Which Option is right for you? Lease or Finance
At North London Toyota, our finance department is here to make getting into your next vehicle simple, and personalized to your budget.
Whether you’re considering leasing or financing your new vehicle, both option offers valuable benefits depending on your lifestyle, driving habits, and long-term plans. Our team will walk you through every step so you can feel confident in your decision.
Leasing Your new Toyota
Leasing a new Toyota offers a flexible way to enjoy the latest models with lower monthly payments. Instead of paying for the full value of the vehicle, you only pay for the portion you use during the lease term. This makes leasing appealing for drivers who enjoy upgrading every few years, and prefer to stay within warranty coverage for most of their driving. At the end of your lease, you can return the vehicle, purchase it at the preset buyout price, or start fresh with another new Toyota.
Financing Your New Toyota
Financing is a great choice for drivers who want long-term ownership comfort and the freedom to customize their vehicle. With competitive Toyota Canada rates, flexible terms, and no kilometre restrictions, financing gives you full control. Financing provides stability, long-term value, and the ability to build equity while enjoying the flexibility of unlimited driving.
Benefits of Leasing
✓  Drive The Latest Model
Leasing gives you the opportunity to upgrade to a new Toyota every few years. Stay current with the latest technology and safety features.
✓ Factory Warranty Coverage
Most lease terms align with Toyota’s factory warranty, minimizing unexpected repair costs.
✓ Flexible Options at Lease-End
When your lease is up, you can choose to return the vehicle, lease a new Toyota, or even purchase the one you’ve been driving.
✓ Lower Upfront Costs
Leasing often requires little to no down payment compared to financing, which helps keep your upfront costs low.
✓ Smart for Small Business Owners
Leasing can offer valuable advantages for business owners including potential tax benefits
Benefits of Financing
✓ Vehicle Ownership
Once your loan is paid off, you’ll enjoy years of driving without monthly payments, giving you long-term savings and lasting value.
✓ Unlimited Mileage
Financing gives you the freedom to drive as much as you want with no mileage restrictions or overage fees.
✓ Build Equity
Every payment goes toward ownership, helping you build long-term value.
✓ Freedom to Customize
Add accessories, lift kits, window tint or wraps to your vehicle. Make your Toyota truly yours without restrictions.
Which Option Is Right for You?
Not sure whether leasing or financing fits your lifestyle? Our Finance Managers at North London Toyota will help you compare payments, understand terms, and choose what works best for your driving needs.