Leasing vs Financing

LEASING FINANCING
Ownership You pay to use the vehicle during the term of the lease and must return it at lease-end unless you choose to purchase the vehicle. You own the vehicle free and clear after your financial obligations are met. It will be yours to keep or trade-in on your next vehicle.
Payment Monthly lease payments may be lower than comparable term monthly finance payments because you are paying for the portion of the vehicle’s value used during the lease term. Bi-weekly payments are available if you prefer a lower payment every two weeks. Monthly loan payments may be higher than comparable term monthly lease payments because you pay for the entire purchase price of the vehicle. Each payment helps build vehicle equity toward future trade-in. A bi-weekly payment schedule is also available if you prefer a lower payment every two weeks.
Customization Customize your vehicle through your Dealer at the beginning of your lease with approved accessories. Customize your vehicle at any time.
Kilometrage You have a variety of kilometrage options to choose from at the beginning of your lease to meet your driving needs. You are responsible for any excess kilometrage charges unless you choose to purchase the vehicle. You may drive as many kilometres as you want. Higher kilometrage will lower the vehicle’s trade-in or resale value.
Wear and Tear A normal amount of wear and tear is covered. You are responsible for wear and tear in excess of normal limits unless you choose to purchase the vehicle. A normal amount of wear and tear is covered. You are responsible for wear and tear in excess of normal limits unless you choose to purchase the vehicle.
End of Term At the end of the lease, you have the flexibility to either purchase your leased vehicle at a predetermined price or return it. At the end of the loan, you own the vehicle. It is yours to keep or trade-in on your next vehicle.