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You can make money from your Toyota lease!

LEASING WITH MULTIPLE SECURITY DEPOSITS

John Panting | Published on July 08 2015


 Leasing a new vehicle has many benefits depending on your situation. In this article we will cover an insider leasing secret that most dealers don't even offer. Toyota Canada  doesn't advertise the Multiple Security Deposit Program,but it is the best way to lease a Toyota. It will afford you a lower payment and a lower interest rate. Additionally, it will give you a return on your money ! 

How Does It Work?

Toyota Canada allows you to leave up to 10 security deposits when leasing a vehicle. This is not the down payment,it is a security deposit. Security deposits are typically taken and held for the term of the lease . When the vehicle is returned to the dealer at the end of the lease term the security deposit is refunded,assuming lease conditions are met. With the Multiple Security Deposit Program, each additional security deposit you leave reduces your interest rate ( by 0.15%).This reduction of your interest rate reduces your monthly payment. At the end of your lease term,your security deposits are refunded back to you.  

 

 Here is an example;

The 2015 Toyota Prius

The standard lease for 60 months with $0 down is $335.65/month +HST at 1.49%

Without Multiple Security Deposits-     $335.65/month +HST

With the Maxium 10 Security Deposits $312.02/month+HST

Monthly Savings...                                   $22.63/month for 60 months      

Multiple secutity deposits (Varies by Vehicle)10 x$550= $5500.00- (refunded at the end of lease term)

Payment savings $22.63 x 60 months =           $1357.80

Return on investment by the end of lease term: 24.7 % or  4.1 % per annum.

If you are leasing a vehicle why would you not take advantage of this amazing program?

Please ask your Kingston Toyota Scion Product Advisor about  our Multiple Security Deposits Program.

John Panting

Internet Business Development Manager

Kingston Toyota-Scion

July 8,2015

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