Lease vs finance in British Columbia
Original AutoMart Canada notes for shoppers in British Columbia. Rates and programs change — confirm with a dealer, insurer, or the provincial government before you buy.
Leasing in British Columbia means tax on the payment stream (GST 5% plus PST 7% on most new vehicles (12% combined).). A loan means tax on the purchase, then interest. Neither is “cheaper” until you fix term, residual, kilometres, and the money factor.
Residuals are set by the captive finance company. High-kilometre rural driving in British Columbia can make a loan the cleaner path.
AutoMart is not a lender. Use the lease and payment calculators, then apply so a dealer or finance partner can quote real numbers.
City hubs in British Columbia on this site include Abbotsford, Burnaby, Campbell River, Chilliwack, Coquitlam, Courtenay, Cranbrook and Dawson Creek and 35 more. Open the British Columbia city list or the Canada map.