want lower monthly payments.
like driving a newer car more often
would like a short-term commitment.
You can now enjoy flexible lease terms ranging from 24 to 60 months, allowing you to plan better for your changing needs. Whether it’s a new job or a growing family, you can easily get a new vehicle while keeping up with the latest vehicle safety, fuel efficiency, and user-friendly technologies.
Peace of Mind
At Toyota, we understand that there are things beyond your control that can cause wear and tear to your vehicle. That’s why we offer the Wear Pass and Wear Pass Plus Plan as optional add-ons to every Lease. These plans protect against unexpected excess wear and tear, giving you peace of mind.
You can select from three different allowances - 16,000, 20,000, or 24,000km. If you opt for the standard 24,000km plan, you can purchase additional kilometres at a discounted rate in advance. Alternatively, if you’re uncertain about your needs, you can acquire extra kilometres at the end of your lease at the regular price.
Small Business Owners Benefits
As a business owner in Canada, leasing can provide you with significant tax benefits. It’s important to consult with your tax advisor to determine if leasing is right for you. And of course, you deserve to make a stylish entrance at every meeting.
What happens at the end of my lease?
You have three simple options when your lease term has ended.
Many choose to lease or finance another Toyota vehicle.
You may purchase the vehicle at the Lease End Value indicated on your contract.
You may return the vehicle as provided in your lease.
Toyota has received four awards from the Automotive Lease Guide (ALG) for having the best residual value vehicles. The residual value of a car at the end of your lease term determines its worth at that time. If a car has a higher residual value, your monthly payment will be lower since you will only have to pay for the period you use the car.
HIGHER RESIDUAL = LOWER MONTHLY PAYMENTS
For example: a $30,000 vehicle leased for three years with a residual value of $14,000, means you’re only paying $16,000 over three years. If the residual is $20,000, it means you’re paying only $10,000 over three years (ie. Lower monthly payments)*