At Toyota Magog, our consultants take time to explain to you the many ways to acquire a new car to make your life easier. Having a tough time choosing between leasing and financing? If you have all the information you need before your purchase, you’ll save a lot in the long run, depending on your vehicle use. We are here to help you!
You wish to make a credit request for the lease or purchase of your next vehicle? Simply fill our secure online form to get your pre-approval today. That’s the quickest and easiest way to get a car loan and drive off in the car of your dreams!
Fore more information on leasing, financing, graduate rebates, or auto credit, call toll-free at 1 866 601-0647.
Finance or Lease?
The decision to finance or lease a vehicle is often a matter of personal preference. You know that if you finance your vehicle, you own it and can enjoy all the benefits of ownership, but what about leasing? In order to help you decide which is best for you, here are a few things that you should know about leasing.
Leasing Advantages
- Leasing typically provides for lower monthly payments and lower up-front costs than you would pay on a loan for the same vehicle
- When you lease, you only pay tax on the monthly payment. When you finance, you pay taxes on the full purchase price of the vehicle
- Leasing gives you choices at lease end:
- You may purchase the vehicle at the Lease End Value indicated on your contract
- You may return the vehicle as provided in your lease
- You may lease or finance another Toyota vehicle
- Toyota Magog offers convenient financing and great rates should you choose to purchase the vehicle at the end of your lease.
Leasing Disadvantages
- You do not own the vehicle
- You do not build up equity in the vehicle
- Excess kilometre and wear and tear charges may apply
- Lower monthly lease payments may result in higher carrying charges than a loan
Finance Your Toyota
When you park your Toyota in the driveway, you want the satisfaction of owning it and the confidence of knowing that it was made possible through the quality financial services that we provide. Financing from Toyota Magog will make it happen with:
- Competitive rates
- Flexible terms of up to 72 months
- Easy to read contracts that fully disclose all the details you need to know
- Consumer-friendly, simple interest financing
- Full or partial early repayments at any time without penalty
- Convenient, automatic monthly payments through our Direct Payment Plan
Lease Your Toyota
You've crunched the numbers and leasing makes sense for you. Leasing from Toyota Financial Services can make it happen with:
- Competitive rates
- Flexible terms of 24 to 60 months
- A plain language contract that fully discloses the details you need to know
- Consumer friendly, closed-end leases that guarantee the lease end value of the vehicle as provided in the lease
- 24,000 kilometres per year included in your lease
- Additional kilometres may be purchased up front at a reduced rate
- No acquisition or disposal fees if you return the car within the terms of your lease
- Gap Protection that covers you and your family should your vehicle be declared a total loss
- Lease end options:
- You may purchase your vehicle at the lease end value indicated on your contract
- You may return the vehicle as provided in your lease
- You may lease or finance another Toyota vehicle
- Toyota Magog offers convenient financing and great rates should you choose to purchase your vehicle at the end of your lease
Graduate Program
Getting started is always tough, that's why Toyota Magog has a Graduate Program designed to help you when you need it most. Toyota Magog will put you behind the wheel:
- Even if you have no credit history
- With a special rate reduction on a new or Toyota Certified Used vehicle
- With a waiver of the security deposit on all leases
- A Graduated Payment Plan that allows for lower monthly finance payments during the first year while you get established in the workforce (not available in Quebec)
