Frequently asked questions about car leasing

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Frequently asked questions about car leasing

A good way to research information about vehicle leasing is to search for frequently asked questions. At Pfaff Leasing, we can answer all of your questions when it comes to commercial leasing, exotic car leasing, and luxury car leasing. With leasing facilities in Calgary, Vancouver, and Toronto, our customers can take advantage of our vast network of connections to find the vehicles they are looking for. In this article by Pfaff Leasing, we share some frequently asked questions about car leasing for your research! 

Click here to browse through our inventory of vehicles for lease at Pfaff Leasing. 

Is it better to buy or lease a car?

The short answer to this question is: ‘it depends. If you drive a lot of kilometers annually and like to keep your vehicles for longer than three years, leasing won’t be very beneficial for you. However, if you look forward to getting a new car, truck, or SUV every two to three years and have no interest in the trade-in/selling process of your current vehicle, you could be a prime candidate for an automotive lease.

Is maintenance included with my car lease?

One of the more popular benefits of leasing a car is the maintenance provisions available in most lease agreements. Specifics may vary within individual lease contracts, but almost all leases will cover your leased vehicle’s normal maintenance and service needs. These include fluid and filter changes, normal tune-ups, and regularly scheduled maintenance typically do not cost the lessee anything out of pocket.

Can I buy the leased vehicle?

Most auto leasing contracts have buy-out clauses in them in the event that you fall in love with your vehicle and would like to buy it. Keep in mind the purchase price of the vehicle may vary. This depends on the residual value of the vehicle after the lease agreement has expired. There are options to purchase your leased vehicle prior to the completion of the contract.

Is leasing a car a good idea?

The benefits of leasing a car are unique. You cannot get them with other auto financing offers. Benefits like not having to trade or sell an old car or truck, lower payments, and maintenance provisions. Some of these benefits are reason enough for people to opt for leasing as opposed to buying or financing.

To learn more about leasing a vehicle with Pfaff Leasing, we encourage you to get in touch with our team today. Click here to find our contact information or speak with a representative.