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Finance Or Lease?
There are a few things to consider when it comes to leasing or financing your new Toyota. Let’s discuss the benefits of both!
Need to get in touch with us?
FINANCE?
Financing is a great option if you:
Put a lot of mileage on your vehicle
Want to own your vehicle outright
Use your vehicle for commercial purposes
Talk to your dealer about your finance options
FLEXIBLE TERMS
With terms of up to 84 months, your monthly payment can be made smaller with longer terms, or you can make sure you are always behind a new Toyota with shorter ones.
CONSUMER-FRIENDLY, SIMPLE INTEREST FINANCING
Payments are calculated easier with a simple concept. If you pay a day early, you are credited for a day’s interest. If you pay a day late, you pay a day’s interest.
COMPETITIVE RATES
Great value means that Toyota always strives to offer financing rates that go easy on your wallet.
THE VALUE OF FINANCING A QUALITY VEHICLE
Toyota vehicles are world renowned for their longevity. Financing a new Toyota can be a cost effective option for anyone looking to drive their vehicle for a long time!
LEASE?
Leasing is a great option if you:
Want lower monthly payments
Like driving a newer car more often
Would like a short term commitment
Talk to your dealer about your lease options
FLEXIBLE OPTIONS
With available flexible lease-terms from 24-60 months, you can better plan for life’s changing needs. Get in a new vehicle for your new job or expanding family, while staying on top of the latest vehicle safety, fuel efficiency, and user-convenient technologies.
PEACE OF MIND
Toyota protects you from the things you can’t control. Optional with every Lease is the Wear Pass and Wear Pass Plus Plan that protects against unexpected excess wear and tear.
KILOMETRE ALLOWANCE
Choose from 16,000, 20,000 and 24,000km allowances. With the standard 24,000km plan, you have the option of purchasing extra kilometres at a reduced rate up front. If you are not sure, you can buy extra kilometres at lease end at our standard rate.
BENEFITS FOR SMALL BUSINESS OWNERS
Leasing may offer significant tax advantages in Canada to business owners. Check with your tax advisor to see if leasing benefits you. After all, you owe it to yourself to arrive at every meeting in style.
For example: a $30,000 vehicle leased for three years with a residual value of $14,000, means you’re only paying $16,000 over three years. If the residual is $20,000 it means you’re paying only $10,000 over three years (ie. Lower monthly payments)*
What Happens at the End of My Lease?
You have three simple options when your lease term has ended:
1
You may lease or finance another Toyota vehicle
2
You may purchase the vehicle at the Lease End Value indicated on your contract
3
You may return the vehicle as provided in your lease
* This example does not take into account interest rates, taxes, or offers and incentives.
Let's Get Started...
You have explored your options and now there is only one thing left to do. Get in touch a Toyota dealer and let us help you create a financing or leasing plan that is right for you. You can even submit a credit application and get approved for credit online.
Contact Us
Telephone
(905) 513-8200
Toll-free: (800) 661-3062
Hours of Operation:
8:00am-8:00pm Eastern Standard Time
Toyota Credit Canada Inc.
80 Micro Court, Suite 200,
Markham, Ontario, Canada, L3R 9Z5
Attention:
Customer Service Manager