Is leasing the right choice for me in Toronto?

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Is leasing the right choice for me in Toronto?

When you are thinking of purchasing your first car, you might wonder if it makes more sense financially to buy a car or to lease a car. This is an important decision, but once you understand the terms and conditions involved in both a lease and purchase you can make a comparison to see which makes sense for you. If you are looking for answers about whether leasing is the right choice for you in Toronto, then you have come to the right place. Our representatives at Pfaff Leasing can assist you in your leasing process. We can answer all of your questions and help you find the vehicle you are looking for! In this blog by Pfaff Leasing, we take a look at some of the instances where leasing could be a good option for you.

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If you tend to drive new cars more often…

You tend to always drive new cars and upgrade them after a few years. Leases last a few years and it is very easy to move from one lease to the next seamlessly. And thanks to a pre-set residual value, you never have to worry about having to roll over negative equity on your previous car when you upgrade.

If you are looking for low monthly payments…

You are looking for a low monthly payment or don’t want to have to spend a lot of money up front. Leases come with much lower monthly payment than financing on a similar car, and frequently require much less money up front. If having a low payment is important to your budget or you are not able to raise a large down payment on a short notice, it can be much easier to accommodate your financial needs by leasing your car.

You like the peace of mind of a warranty…

You feel safer when your car is under warranty. It is easy to arrange your lease terms so that your leased cars are covered by the manufacturer’s warranty the entire time. This can provide both peace of mind and an extra financial assurance in case of problems with the vehicle.

You want to try a vehicle before you buy it…

You want to try before you buy. A lease allows you to get a feel for the vehicle over a couple of years, allowing you to make an informed decision as to whether you want to buy it out at the end of the lease, buy a brand new model of the same car, or purchase or lease something else entirely.

These are just a few of the instances where a car lease would be a good option for you. The only person who can make the decision is you, which is why we take great pride in providing a plethora of leasing information! Hopefully this blog by Pfaff Leasing has helped you narrow down your decision about whether leasing is right for you in Toronto! Click here to find our contact information or to speak with a representative today!