Pfaff Leasing Blog

Do Leased Cars Come With a Warranty? When you lease a vehicle, you will enjoy a wide range of benefits, including lower monthly payments and the ability to upgrade to a newer model every few years. You may be wondering, however, if leased cars come with a warranty, and the answer is yes, most leased vehicles are covered by a warranty, giving you maximum peace of mind on every...

What to Do If You Damage a Leased Car When your lease term comes to an end, one of the most important decisions you face is whether to return the vehicle or buy it. For many Toronto drivers, this choice carries long-term implications. So, should you purchase your vehicle after leasing?  Understanding the pros and cons of buying a car after a lease will help...

What to Do If You Damage a Leased Car There is no shortage of benefits that come with leasing a car. From lower down payments to more budget-friendly monthly payments to the opportunity to drive a world-class modern vehicle, leasing offers a wealth of advantages. But what do you do if you damage a leased car? Do leased cars have to be serviced at the dealership? Who is responsible...

What Happens If You Total a Leased Car? EXPLORE INVENTORY CONTACT US What Happens If You Total a Leased Car? When you lease a vehicle, you have access to a wide range of benefits that you cannot get when financing or buying, like lower monthly payments, enhanced warranty coverage, and the ability to upgrade to a newer car every few years. But what happens...

Is Leasing a Car Worth It? You may be asking yourself, "Is leasing a car worth it?" The answer can vary depending on your personal and financial circumstances, but leasing offers several benefits that might make it the ideal choice for you. Read on to find out "Is it worth leasing a car?" for your situation! EXPLORE INVENTORY APPLY FOR FINANCING Is It Worth...

Do Car Accidents Affect Lease Agreements? After an accident with a leased vehicle, you will likely want to know if the situation is going to impact your contract with your lease provider. So, do car accidents affect lease agreements? The short answer is yes, especially if the damage is substantial. Remember: the leasing provider is the legal owner of the vehicle, but you have...

Open-Ended Lease vs. Closed-Ended Lease When considering luxury, exotic, or commercial leasing, understanding the nuances of lease structures is essential. Two common options available are open-ended leases and closed-ended leases. Each serves a distinct purpose and is tailored to different user preferences and business goals. So, what is an open-ended lease? What is...

Can You Lease Collector Cars? At Pfaff Leasing, we are proud to offer a comprehensive selection of luxury, exotic, and commercial vehicles for lease. But, you may be wondering, can you lease collector cars from us? The short answer is yes, you absolutely can. Whether you are interested in collector car leasing in Toronto, Calgary, or Vancouver, we will help you find a classic...

Leasing vs. Financing When it comes to purchasing a luxury or exotic vehicle, deciding between leasing vs. financing can be a crucial decision. Should you lease or finance a car? Realistically, both options offer a unique set of advantages and pitfalls. This makes weighing your options regarding leasing vs. financing based on your lifestyle, preferences, and financial situation even...

Is It Cheaper to Buy or Lease a Car? When it comes to acquiring a new vehicle, it's not uncommon to have some questions. Chief among them is this: Is it cheaper to buy or lease a car? Knowing the answer will help you make the best decisions for your budget while ensuring you get the right vehicle for all your drives in Toronto, Calgary, and beyond. So, is it cheaper to buy...

A Guide to Leased Car Insurance Leasing a vehicle comes with a number of benefits you simply cannot get when financing or buying outright. From lower monthly payments to extended warranty coverage to the opportunity to upgrade to a newer model every few years, there is no shortage of reasons to consider leasing your next Toronto or Calgary ride. But if you're new to the world...

What is a Lease Takeover? What is a lease takeover? A lease takeover occurs when one driver assumes the lease of another driver's vehicle before the end of the lease term. This allows the original lessee to get out of the lease early without incurring early termination fees, while the new lessee benefits from taking over the remaining months of the lease--usually with favourable...

How Does Car Leasing Work in Canada? If you are curious about how car leasing works in Canada, you have come to the right place. In general, leasing a car here is much the same as leasing a car in any other part of the world. But there are some important considerations to keep in mind as you navigate the process. To help you make the best decisions for all your driving needs in Toronto,...

Pros & Cons of Leasing a Car If you are in the market for a new Toronto or Calgary ride, you have three options for securing your next vehicle: buying outright, financing, or leasing. At Pfaff Leasing, we believe that leasing is the way to go. With that said, there are some important car leasing advantages and car leasing disadvantages to keep in mind as you determine the...

Recommended Insurance When Leasing Cars Whether you are planning to lease a car for your business or personal use, having the right types of insurance will help protect you, your vehicle, and everyone else on roads from Toronto to Woodbridge and beyond. But what kind of insurance should you get when leasing a car? Liability insurance and uninsured motorist coverage...

Commercial Fleet Leasing Guide Your transportation company needs to stay competitive and commercial fleet leasing companies like Pfaff Leasing can help you with this process. There are many moving parts (figuratively and literally) when it comes to commercial vehicle fleet leasing. That's why it helps to have experts on your side when you decide to expand or upgrade your...

How to Lease a Car With Bad Credit When it comes to purchasing a luxury or exotic vehicle, deciding between leasing vs. financing can be a crucial decision. Should you lease or finance a car? Realistically, both options offer a unique set of advantages and pitfalls. This makes weighing your options regarding leasing vs. financing based on your lifestyle, preferences, and financial...

Can You Claim EV Tax Rebates on Leased Vehicles? When considering whether to buy or lease a vehicle, it's not uncommon to have some questions. As electric vehicles become more and more popular, one of the biggest questions faced by potential buyers and lessees is this: Can you claim EV tax rebates on leased vehicles? The answer is a resounding yes, Canadians who buy or lease zero-emission...

When is the Best Time to Lease a Car? At Pfaff Leasing, any time of year is perfect for leasing a car, thanks to our competitive pricing and regularly updated inventory of vehicles. With that said, are there certain times of the year that are better for vehicle leasing? If so, exactly when is the best time to lease a car? To ensure you find the right car for your lifestyle, budget,...

Is it Better to Lease or Buy a Luxury Car? When it comes to acquiring a premium car from top OEMs like Audi, BMW, and Porsche, the question often arises: Is it better to lease or buy a luxury car? This crucial decision depends on various factors including Toronto driving habits, and personal preferences. Read on with the experts at Pfaff Leasing and learn how to lease a luxury car...

Leasing FAQ For drivers who are new to the world of auto leasing, it's not uncommon to have some questions about what the process entails. Fortunately, our team at Pfaff Leasing is comprised of leasing experts who are more than happy to answer all of your questions, ensuring you find the right vehicle for the roads of Toronto, Calgary, and beyond. Below, we answer a few of the most...

Who is Responsible for Maintenance on Leased Cars? If you are considering leasing a car, you are likely wondering what your responsibilities will be as a lessee. After all, you are not the legal owner of the vehicle, so it stands to reason that your obligations are different than an owner's--and, to a certain extent, this is true. But ultimately, who is responsible for maintenance...

What is a Lease Buyout? If your current lease term is coming to an end, you may be wondering about your next step. Lessees who are ready for a new vehicle can return their current one to the dealer once the lease term has ended, but what if you want to purchase the vehicle? Can you buy the car you leased? The short answer is yes, in most cases, you can, typically...

Are Down Payments Required for Car Leases? When you make a lease down payment on a vehicle, you are helping reduce the amount you will owe on your lease, which ensures your next Toronto or Calgary ride fits more comfortably within your budget. But you may be wondering, "Are down payments required for car leases?" Pfaff Leasing answers this question in detail below;...

Can Newcomers Drive in Canada? From Toronto to Woodbridge, from majestic mountains to beautiful beaches to peaceful plains, Canada boasts a stunning landscape that is best seen by car. But if you're new to the country, you may be wondering, "Can newcomers drive in Canada?" If so, what is needed to drive in Canada? Get the answers to these questions and more below, and once you're ready, lease...

Negative Equity & Car Leasing Negative equity can pose a significant financial burden that makes it difficult to buy or lease your next Calgary or Woodbridge ride. But exactly what is negative equity? And can you roll negative equity into a car loan or a new lease agreement? If you owe more on your vehicle than it is currently worth, these are important questions worth asking....

Can You Lease Classic Cars? Perhaps you've always imagined driving in Woodbridge behind the wheel of a Porsche. Maybe the vehicle you want is a BMW, Chevy Corvette, or another classic vehicle. No matter what your classic car preferences involve, Pfaff Leasing has what you need. However, if you don't want to buy right now, you are probably wondering, "Can you lease classic cars?" Yes,...

Can You Get Out of a Car Lease Early? Breaking a car lease is a common scenario with multiple paths. If you're considering terminating your lease early, learn about what to expect. Then, reach out to the Pfaff Leasing dealership you leased your car through for assistance. We have locations in Toronto, Vancouver, and Calgary and are on standby to guide you through...

Should I Buy or Lease a Car? Considering whether to buy or lease a car? If it's been some time since you've navigated the car market in greater Toronto, the distinctions between leasing and buying might be a bit hazy. At Pfaff Leasing, we specialize in leasing and elucidate the advantages of this option to customers like you daily. Below, we'll explore the benefits of leasing vs....

What Happens at the End of a Car Lease? Leasing a vehicle is like a long-term rental. But what happens at the end of a car lease? You don't keep the car; however, you do have some options. Drivers around Toronto and Calgary have expressed interest in learning about their end-of-car lease options. CONTACT US ABOUT US Your End-Of-Car Lease Options At Pfaff Leasing,...

Common Lease Terms in Canada If you're considering the pros and cons of leasing your next vehicle, you're likely wondering about common lease terms in Canada. Canada car lease terms vary, with most ranging from 36 to 60 months. With that said, when you lease from Pfaff Leasing, we will work with you to ensure you find the ideal vehicle for all your Toronto and Calgary...

Can You Modify a Leased Car? When leasing an exotic or luxury car, many Toronto drivers may wonder: can you modify a leased car? The allure of personalizing your ride with cosmetic upgrades or performance enhancements is understandable. However, before you start dreaming up modifications for your leased vehicle, it's crucial to understand the rules and potential consequences if...

How to Lease a Car At Pfaff Leasing, we specialize in providing an exceptional leasing experience tailored to discerning Toronto and Calgary clients who demand the best. Whether you're considering your first lease or you're a seasoned lessee, understanding how to lease a car and "What is leasing a car?" are essential to making an informed decision that aligns with your lifestyle and...

Can You Lease a Used Car? Leasing used cars is possible, but most dealerships don't offer used car leases unless the vehicle is a certified pre-owned model. Take a moment to learn about what certified pre-owned models are and what to expect when leasing one. Then, rest assured that you can lease a used car from Pfaff Leasing. We have locations in Toronto, Calgary, and Vancouver! Leasing...

Leasing Research from Pfaff Leasing Commercial Leasing Luxury or Exotic Leasing If you have ever wondered what details go into leasing, the the team at Pfaff Leasing is here to help. We will have the most up-to-date information, so you know what goes into leasing that will ensure a smooth purchasing experience. Commercial, Luxury, or Exotic vehicle? We'll be happy to shed some light on...

Pfaff Commercial Leasing Your Commercial Auto Leasing Center Welcome to the Pfaff Leasing Commercial Leasing Center! If you operate a commercial fleet, we can source any vehicle you need to help your business in Toronto or the surrounding areas run faster and more efficiently. In Woodbridge, we've built a community of customers and employees who love to own, drive, race, and be inspired by great...

One-Year Car Leases If you are debating whether to lease or finance a vehicle, you may be wondering if you can get a one-year car lease in Canada. While leases of shorter duration are not typical, you may be able to find a provider who is willing to offer a one-year car lease, but there are some important considerations to keep in mind. Pfaff Leasing explains this topic in...

Can Canadians Lease Cars in the USA? Whether you're visiting the States long-term or relocating permanently across the border, you'll likely need a quality vehicle. But can Canadians lease cars in the USA? The answer is a resounding yes, Canadians and other ex-pats can typically lease cars stateside with minimal stress and hassle, as long as they have the appropriate documentation....