Lease VS Finance

More and more people are discovering the advantages of leasing. Whether it's the appeal of lower monthly payments, the desire to drive the latest model every few years or more options on your new vehicle -many drivers are entertaining the possibility of leasing their next car, truck or SUV.*

What Is Leasing?

Leasing is a financing option that allows you to pay for what you actually use. Your monthly payment is based on the estimated depreciation and financing charge for the vehicle you have chosen.

Is leasing right for you?

Leasing may not be for everyone but for many, it's the ideal fit. Compare the options below to see if leasing is right for you

WEIGH YOUR OPTIONS

LEASE

Leasing offers affordable payments with shorter terms

This lets you…

- Consider vehicles with more options

- Choose your desired trade cycle

- Have peace of mind since most terms are within the warranty period

You have options at the end of your lease...

- If the vehicle is worth more than the residual value you can exercise your purchase option and keep it or you can exercise your purchase option and apply the equity to the next vehicle If the vehicle is worth less than the residual value

- Drop off the keys and walk away (subject to any excess kilometers or wear-and-tear charges)

BUY

Conventional loans typically require longer terms to achieve affordable payments

This keeps you…

- From trading into a new vehicle sooner

-Driving the same vehicle longer even when you are ready to trade

Conventional loans have obligations when you trade

- The owner must find a buyer

- The owner assumes all of the risk for unexpected depreciation

- The vehicle’s condition, mileage, and wear and tear will be a factor in assessing the total value of the vehicle

- The owner must satisfy the loan balance regardless of the vehicle value