Lease vs finance in Ontario
Original AutoMart Canada notes for shoppers in Ontario. Rates and programs change — confirm with a dealer, insurer, or the provincial government before you buy.
Leasing in Ontario means tax on the payment stream (HST at 13% 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 Ontario 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 Ontario on this site include Ajax, Aurora, Barrie, Belleville, Bracebridge, Bradford West Gwillimbury, Brampton and Brantford and 73 more. Open the Ontario city list or the Canada map.