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 more detail below, and when you are ready to start the search for your ideal vehicle, visit our website.

Can You Get a One-Year Car Lease in Canada?

The average car lease terms range from two to four years. In many cases, a short-term lease is considered to be a two-year commitment. However, sometimes you can get a one-year car lease in Canada; it all depends on the dealership or leasing company you work with.

If your provider agrees to a one-year car lease, remember these critical factors:

• Higher Monthly Payments – With a one-year car lease, your monthly payments will almost certainly be significantly higher than a longer-term lease because of vehicle depreciation. That said, you may be able to minimize high depreciation costs and lower your monthly payments by leasing a used vehicle.
• Fees – Some leasing companies that offer one-year car leases charge fees for this atypical service, so be sure you understand any additional charges you might incur.
• Restrictions – As with any leased vehicle, there will be restrictions on mileage and modifications. Because you are leasing the vehicle for a shorter duration, these restrictions may be different. Check your leasing contract carefully.

While these are crucial things to be aware of, a one-year car lease also comes with some advantages. You can trade in your leased vehicle for a newer model sooner, ensuring that you have all the latest technology for the most up-to-date Toronto or Calgary driving experience. Also, your commitment is shorter, so if you only need the vehicle for a defined period of time, you do not have to worry about a long-term contract.

Contact Us for More Information

Ready to learn more about one-year car leases? Contact us to explore this option in more depth. At Pfaff Leasing, we help drivers from Woodbridge to Woodbridge and beyond lease the vehicles of their dreams.