Leasing Explained


Who should lease? Leasing is a great option if you: want lower payments, like driving a newer car more often, and prefer a short term commitment. We have several flexible options with leasing, including flexible terms from 24-60 months available, so you can get into a new Toyota with all the latest safety technology, fuel efficiency and convenience features available!

Peace of Mind. With every Toyota lease we offer the Wear Pass Plan to further protect your vehicle from unexpected excess wear and tear. The Wear Pass plan goes above and beyond what is considered normal everyday use to ensure that you do not face any extra charges at the end of your lease. Toyota also offers Guaranteed Asset Protection standard on every lease, so if your vehicle is ever declared a total loss, GAP will cover the difference (after deductible) of what you owe on the remainder of your lease and the amount of your insurance settlement.


Kilometre Allowance. Toyota offers 16,000, 20,000, and 24,000km yearly allowances. Choose whichever option fits your driving needs, and know that you can also purchase additional km if need be, both up front and at lease end.

Run a small business? Leasing might be the perfect option for you. Leasing can offer significant tax advantages to Canadian Small Business Owners.

The Automotive Lease Guide (ALG) awarded four Toyota vehicles for best residual value. At the end of your lease term the vehicle’s residual value is the worth of the car at that time. The higher the residual value, the lower your monthly payment, since you are only paying for the portion of time that you’re using the car. Our Toyota product has fantastic residual values, so leasing is always a great option at Toyota on the Trail!

end of leasing v2

ajax loader2