How to lease a luxury car in Toronto

By: Somerville Auto   |   01 May 2018
Downtown Toronto at night

So, you’ve come to the realization that you want to buy a luxury vehicle 

Well, that’s great! But, unless you’re carrying more than $100,000 in bills for a 2018 Land Rover Range Rover Sport, a 2017 Maserati GranTurismo, or a 2014 Audi R8, you’ll likely need to talk with someone at our dealership about leasing your soon-to-be new luxury car.

Here’s how it works:

Custom leasing for unique tastes

At Somerville Auto, we know that no two luxury car shoppers are alike. That’s why our automotive leasing options are flexible and affordable--we work with you one-on-one to come up with a repayment plan that works just for you.

First, we analyze your most recent credit report. But, don’t worry if your score isn’t perfect. Even if you have a shaky credit rating, that won’t stop you from buying the luxury car you’ve got your eyes on. We have many loans for bad credit that are a great solution if you’ve missed a few payments, or have experienced financial trouble in the past

Next, we help you find a vehicle that fits your budget but also still aligns with what you envisioned yourself driving. Not everyone can realistically afford the Maserati, but together, we’ll figure out what you love about your dream vehicle, and run those traits against other matches in our inventory so that we’re taking care of your needs, while you take care of your wants. It’s always good to be open and honest about your financial status so that you can enjoy a luxury vehicle, without worrying about the bills.

Third, we’ll create a vehicle allowance per kilometre, so you’re not overpaying or underpaying as you continue to drive your new vehicle. Fourth, we help you pick the best leasing program. At Somerville Auto, we have many different options to choose from, including low buyout auto leasing-- if you know that you'll be driving the car a lot, we'll structure a low buyout so that you don't have to absorb a massive buyout or loss when your lease comes to term.



FAQs about leasing a luxury vehicle

Understandably, leasing a luxury vehicle will come with higher payments than leasing a domestic vehicle. To help our luxury buyers understand just how leasing a luxury car in Toronto works, we’ve created a leasing fact sheet.

From early termination fees (if you wish to break your lease agreement prior to the contract’s expiration), to gap insurance, and understanding the termination fee, we’ll show you the in’s and out’s of leasing a luxury vehicle in Toronto.

Are you ready to lease your new luxury car? Call us today at 1-(877) 503-5102 or contact us online to speak with our finance department



Contact Us

(416) 252-6956