Finance or Leasing

To finance or to lease?

Depending on your personal preference & driving habits either option could work for you. In order to make an informed decision you should consider the following factors:

Please note: pricing and payments/interest rates in the video are not accurate. Please contact us for current rates and pricing.
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Finance Leasing
Ownership  Once you have financed the vehicle you own it.
You do not own the vehicle until you complete the buy back at the end of the lease.



You pay for the entire cost of the vehicle. You typically make a down payment, pay sales taxes in cash or roll them into your loan. You also pay an interest rate determined by your loan based on your credit score. Your first payment is made a month after you sign your contract.



You pay only the portion of the vehicle's cost that you "use up" during the time you're driving it. You make your first payment at the time you sign your contract for the month ahead. Monthly payments may be lower than if you decide to finance your vehicle.
 Kilometers  You can put as many kilometres on the vehicle as you want/need. You have no obligations for additional mileage.
 Your lease agreement will outline the maximum number of kilometres the vehicle can be driven. An extra charge will apply for any kilometres over the set amount. However, you have to option to negotiate an additional limit upfront for additional costs.

 Wear & Tear  Cracks, dents & scratches, oh my! It is your prerogative to fix any vehicle damage that occurs.


With the purchase of a Wear & Tear Plan you may be protected from unexpected charges that might occur at the end of your lease due to vehicle damage that exceeds normal, everyday wear. 


 GAP Protection
 Option available with financing. GAP Protection pays the difference between the insurance settlement and loan balance if your vehicle is a total loss.

Does not apply to leasing 
 End of Term  It is your decision to keep, sell or trade the vehicle for its depreciated resale or trade value.
 You can either return the vehicle or purchase it for its depreciated resale value.



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