• 5362 Highway 7 East
  • Markham, Ontario,
  • L3P 1B9

5362 Highway 7 East Markham, Ontario, L3P 1B9

Markville Toyota
5362 Highway 7 East Markham, Ontario

Platinum Plus Rewards Program

What's the difference in payment between a lease and a finance loan?

Here is an example that shows the difference in your monthly payment depending on whether you lease or finance your vehicle.

Lease Loan
Term 48 Months 48 Months
Interest Rate 7.95% 6.95%
Selling Price $ 18,000.00 $ 18,000.00
Taxes* N/A $ 2,340.00
Selling Price $ 18,000.00 $ 20,340.00
Lease End Value $ 9,000.00 N/A
Base Payment $ 277.29 N/A
Taxes on Payment* $ 36.05 N/A
Total Payment $ 313.34 $ 486.59

The MSRP and rates used above are approximate and used only as an example. Please see your Toyota Dealer for current finance and lease rates.

*Taxes (GST & PST) are 13% in this example.

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