Emissions Tests are required in the province of Ontario to be updated yearly for heavy-duty vehicles or once every two years for light-duty. You can find out more information here: Ontario Drive Clean TestFAQs
No down payment required (except security deposit which is refundable at lease termination).
Payment is calculated on the difference between the vehicle's original value and its expected value at the end of the lease term; benefit is a lower monthly payment based on your driving needs.
With no major cash outlay and lower monthly payments, you will have more cash available to payoff other bills or for savings; frees up line of credit for better applications.
The Leasing Consultant can guide you through your selection process, emphasizing vehicle type, resale values, and option availability, as well as explaining the types and terms of leases available, all with consideration to your driving and financial needs.
Leasing allows you to recycle your leased vehicle every four to five years before expensive maintenance costs occur. Choose the term that best reflects your anticipated use of the vehicle to maximize this advantage.
No need to determine the value or find a buyer; simply drop off the car. Of course, the option to purchase is always available.
You will determine your payment per month for the full term of your lease. If you choose a lease with a "buy-back", you can buy the vehicle at lease-end with inflated dollars.
Simple record keeping - no need to calculate annual depreciation and monthly interest; its all in your monthly payment.