Payment Analysis

289.00CAD/monthin Collingwood, ON
    Before Taxes:
  • 289.00 CAD/month
  • 133.38 CAD/bi-weekly
  • 66.69 CAD/week
  • 3,468.00 CAD/year
Incl. Ontario Taxes (13%):
  • 326.57 CAD/month
  • 150.72 CAD/bi-weekly
  • 75.36 CAD/week
  • 3,918.84 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: 2,376 CAD

compared to leasing a BRAND NEW:

  • Honda Civic SE
  • for 32 months
  • in Ontario
  • $0 down payment
  • 20,000 km/year
Savings Breakdown:
Leasing New (CAD/month) 377
This Contract (CAD/month) 289
Monthly Difference 88 CAD/month
Remaining Term x 27 months
Total Monthly Difference = 2,376 CAD
Total Savings (CAD) = 2,376

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 18,373 CAD
  • Total Vehicle Debt: 24,846 CAD
  • Paid so Far: 6,473 CAD (26% Paid)
  • Remaining Lease Payments: 7,803 CAD
  • Residual Value: 10,570 CAD
  • Cash Incentive: 0 CAD
Vehicle Debt & Value
Paid so far: 6,473 CAD Total Vehicle Value: 24,846 CAD
26% Paid
74%
Vehicle Debt Breakdown
Downpayment: 404 CAD Remaining Term: 7,803 CAD
Term Paid so Far: 6,069 CAD Residual Value: 10,570 CAD
1%
25%
31%
43%
Cost to Own
Already Paid: 6,473 CAD (26%)
Cash Incentive: 0 CAD Buyout Price Today: 18,373 CAD
26% Paid
0%
74%
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: 18,373 CAD

  • 4.9%Interest Rate x 48 months
  • 422 CAD/month + tax
  • Total Payable: 20,270 CAD
  • Total Interest: 1,897 CAD
  • 8.9%Interest Rate x 48 months
  • 456 CAD/month + tax
  • Total Payable: 21,904 CAD
  • Total Interest: 3,531 CAD
  • 14.9%Interest Rate x 48 months
  • 510 CAD/month + tax
  • Total Payable: 24,499 CAD
  • Total Interest: 6,126 CAD

At the end of the Lease Contract

Residual Value: 10,570 CAD (in 27 months)

  • 4.9%Interest Rate x 48 months
  • 243 CAD/month + tax
  • Total Payable: 11,661 CAD
  • Total Interest: 1,091 CAD
  • 8.9%Interest Rate x 48 months
  • 263 CAD/month + tax
  • Total Payable: 12,602 CAD
  • Total Interest: 2,032 CAD
  • 14.9%Interest Rate x 48 months
  • 294 CAD/month + tax
  • Total Payable: 14,095 CAD
  • Total Interest: 3,525 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)
10.40
  • + tax
  • + fuel
  • + insurance
(or 0.10CAD per km)
  • 17.34CAD/100km (Original Contract back in Aug, 2018)
Time Analysis
Cost per day: (CAD)
9.50
  • + tax
  • + insurance
  • + km driven & fuel
(0.12CAD savings per every 100CAD of incentive)
Remaining Km
Can be driven up to:
641.03
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD
  • 384.62km/week (Contract Original back in Aug, 2018)

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