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.
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.
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.
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.
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
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.
1897 EGLINTON AVE E
TORONTO, ON M1L 2L6