We Can Lease your Next Pre-Owned Vehicle
Most people consider used car leasing for one reason: low monthly payments. With leasing, your monthly payments can be 30-40% lower than getting a car loan for the same term. You must fill out the form below. Since leasing is often confused with renting, it’s a common misconception that leasing doesn’t require a credit check.
Ask us about Car Leasing for Foreign Students or Vehicle Leasing for New Canadians in Kitchener or Waterloo.
Things to Consider When Leasing a Pre-Owned Vehicle
From a financial perspective, used car leasing limits the amount of tax you pay. That’s because you don’t pay tax on the entire value of the pre-owned vehicle, but just on how much you actually use the vehicle during your lease. What’s more, that tax is spread out and paid along with your monthly lease payment.
Increased cash flow
As an added bonus, you don’t need much of a down payment, if any. That means you can free up cash for other things, including investments that may actually increase in value. It’s an important point, especially when you think about depreciation.
It’s a well-known fact that a vehicle begins to lose value the moment you drive it off the lot. But leasing your used car limits that depreciation to a pre-determined, partial value of the vehicle. And if you invest the money you’ll save by leasing, you’ll be that much further ahead.
More for your money
Because the monthly payment is so low, you’re able to drive a more luxurious model or get additional features.
Easier expense control
A used vehicle has lower maintenance costs. Since the vehicle is usually still under warranty, you probably won’t get surprised by any big bills. If something major goes wrong with the car, it’s probably covered.