WEIGH YOUR OPTIONS
BUY VS LEASE!
LEASE
Leasing offers affordable payments with shorter terms
This lets you…
- Consider vehicles with more options
- Choose your desired trade cycle
- Have peace of mind since most terms are within the warranty period
- You have options at the end of you lease
If the vehicle is worth more than the residual value
- Exercise your purchase option and keep it
- Exercise your purchase option and apply the equity to the next vehicle
If the vehicle is worth less than the residual value
- Drop off the keys and walk away (subject to any excess kilometres or wear-and-tear charges)
BUY
Conventional loans typically require longer terms to achieve affordable payments
This keeps you…
- From trading into a new vehicle sooner
- Driving the same vehicle longer even when you are ready to trade
- The owner must find a buyer
- The owner assumes all of the risk for unexpected depreciation
- The vehicle's condition, mileage, and wear and tear will be a factor in assessing the total value of the vehicle
- The owner must satisfy the loan balance regardless of the vehicle value
-
Leggat Chevrolet Buick GMC Limited
360 Rexdale Blvd.
Toronto, ON M9W 1R7
- Sales: (416) 743-1810
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