Lease vs. Finance in Regina, SK
|Can go from 2 to 5 years, with most lasting about 36 mo.||Length of the deal||Comes with a payment schedule that lasts for 4 to 7 years.|
|Doesn’t require a large down payment, but there are closing fees due at signing||Down Payment Requirements||Typically comes with a down payment of 10%-20%|
|Yearly mileage ranges from 10,000 to 15,000 miles||Mileage limits||Generally come without mileage limits|
|Monthly payments can be lower than finance deals||Payment Amounts||Depends on the value of the vehicle you’re financing, the length of the payment schedule, and the APR|
|Extra mileage or additional protection packages usually available||Personalization of the deal||Doesn’t have the same customizable options as a lease|
|Walk away from vehicle, trade it in, finance the balance||Choices when the payments end||Trade it in for a new finance deal, trade it in for a new lease deal, or keep it.|
Still Have Questions?
No problem! We understand that vehicle leasing and financing is a somewhat complicated process, and it’s not always clear which one will work best for you. However, the experts in our Finance Department are trained to answer every question a customer might have. Contact our team through our online contact form or by phone at 877-554-3818 to learn more about auto finance and lease deals at Wheaton Chevy.