Car Lease with options to buy.

Charges for file opening : $200.00 plus tax
Deposit 40% of the car value.
Redemption at the end of the lease $199.00 plus tax .
The interest rate is 21%.

---

 

Information required for "lease with option to buy" approval.

Having a job for last 12.
T4 of the previous year.
Last week pay stub.

---

On Delivery.

A series of checks for the whole rental agrement.
Proof of car insurance.

---

 

Sample for car lease with option to buy.

Rental value of    $2995.00

                                                        GST       QST         Total

Original deposit             $1198.00  $59.90  $94.34  $1352.24

Fees                                $200.00  $10.00  $15.75    $225.75

On delivery                                                               $1577.99

---

Choice of financing.

                                         Monthly     GST       QST       Total

Option # 1
Financing for 6 months     $337.25  $16.86  $26.56  $380.67

Option # 2
Financing for 12 months   $167.33  $8.37   $13.18   $188.87

Option # 3
Financing for 18 months   $111.27  $5.56    $8.76    $125.60

BuyBack:
At the end of lease          $199.00   $9.95  $15.67     $224.62

Payable every month for the next term leases (series of check required).
Transfer paper at the end of lease.

(subject to approval)