BENEFITS OF LEASING
- - A new car more often: With payments spread out over a shorter period of time, you can drive a new vehicle more often.
- - Low monthly payments: Lease payments are traditionally lower than retail finance payments on the same vehicle.
- - Only pay tax on the monthly payment (vs. paying taxes on the full purchase price of the vehicle when you finance).
- - Mazda Financial Services does not charge any vehicle disposal fees.
- - Flexible terms up to 60 months on select models.
- - Keep more cash to use or invest.
END OF LEASE OPTIONS
- - Lease or finance a new Mazda and qualify for our OWNER LOYALTY DISCOUNT.
- - Finance a Certified Pre-Owned Mazda and qualify for our OWNER LOYALTY DISCOUNT.
- - Purchase the vehicle for a predetermined price shown on your lease contract plus applicable taxes and fees.
- - Return your vehicle.
During the final 45 days of your lease, you will be contacted to arrange an inspection of the vehicle. The inspection will be performed by an independent inspection company at no cost to you. Following the inspection, you will receive a detailed condition report with the estimated charges for excess wear (if any). At this time, you have the opportunity to repair your Mazda prior to maturity. Should you repair your vehicle at your Mazda Dealer, no further inspection will be required. If you choose to have your vehicle repaired elsewhere, then a second inspection will be required at your expense. Please use our Wear and Tear Guide to help you assess any excess damage to your Mazda.
TO PURCHASE YOUR MAZDA
We can see how it would be difficult to part with your Mazda. If you decide to keep yours, you can purchase or refinance your current vehicle for the predetermined price shown on your lease contract plus any amount outstanding on the lease, applicable taxes, safety inspection costs, environment fees and ownership transfer fees. To purchase your Mazda, simply visit our dealership to arrange for payment through the dealership.
FREQUENTLY ASKED QUESTIONS
WHAT DO I NEED WHEN I TAKE DELIVERY OF MY LEASED VEHICLE?
- - Proof of Insurance.
- - Driver's Licence.
- - Proof of Income, a Letter of Employment and a Paystub can be used as documents to represent proof of income.
- - Vehicle and Plate Registration, if applicable.
WHAT ARE MY OPTIONS AT LEASE MATURITY?
The leasee has an option to either: lease or purchase a New or Certified Pre-Owned Mazda vehicle, purchase the vehicle at the end of lease term residual value, or return the vehicle to Yorkdale Dufferin Mazda.
WHAT MUST I DO WHEN I RETURN MY LEASED VEHICLE?
Someone from Autovin will conduct a vehicle inspection close to lease maturity. If neither reconditioning nor excess mileage charges are needed, the leasee will return the vehicle to the originating Dealer.
AM I REQUIRED TO REGULARLY MAINTAIN MY VEHICLE?
Yes, the leasee is responsible for maintaining and servicing of the vehicle. The lessee agrees to follow the owner's manual and maintenance schedule to make necessary repairs.
ARE DEFERRAL PAYMENTS ALLOWED ON LEASES?
No, deferral payments are not allowed. Only monthly payments are permitted.
WHAT IS MY MILEAGE ALLOWANCE?
- - Standard lease = 24,000 km/year.
- - Low kilometre lease = 20,000 km/year.
Excess mileage can be purchased up front for standard leases (24,000 km/year) for all Mazdas for $0.08/km, except the CX-9, which is $0.12/km, plus all applicable taxes.
Excess mileage will be assessed at the end of term for all leases (both standard and low kilometre leases), and is charged at $0.08/km for all Mazdas except the CX-9, which is $0.12/km, plus all applicable taxes.
WHAT IS THE LEASE-END VALUE? WOULD I EVER HAVE TO PAY ANYTHING ABOVE THE LEASE-END VALUE?
Lease-end value (residual value) is the value of the vehicle at the end of lease. The leasee has the option to purchase the vehicle at the end of the lease term at the residual value plus any amount outstanding on the lease, applicable taxes, safety inspection costs, environment fees and ownership transfer fees. To purchase your Mazda, simply visit us to arrange for payment through the dealership.
WHO CAN I CONTACT IF I HAVE ANY QUESTIONS/COMMENTS/CONCERNS REGARDING MY LEASE?
Contact us at 416-789-4521 for any questions about Mazda Canada, any of our products and services offered, or any concerns relating to either your vehicle or payment.