What is Leasing? Monthly payments are made for the use of a vehicle over a specified period of time. The monthly payments cover the vehicle’s depreciation over the term of the lease – this allows for a low monthly payment compared to financing. At the end of the lease, you have the option to return the vehicle or purchase the vehicle.

Lease calculations are based on a maximum driving allowance of 16,000 km, 20,000 km or 24,000 km per year, depending on selection made. Higher kilometer allowances are available. Please contact us for further details

Lease End Value, which also reflects the price at which you may purchase the vehicle at the end of the Term of your lease, is an estimate of the fair market value of the vehicle at the end of the Term. A Dealer Lease End Option Fee may apply.

 

What is Financing? The bank will pay the selling dealer on your behalf for the purchase of the vehicle; in return you agree to pay back the money borrowed over a specified period of time.

The Term in months is the length of time for which you wish to finance or lease your vehicle. Extending the term may decrease monthly payments. The interest rate available may also depend on the term chosen.

 

Current annual interest rates available for the selected vehicle and Term. Rates are subject to change.

Loan Calculator

Lease Calculator