Honda Lease Takeover in Toronto, ON: 2022 Honda Civic LX Automatique 2WD ID:#38009 • LeaseCosts Canada

Payment Analysis

459.18CAD/monthin Toronto, ON

Before Taxes:

459.18 CAD/month
211.93 CAD/bi-weekly
105.96 CAD/week
5,510.16 CAD/year

Incl. Ontario Taxes (13%):

518.87 CAD/month
239.48 CAD/bi-weekly
119.74 CAD/week
6,226.48 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: 6,160 ~ 7,460 CAD

compared to leasing a BRAND NEW:

Honda Civic LX Automatic 2WD Honda Plus
for 42 months
in Ontario
$0 down payment
24,000 km/year

Savings Breakdown:
Leasing New (CAD/month)	464
This Contract (CAD/month)	459
Monthly Difference	5 CAD/month
Remaining Term	x 12 months
Total Monthly Difference	= 60 CAD
+ Cash Incentive** (CAD)	+ 4,500
+ Winter Tires Cost (CAD)	+ 800 ~ 1,200
+ Wear & Tear Coverage (CAD)	+ 800 ~ 1,700
Total Savings (CAD)	= 6,160 ~ 7,460
	** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 13,487 CAD

Total Vehicle Debt: 34,518 CAD
Paid so Far: 16,530 CAD (47% Paid)
Remaining Lease Payments: 5,510 CAD
Residual Value: 12,477 CAD
Cash Incentive: 4,500 CAD

Vehicle Debt & Value

Paid so far: 16,530 CAD Total Vehicle Value: 34,518 CAD

47% Paid

53%

Vehicle Debt Breakdown

Downpayment: 0 CAD Remaining Term: 5,510 CAD

Term Paid so Far: 16,530 CAD Residual Value: 12,477 CAD

47%

16%

37%

Cost to Own

Already Paid: 16,530 CAD (47%)

Cash Incentive: 4,500 CAD Buyout Price Today: 13,487 CAD

47% Paid

13%

40%

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: 13,487 CAD

4.9%Interest Rate x 48 months
310 CAD/month + tax
Total Payable: 14,880 CAD
Total Interest: 1,392 CAD

8.9%Interest Rate x 48 months
335 CAD/month + tax
Total Payable: 16,080 CAD
Total Interest: 2,592 CAD

14.9%Interest Rate x 48 months
375 CAD/month + tax
Total Payable: 17,985 CAD
Total Interest: 4,497 CAD

At the end of the Lease Contract

Residual Value: 12,477 CAD (in 12 months)

4.9%Interest Rate x 48 months
287 CAD/month + tax
Total Payable: 13,765 CAD
Total Interest: 1,288 CAD

8.9%Interest Rate x 48 months
310 CAD/month + tax
Total Payable: 14,875 CAD
Total Interest: 2,398 CAD

14.9%Interest Rate x 48 months
347 CAD/month + tax
Total Payable: 16,638 CAD
Total Interest: 4,160 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)