WHY LEASE?

Most people are familiar with financing, but leasing can seem confusing.
Below is a short video from GM Financial that walks through leasing basics.
- A QUICK COMPARISION BETWEEN FINANCE AND LEASE. -
LEASE


OWNERSHIP

At the end of your lease, you can purchase the vehicle, trade it or turn it in.

DOWN PAYMENT

Based on the lease structure, your down payment may be less than buying.

MILEAGE LIMITS

Charges may be applied if total kilometres exceed the allowable mileage in your agreement.

MAINTENANCE & WEAR

You cannot modify your vehicle and are required to service the vehicle per your lease term.

MONTHLY PAYMENT

Your payments may be lower than purchasing.
FINANCE

OWNERSHIP

When purchasing a vehicle, it is titled in your name and you own the vehicle free and clear at the end of your agreement.

DOWN PAYMENT

In some cases, the down payment amount needed may be higher than leasing.

MILEAGE LIMITS

There are no contractual mileage limits, but the value of a vehicle declines with more mileage.

MAINTENANCE & WEAR

You are free to modify your vehicle and have the option to choose which repairs to make subject to the terms of your agreement.

MONTHLY PAYMENT

Your payments may be higher than leasing.


- HERE'S A QUICK SUMMARY OF THE VIDEO. -


  • Pay for What You Drive - You only pay for the portion of the vehicle you use over the term of the lease.
  • Lower Down Payments - Down payments are lower, depending on the contract and the monthly payment you want.
  • Lower Payments - Monthly payments may be lower than purchasing the same vehicle.
  • Newer, Sooner - Drive a new vehicle every two to four years with all the new tech and design updates.
  • Lease Luxury - For the same monthly payments as buying, you may be able to lease a luxury vehicle.
  • Warranty Worriless - Many lease terms are the same length as the manufacturer's warranty.
  • Pay Less Tax - Don't pay sales tax on the entire value of a vehicle! Only on the portion that you use.
  • Pay-off Protection - If your vehicle is a total loss or stolen, gap coverage helps, in most cases, pay off your vehicle when insurance doesn't cover the full loss.
  • Option to Buy - Love your lease? At the end of your lease you have the option to buy!