Lease vs. Purchase

Your options to get behind the wheel
Life happens and sometimes it’s difficult to purchase a vehicle. Birchwood Chevrolet Buick GMC is able to help you get competitive loan rates, even if you have less than perfect credit. Our staff is knowledgeable on special financing options and we will work with you to find a payment plan that’s best for you, no matter your credit situation.
Vehicle Ownership
Payments
Kilometre Limits
Vehicle Ownership
Vehicle Ownership

When leasing a vehicle, you have two options at the end of your lease: purchase it, or trade it in for a new vehicle.

A financed vehicle is titled under your name and, once the terms of the contract are fulfilled, is entirely yours and you’ll be free to do what you please with the vehicle.

Payments
Payments

Both financing and leasing payments are determined by the length of the lease. Lease payments are determined based on the value of the vehicle during that time period.

Because of this, they are often lower than purchasing the same vehicle.

Kilometre Limits
Kilometre Limits

There is no kilometre limit when purchasing a vehicle, however, the value of the vehicle will decrease as the mileage increases.

Kilometre limits are outlined within the lease agreement. Exceeding the kilometre limit may require a payment to match the decreased value of the vehicle. 

Financing Options

Whatever your credit, Birchwood Chevrolet Buick GMC will get you behind the wheel. We have special financing options available for people in every credit situation. Try our quick and easy-to-use app to find out what you qualify for.