Lease vs finance in Newfoundland and Labrador
Original AutoMart Canada notes for shoppers in Newfoundland and Labrador. Rates and programs change — confirm with a dealer, insurer, or the provincial government before you buy.
Leasing in Newfoundland and Labrador means tax on the payment stream (HST at 15% on a new vehicle.). 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 Newfoundland and Labrador 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 Newfoundland and Labrador on this site include Conception Bay South, Corner Brook, Gander, Grand Falls-Windsor, Happy Valley-Goose Bay, Labrador City, Mount Pearl and Paradise and 1 more. Open the Newfoundland and Labrador city list or the Canada map.