax
  • + fuel
  • + insurance
(or 0.14CAD per km)
  • 17.80CAD/100km (Original Contract back in Jan, 2018)
Time Analysis
Cost per day: (CAD)
11.70
  • + tax
  • + insurance
  • + km driven & fuel
(0.09CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
583.33
  • km/week
  • without any
  • additional costs
Excess km cost: Not Provided
  • 461.54km/week (Contract Original back in Jan, 2018)

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