EDMONTON AUTO LEASING
Tailor Made Auto Credit Inc. has been serving the greater Edmonton and Western Canadian region for over 20 years! With thousands of satisfied customers Tailer Made prides itself in providing prompt, professional service for all your personal or commercial vehicle leasing requirements. Several options are available according to your need. Tailor Made leases new or used vehicles, as well as off-make (other than Chrysler, Dodge or Jeep)
How does a vehicle lease work?
Tailor Made purchases the vehicle on behalf of the customers. The customer then pays a fixed monthly payment for the term of the lease. At the end of the lease the customer can either pay the "residual" or "lease end" value (plus applicable taxes) and take ownership of the vehicle, trade it in or re-finance or re-lease the residual.
Benefits if vehicle leases
Flexible contract terms ranging from 6 months to 5 years.
Fixed competitive interest rates and payments.
Costs are known in advance.
Tax deductions are available when the vehicle is used for business purposes. (consult your accountant)
As the GST, PST, or HST is paid monthly, you are only paying tax for the portion of the vehicle you are using!
Little or no money down (OAC)
On site financial arrangements.
Vehicle trade-in options (paid or not).
OPEN END LEASE (FINANCIAL LEASE)
An agreement where by the lessee (the person or company making the payments) to be responsible for the "lease end value" or "residual value". The client bears the risk if the asset depreciates more than what was expected by the end of the lease. Of course, at the same time, the lessee stands to realize a gain if the asset depreciates less than expected.
For example, suppose your lease payments are based on the assumption that a $20,000 vehicle will be worth $10,000 at the end of your lease agreement. If the vehicle turns out to be worth only $7,000, the lessee is responsible for the difference since the lease payment was calculated on the basis of the vehicle being worth $10,000 also if the vehicle is worth more than $10,000 the extra money (equity) is yours!
We pride ourselves in establishing "realistic" residuals, therefore not putting the customer in a non-equity position. This is done by analyzing the use of the vehicle along with the annual km's driven.
This option is most popular with our customers, as they retain the benefits of having a low residual without feeling they are spending more than required.
CLOSED END LEASE
An agreement where-by the vehicle is returned to Tailor Made at the end of the lease term. The customer has no obligation as to the "lease end value" or "residual" value. The risk is assumed by Tailor Made. The customer is still responsible for the end of lease km's and general condition that is above normal "wear and tear". Examples; worn out tires, broken glass, body damage, etc. This option is most suitable for customers wanting to keep their vehicles current or within warranty.
We offer a unique buy here-pay here program with millions of dollars of inventory and hundreds of late model vehicles from which to choose, many with remaining factory warranty. Of course extended service contracts and many "payment protection" options are available. We will help you re-establish your credit by reporting your good payment history to the Credit Bureau. We can"tailor" your payments in order to make your vehicle affordable with various payment dates available. Contact us now for an appointment for a personal consultation.
email Dale | (780) 473-1188