Why You Should Lease A Car In Toronto

By: Quest Automotive   |   05 Jan 2017

If you’re in the market for purchasing a new vehicle, chances are you’re weighing the pros and cons between leasing and financing. Our finance team is here to help guide you and answer any questions you may have. 

Here is an overview of why leasing may be the right choice for you.

Leasing is Popular

An automotive lease means you have a contract between the dealer and yourself where agree to pay a set amount of money over a specific period of time. Once the lease is up, you are no longer responsible for payments on the vehicle, and return the vehicle to us. Unlike financing a vehicle, leasing gives you the flexibility to drive virtually any model you please, for as long as you please until you wish to upgrade to a new one.

Think of it as having no strings attached. There are advantages to be had by both buyers and sellers alike when you choose this route. Leasing a vehicle in Toronto has become increasingly popular. Quest Automotive Leasing has outlined all the leasing FAQs you need to know when shopping for a new car.

Why Lease With Quest Automotive?

At Quest Automotive Leasing, we don’t just have a one-size-fits-all approach when it comes to vehicle leasing. In fact, we have four options, including personal leasing, commercial leasing, vintage leasing and equipment leasing, that can be tailored to suit your individual and professional needs. When you lease from Quest Automotive, you can be assured and confident knowing that we don’t prescribe the same leasing plan for everyone. Our team works with you, for you, to match you with the perfect vehicle at an affordable rate.

Quest Automotive is not affiliated with a specific manufacturer. We have the freedom to do business with who ever we please, meaning we’ll search high and low in the GTA to find you the right vehicle. We offer leasing for new and used vehicles and all of our leasing plans include a variety of different lengths, terms, buyout options and mileage requirements. Here’s what we can do for you or your business:

Personal Leasing

  • Open-ended leasing

  • Sole buying power

  • Monthly sales tax ONLY

Commercial Leasing

  • Lowest fleet pricing

  • Custom open-ended leasing

  • Conservation of credit lines

  • Improved cash lines

Equipment Leasing

  • Heavy equipment

  • Flexible leasing terms

  • Preserved cash and credit flow

Collector’s Leasing

  • Flexible leasing terms

  • Lease-to-buy

  • Collector car financing available

Why Choose Leasing Over Buying?

When you choose to buy a new vehicle, unless you have a lump sum of a thousands of dollars in your pocket, the cost will be significantly higher than if you choose to lease. There are many up-front costs that you must take into account if you choose to finance your vehicle, including a down payment, registration fees and taxes.

Leasing typically includes the first month’s payment and the monthly payments are much lower because you’re only paying for the vehicle’s depreciation during the lease term. With leasing, you’re also essentially free from payments at the end of the term. Simply return the vehicle and walk away once you’ve paid any associated end-of-lease costs.

The cost of owning a vehicle in Toronto is extremely high once you factor in gas, insurance, upkeep and the overall financing rates. Skip the bulk of it when you go with a lease.

Are you currently shopping for a reliable vehicle? See how Quest Automotive’s flexible and affordable leasing plans can work for you. Contact us today at 1-(888) 969-4521 today or contact us online to get started.

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4960 Sheppard Ave. E., Toronto, ON M1S 4A7