PURCHASE OR LEASE?
Great question. Both options have their advantages. Be sure to contact us with any questions before you decide, as our experts can help you make the best informed decision possible.
Here are some of the reasons people purchase:
More Car, More Often
Since your monthly payments are lower, you'll be able to get more car for the same money and drive a brand new vehicle every two to four years, depending on the term length of your leases.
Lower Upfront Cash Outlay
Most leases require little or no down payment, which makes getting into a new car more affordable and frees up your cash for other things. However, you can choose to make a down payment to lower your monthly payment amount.
Lower Tax Bite
In Canada, you don't pay sales tax on the entire value of a vehicle when you lease. You're only taxed on the portion of the value that you use during your lease. The tax is spread out and paid along with your monthly lease payment.
Alberta Leaseco is an in house leasing company. Through Alberta Leaseco you can lease all makes and models, they offer flexible lease terms, and preferred interest rates.
No Used-Car Hassles
With leasing, the headaches of selling a used car are eliminated. When your lease ends, you simply turn it back to the leasing company and walk away, unless you decide to buy it or trade it.
Flexibility
For those with special kilometer needs, Western Pontiac Buick GMC (1999) Ltd. offers a variety of options, including low kilometer lease (20,000 kilometers per year), a standard kilometer lease (24,000 kilometers per year) and the ability to purchase additional kilometers at lease inception. Not to mention being able to amend your lease if you find you are driving much more than expected.
Unique Features
Western Pontiac Buick GMC (1999) Ltd. offers a variety of lease terms designed to meet your needs. We offer 24, 36 and 48-month leases for both new and used vehicles.
Aaron Peterson, Leasing Manager
Purchasing
You have chosen your vehicle and now you need to decide on whether to purchase it, which generally requires a loan and monthly payment or whether you will lease it. While it varies depending upon the type of vehicle, we find in general it is close to an even split between customers who finance (purchase) and those who select leasing. When it comes right down to it – it’s a personal choice!Here are some of the reasons people purchase:
- "Peace of mind" ownership
- End of payments once loan is completed
- Ease of budgeting - no potential "extra kilometer" charges
- Not responsible to a third party for the condition of the vehicle
- You do not want a new vehicle every four to five years
- Long-term ownership experience
Leasing
Here are some of the reasons people lease:More Car, More Often
Since your monthly payments are lower, you'll be able to get more car for the same money and drive a brand new vehicle every two to four years, depending on the term length of your leases.
Lower Upfront Cash Outlay
Most leases require little or no down payment, which makes getting into a new car more affordable and frees up your cash for other things. However, you can choose to make a down payment to lower your monthly payment amount.
Lower Tax Bite
In Canada, you don't pay sales tax on the entire value of a vehicle when you lease. You're only taxed on the portion of the value that you use during your lease. The tax is spread out and paid along with your monthly lease payment.
Alberta Leaseco is an in house leasing company. Through Alberta Leaseco you can lease all makes and models, they offer flexible lease terms, and preferred interest rates.
No Used-Car Hassles
With leasing, the headaches of selling a used car are eliminated. When your lease ends, you simply turn it back to the leasing company and walk away, unless you decide to buy it or trade it.
Flexibility
For those with special kilometer needs, Western Pontiac Buick GMC (1999) Ltd. offers a variety of options, including low kilometer lease (20,000 kilometers per year), a standard kilometer lease (24,000 kilometers per year) and the ability to purchase additional kilometers at lease inception. Not to mention being able to amend your lease if you find you are driving much more than expected.
Unique Features
Western Pontiac Buick GMC (1999) Ltd. offers a variety of lease terms designed to meet your needs. We offer 24, 36 and 48-month leases for both new and used vehicles.
WE CAN HELP YOU MAKE THE RIGHT DECISION
For details on current finance/lease rates please contact the Finance Department.Aaron Peterson, Leasing Manager
