Not sure about Leasing? The following information will provide an overview of what
is involved, in easy to understand terms.
What is Leasing?
Leasing is an agreement between you, the consumer, and the leasing company. The
leasing company owns the vehicle and you are essentially paying for the use of it.
You agree to make the monthly payments, keep up your insurance, pay all fees and
taxes as well as keep the vehicle in good repair.
Why Should I Lease?
Every consumer can benefit from leasing. From the cost conscious customer who
wants lower payments, to the customer who wants to drive a new car every few
years, leasing essentially allows you to pay for what you use, and that makes a
lot of sense in today's market. As well, sales taxes are charged on the monthly
payments, not on the total price of the vehicle.
Which vehicles can I lease?
Through Highland National Leasing, you can select from every automobile product
available in Canada, domestic or import…including those in our large inventory
of new and late model used vehicles and trucks. To assist in your choices, we
provide objective assessments, specific recommendations and comprehensive
costing from all vehicles matching your needs.
Besides the monthly payments,
what other costs am I responsible for?
You must pay your annual license fees and full insurance coverage. You are also
responsible for any normal maintenance costs outside of manufacturer's warranty.
Is there a limit on the mileage
I can put on the vehicle?
This depends on the type of lease. The standard closed-end lease allows for
2000 km per month (e.g. 36 months, 72,000 km allowance). This can be increased
if desired, or alternatively, an open-end lease can be offered. This lease
allows for unlimited kilometers where you as the Lessee, guarantee the end-value.
An open end is the most common commercial type of lease.
Can anyone be approved for a lease?
Much like bring approved for a vehicle loan, a similar credit check takes place.
At Highland National Leasing, we go the extra mile to assist all customers in
their quest for a vehicle. Even if you had previous credit problems, we will
try our best to get you into one of our quality vehicles.
What type of Insurance coverage is required?
Subject to provincial regulations, the minimum coverage for liability is
$2,000,000 with a deductible of $500 for collision and comprehensive
coverages.
Why a Highland National Lease
plan is right for you and your company:
- We lease all makes and models, anywhere in Canada
- Wide selection of vehicles, trucks, and SUV's and equipment of all kinds
- Extensive dealer network to supply vehicles for immediate delivery
- Customized lease plan to suit your budget and use requirements
- Net operating lease or open end lease plans
- Versatile employee vehicle perk programs
- Vehicle purchase option at lease completion
- Extended manufacturer warranties for peace of mind motoring
- Assistance with the resale of your present vehicles
- Vehicles available for short term or emergency replacement
Why leasing your vehicle the
Highland National way is like no ordinary lease program:
- Frees working capital for appreciating assets
- Preserves cash and credit resources-little or no down payment required,
subject to credit approval
- Helps establish vehicle cost and expense records for income tax and
personal purposes
- Lower monthly payments as a result of paying for depreciation rather
than outright ownership
- Affords more vehicle for the same monthly payment compared to a
conventional purchase
If you have any other
concerns not addressed here, please contact David Veitch, Leasing Manager
for more information: (905) 727-9444
