Please ask us for details: 416.623.4269
Ask us for details: 416.623.4269
2022 BMW X5 xDrive40i, Bremner Boulevard, Toronto
Review your options with us, and we can show you the difference.
Leasing is more customized and user-friendly than ever before. At Toronto Auto Leasing, we've designed a lease explicitly for luxury vehicle buyers that enables them to drive more car for their money and end their lease at any time without the penalties normally associated with early termination.
We assign a lease-end residual value for the car, and while the lease is in place, the lessee makes payments based on the difference between the amount financed and that residual.
When the lease expires, the owner has four options:
That’s the beauty of a Toronto Auto Lease. Our Early Termination Program allows an owner who wants to end their lease early to pay the balance owed, calculated based on a simple formula.
Lessees can exchange vehicles at any time by paying out one lease with the help of the lessor and initiating another lease on a different vehicle. There are no penalties per se, but at any time, the lessee is responsible to payout the Lease Amount Owing. In reality, this is no different than if a client has a finance contract.
Sales tax on a purchased or financed vehicle is due immediately. With a lease, tax is based on the monthly payment schedule. This provides the car owner the use of that money over the term of the lease. More significantly, if the car is leased under a business name, not necessarily a corporate entity, pre-tax dollars may be used to pay for the lease.
Many of our leasing clients use their cars for business purposes. A BMW certainly impresses prospects and customers. Because automobiles play an essential role in our culture, a vehicle from the Toronto Auto Leasing selection can surely set a standard. It does not suggest that the lessee can “write off” the entire lease rate but can expense the legal limit allowed by CRA.
We do not think leasing makes sense for every situation. We do recommend all financing options be considered as leasing can be an extremely viable option.
Contact any one of our lease consultants and ask them to explain what Toronto Auto Leasing can offer.
Ask us for details: 416.623.4269
by arango