Charlesglen Scion

When working through the options to lease or finance, it's important to have an understanding of the money you'll owe, both at the time you sign the contract and on a monthly basis.

Monthly Payments

Leasing

When leasing a car, you're essentially paying only for the vehicle's depreciation during the lease term plus lease charges (interest), taxes and fees. Leasing typically provides for lower monthly payments and lower up-front costs when compared to financing the same vehicle.

Financing

When financing a car, you're paying for the entire purchase price of the vehicle, interest charges, taxes, and other charges that may be owing under the terms of your finance contract. This means that your monthly finance payment is probably going to end up being slightly higher than a lease payment.

Amount Due on Delivery

Leasing

If you lease your Scion, the amount you will pay upon delivery will include the first month's payment (an industry standard), a refundable security deposit, any down payment (cash or trade), taxes and vehicle licencing fees. Additional charges or fees may apply based on your province. Speak with your local Scion dealer for full details.

Financing

If you finance your Scion, the amount you will pay upon delivery will depend on the items you wish to be included as part of your loan. If you wish to make a down payment, this amount will be collected by the dealer before you take delivery of the vehicle. Speak with your local Scion dealer for full details.