Leasing

Not sure if leasing cars in Winnipeg is right for you? If you can identify with any of the statements below... it is!

• You like to have the future value of your car guaranteed to you
• You typically trade in vehicles every 3 to 5 years
• You prefer choices over obligations
• You prefer lower monthly payments and close to $0 down
• You enjoy driving newer cars for their safety and dependability and new technology features
• You want your next car to have a warranty
• You want to pay less in tax

Instead of paying for the whole value of the vehicle and the taxes on the whole value of the vehicle, leasing allows you to pay for only the portion of the vehicle you are going to use. Simply stated? If a vehicle has a life span of 18 years, buy you typically only use a vehicle for 4 years, why pay for 18 years, plus taxes, plus interest on the vehicle, when you only need to pay for the portion of the vehicle's life that you are going to consume. The 4 years, for example.

CAN I GET MY FUTURE TRADE IN VALUE GUARANTEED?
Leasing pre-calculates the future value of your vehicle with a residual, or "buy out". Your value, at the end of your 36, 48, or 60 month lease is guaranteed. Simply put, you make your lease payments, and at the end of the lease, there is no uncertainty of market conditions and resale of your vehicle.

WILL MY MONTHLY PAYMENTS REALLY BE LOWER THAN IF I PURCHASE A VEHICLE?
Since you only pay for the portion of the car or truck that you actually use, your monthly lease payments are typically lower than for a purchase loan for the same car and same term.

WILL I NEED TO MAKE A DOWN PAYMENT?
Vehicle leasing provides the option of making no down payment. You simply start with your first month's payment and a possible lease fee. A low or no down payment frees up your liquid cash for other things.

ARE THERE LESS MAINTENANCE EXPENSES?
Most people like to lease for a term that coincides close to the length of the manufacturer's warranty coverage. This means if anything goes wrong that shouldn't, you won't be forced to cover the cost of repair.

CAN I PAY LESS TAXES?
When you purchase cars for sale in Winnipeg, you pay for the vehicle and the tax on the whole purchase price of the vehicle. And if you finance the vehicle, you'll also end up paying quite a bit of interest. With a lease, there are no up-front taxes. You are only taxed on the portion of the value that you use during your lease. In other words, you pay tax only on the value of your monthly payment, as you make the payment.

WHAT ARE SOME OF MY OPTIONS AT THE END OF THE LEASE?

Once your lease is up, you have a few different options:

    1. Return the vehicle at our dealership and walk out.
2. Purchase the leased vehicle out for the residual amount plus taxes and fees.
3. If there is equity on the vehicle (it's worth more than the residual), apply that to your next vehicle purchase or lease.

DO I NEED TO PAY MY LEASE PAYMENT MONTHLY?
We have many options for making your lease payment. Lease payments can be taken monthly, bi-weekly, or weekly.

IS LEASING RIGHT FOR EVERYONE?
Leasing is a great option for some people, but it isn't right for everyone. This is why it is important to meet with a sales consultant to discuss your vehicle use and your vehicle needs. A wise consumer will want to explore all purchase options available to take advantage of the financing tool that best suits their needs.

Current Leasing Deals at Eastern Chrysler

2019 Dodge Grand Caravan	2019 Jeep Grand Cherokee	2019 RAM 1500