Leasing vs. Financing
Learn the Benefits of Leasing a Car vs. Financing a Luxury Car
Why Lease a new car instead of Buying it outright? Is Leasing vs. Financing a car your better option? When you Lease your luxury car with Lexus of Edmonton there is little or no money down, no hidden costs, and you avoid paying the GST on your purchase up front. Unlike luxury car Financing, you don't need to Finance the entire capital cost of your vehicle, which leaves you with more cash on hand. Visit our leasing page for more information.
There are some key factors to consider before you decide to Lease vs. Buy a new car:
| What is most important to you... | Leasing | Buying |
|---|---|---|
| Lower monthly payments | Yes | |
| Lower up-front costs | Yes | |
| Vehicle ownership | Yes | |
| More "car" for your monthly payment | Yes | |
| Driving your vehicle for many years | Yes | |
| A new vehicle more often | Yes | |
| No restrictions on Kms | Yes | |
| Less resale or trade-in hassles | Yes | |
| No wear and tear restrictions | Yes | |
| The freedom to alter the vehicle's appearance | Yes |
| Let's see how the numbers work: | Leasing | Buying |
|---|---|---|
| Price | $45,000 | $45,000 |
| Taxes | n/a | $6,300 |
| Balance to Finance | $45,000 | $51,750 |
| Lease End Value | $20,000 | n/a |
| Term | 48 | 48 |
| Base Payment | $794.11 | $1,312.51 |
| Taxes | $111.18 | n/a |
| Total Payment | $913.23 | $1,312.51 |
| Monthly Savings | $399.28 | n/a |
