Auto Leasing in Vernon, BC

We Make Getting Behind The Wheel Easy

Leasing a Toyota vehicle offers all the benefits of owning a car, with the flexibility and affordability to upgrade to the latest models whenever you want. With lease terms from 24 to 60 months, you can better plan for life's changing needs.

How Does the Leasing Process Work?

Toyota leasing options are flexible to meet your individual needs.

1. Browse our inventory of Toyota vehicles

2. Apply for a term of 24-60 months

3. Pay a refundable security deposit

4. Pay for your first month

5. Drive away happy!

Key Leasing Benefits For Vernon Drivers

 Lower monthly payments

 Drive a newer car more often

 Short-term commitment

 Affordable buyout options

 Less repair & maintenance costs

Who Can Benefit From A Car Lease?

There are specific circumstances where people who need a reliable vehicle at an affordable price
can do so quickly and confidently with a car lease, including:

Auto Leasing FAQs

What is the difference between financing and leasing a car?

The main difference between financing and leasing a car is that financing involves taking out a loan to purchase the vehicle. At the same time, leasing entails renting it for a predetermined period, typically with lower monthly payments and no ownership at the end of the lease term.

What happens if my leased vehicle is damaged?

Toyota understands that some things are out of control. That’s why, with every lease, there is the Wear Pass option to give you peace of mind against any wear and tear that your vehicle may encounter.

How are lease payments calculated?

Lease payments are calculated based on factors such as the vehicle's capitalized cost (purchase price), residual value (estimated value at the end of the lease), lease term, money factor (interest rate), and any upfront fees or down payment.

Do I need insurance for a leased car?

Yes, you'll need to maintain comprehensive auto insurance coverage for the leased vehicle, including liability, collision, and comprehensive coverage. The leasing company typically requires specific insurance coverage limits.

Can I lease a car with bad credit?

Yes! In Canada, there is no minimum credit score needed to lease a vehicle. That being said, you may need to take some extra steps to get approved, such as securing a co-signer or offering a larger down payment.

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