Lower Payments

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Leasing is a great way to get into the Toyota of your choice. Toyota Financial Services (TFS) remains committed to helping you to do just that. Here's just a few of the benefits and advantages that leasing with TFS delivers.

Lower Rates, Lower Taxes With a lease, you only pay for the portion of the vehicle that you actually use - so monthly payments are lower than for a loan for the same car and term. In addition, leasing rarely requires a down payment. And, you don't pay an upfront tax on the entire value of the vehicle - just on the monthly payment.

More Car, More Often

A lower monthly payment often means that you can get 'more car' for your money. In fact, many customers find they can lease a new vehicle for less than the finance payment on a used vehicle! And TFS can structure the lease to suit your trade cycle - so that you can drive 'new' more often.

Less Maintenance, More Protection

If you lease for a term that coincides with the length of the manufacturer's warranty, repairs will always be covered. In addition, leases automatically include Gap Protection - where, if your vehicle is damaged beyond repair, TFS will cover the difference between what you owe on the lease and the amount of your insurance settlement.

More Kilometres

24,000 kilometres per year are included in your lease; and, you can buy additional kilometres up-front at a reduced rate. In addition, the trouble and expense of selling a used vehicle are eliminated. TFS assumes responsibility if you choose not to buy - and there's no acquisition or disposal fees if you return the vehicle within the lease terms.res, Fewer Hassles

Options not Obligations

At the end of your lease, you have the option to purchase the vehicle at the Lease End Value indicated in your contract; return the vehicle as provided in the lease; lease or finance another Toyota vehicle. It's your choice.

Competitive Rates, Flexible Terms

TFS offers competitive rates and flexible terms - all set out in plain language in a closed-end lease that discloses all details and guarantees the lease-end value of your chosen vehicle. TFS also offers convenient financing and great rates should you choose to purchase the vehicle at the end of your lease.

Low Kilometre Leasing Option

With the Low Kilometre Leasing option you can take advantage of a lower lease payment if you drive up to 20,000 kilometres per year. See your Toyota Dealer for details.  

Finance vs. Lease

How can we help you with financing your next car? It can be confusing, but doesn't have to be. Your auto finance choices are broader than ever, with various terms, great rates and leasing options.

When you buy, you pay for the entire cost of a vehicle, regardless of how many miles you drive it or how long you keep it. Monthly payments are higher than for leasing. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company based on your credit score. You make your first payment a month after you sign your contract. Later, you may decide to sell or trade the vehicle for its depreciated resale or trade value.

When you lease, you pay only a portion of a vehicle's cost, which is the part that you "use up" during the time you're driving it. Leasing is a form of financing and is not the same as renting. You have the option of not making a down payment, you pay sales tax only on your monthly payments and you pay a financial rate. You make your first payment at the time you sign your contract for the month ahead. At lease-end, you may either return the vehicle, or purchase it for its depreciated resale value. 

Lease-versus-Buy Example

As an example, if you LEASE a $20,000 car that will have, say, an estimated resale value of $13,000 after 24 months, you only pay for the $7000 difference (this is called depreciation), plus finance charges, plus possible fees. You return the car at lease-end, or buy it to own it.

When you BUY, you pay the entire $20,000, plus finance charges, plus possible fees. You own the car at the end of your loan, although its value is less than the $20,000 you initially paid.