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 drives, as well as the most appropriate lease terms for your financial needs. Learn more about common car lease agreements below.

Most Common Canada Car Lease Terms

Research suggests that the most common lease term in Canada is 48 months. In fact, nearly 50% of all lessees choose this option. 25% of lessees opt for a 60-month contract, making it the second most popular Canada car lease term. The third most common car lease agreements don’t fit into traditional lease term categories but are nonetheless popular, accounting for 15% of all leases. 36 months, 39 months, and 24 months are the least common Canada car lease terms, in that order.

Most Popular Leased Brands

From luxury brands to economy makes, most major automakers are popular with lessees from Woodbridge and beyond. Let’s take a look at a sampling of frequently leased brands and their most common lease terms in Canada:

• 60 months is the most popular lease term for Honda, Hyundai, Kia, Nissan, and Toyota vehicles.
• 48 months is most common for Dodge, Ford, GMC, Jeep, Mazda, Mitsubishi, Volkswagen, and Subaru vehicles.
• Lease terms ranging from 36 to 48 months are often selected for upscale brands like BMW and Mercedes-Benz; up to 82% of luxury vehicle lessees opt for these lease terms.
• 24 months is the most common lease term in Canada for Jaguar vehicles.

Learn More About Common Car Lease Agreements at Pfaff Leasing

Let Pfaff Leasing customize a lease term that fits comfortably within your budget. Contact us to schedule an appointment or visit us in Woodbridge today. We specialize in luxury, exotic, and commercial vehicle leasing and aim to make the leasing process as easy and stress-free as possible. Trust us to find you your dream vehicle, with lease terms that meet your needs.