Find answers to common questions about vehicle leasing with Garnet Leasing. If you don't see your question addressed here, please don't hesitate to contact our team directly.
Vehicle leasing is a long-term rental arrangement that allows you to use a vehicle for a predetermined period (typically 12-60 months) in exchange for regular monthly payments. Unlike buying, you return the vehicle at the end of the lease term unless you choose to purchase it
Leasing typically offers lower monthly payments, requires minimal down payment, allows you to drive newer vehicles more frequently, provides warranty coverage throughout the lease term, eliminates depreciation concerns, and offers potential tax advantages for businesses.
Yes, at Garnet Leasing we offer tailored leasing solutions for both individual consumers and businesses of all sizes, from small enterprises to large corporations requiring extensive fleet management.
Yes, we offer various customization options depending on the vehicle model and your specific requirements. Our leasing advisors can guide you through available options during your consultation.
We offer flexible lease terms ranging from 12 to 60 months, allowing you to select the duration that best suits your needs and preferences.
Our standard mileage packages include 15,000, 20,000, and 25,000 kilometers annually. We can also create custom mileage allowances based on your specific driving habits and needs.
If you exceed your contracted mileage allowance, an excess mileage fee will apply for each additional kilometer driven. We recommend selecting a mileage package that realistically reflects your driving habits to avoid these charges.
Our leasing approval process considers your credit history, income stability, and other financial factors. For businesses, we evaluate company financials and operational history. Our advisors can provide specific guidance based on your situation.
We offer comprehensive maintenance packages that cover regular servicing and repairs. These can be included in your monthly payment for simplified budgeting. If you opt out of our maintenance package, you’ll be responsible for maintaining the vehicle according to manufacturer recommendations.
Yes, all leased vehicles must be insured. We offer optional insurance packages that can be included in your monthly payment, or you can arrange your own coverage that meets our minimum requirements.
Minor modifications that don’t affect the vehicle’s value or performance may be permitted with prior approval. Significant modifications aren’t allowed as they can impact the vehicle’s warranty and residual value.
Early termination is possible but may involve additional costs. Options include paying the remaining lease balance, transferring the lease to another qualified individual, or trading in for another vehicle. Our leasing advisors can explain these options in detail.
At lease end, you can return the vehicle and lease a new one, extend your current lease, or purchase the vehicle at its predetermined residual value as stated in your lease agreement.
Yes, we conduct a thorough inspection to assess the vehicle’s condition when returned. Normal wear and tear is expected and accepted, but excessive damage or wear may result in additional charges.
Yes, most lease agreements include a purchase option that allows you to buy the vehicle at a predetermined price (residual value) at the end of your lease term.
Normal wear and tear includes minor scratches, small chips, light interior wear, and other signs of regular use. Our lease agreement includes detailed guidelines on what constitutes normal versus excessive wear.
Our team is ready to provide personalized assistance and guide you toward the perfect leasing solution. Let us know when you’re available for a consultation
