You found the vehicle that best suits your needs and lifestyle. The next big question is deciding whether it is better for you to buy or lease.
Keep these four questions in mind if you are considering a lease:
Remember: you will not own the vehicle at the end of a lease term. Some lease agreements include an option to purchase the vehicle at a predetermined price at the end of the term.
Under Alberta’s Cost of Credit Disclosure Regulation there are details that a lease contract must disclose including the term, kilometre allowance and timing and amount of payments. Visit amvic.org/leasing to learn more about what must be included in a lease contract and the different types of leases available.