Auto Financing & Auto Leasing

It’s important to understand the distinct benefits to auto financing vs auto leasing. How you choose which option is best for you will depend on your driving preferences and your budget. If you enjoy driving a new vehicle with the latest technology then leasing can keep you in a new vehicle every few years.

Or, do you prefer to have the comfort of a car you know and love, and own your vehicle over time? Financing is a great option for folks who want to own their vehicle and make a long-term investment. It’s also important to assess how many kilometres you drive in a year as that is an important factor to consider when deciding between leasing and financing.

Lease vs Finance Checklist

Lease

  • Lower payments
  • Under 20,000 km per year
  • Always drive a new vehicle

Finance

  • Own your vehicle
  • Over 20,000 km per year
  • No car payments when term is done

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Need help deciding?

Our team of product specialists understand the unique considerations that go into a decision around leasing a vehicle or financing a vehicle. If you have questions or want to discuss your your personal situation, our team is happy to help.

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