Need a short-term auto lease in the Cambridge area?

Are you looking for a short-term auto lease in the Cambridge area? There are many reasons why short-term auto leasing is worthwhile. You may have landed a one-year gig in Toronto or anywhere in Ontario and need reliable transportation soon. Or maybe you’re someone who thrives on the thrill of driving a brand-new car every year. Whatever your motive, Legacy Auto Credit is here to cater to your car leasing needs.

Benefits of a Short-term Car Lease

Short-term car leases benefit individuals or businesses who prefer flexibility and lack long-term commitments, particularly those offered by Legacy Auto Credit in Ontario. Here are some of the advantages and who might benefit from them:

Flexibility (minimum 3 months): Short-term car leases typically range from a few months to a year, allowing lessees to change vehicles more frequently as their needs or preferences change. 

Who can benefit from a Short-Term Auto Lease?

Contract workers

Traveling Nurses, Doctors, and Medical Reps

University staff: temporary Professors

Companies needing vehicles for temporary staff

New immigrants to Canada

International students

Anyone with poor credit

Lower Financial Commitment: With our Short-term lease your commitment is a minimum of 3 months with our early opt out option on a 12-month lease. You are not required to pay the remaining payments on the lease to return the vehicle early like what is required on a long-term lease. 

Access to Newer Models: Short-term auto leases allow you to drive newer vehicles with updated features and technology. This appeals to individuals who enjoy access to the latest automotive advancements without the long-term commitment of ownership.

Avoiding Depreciation: When you return the vehicle at the end of the lease term, you don’t have to worry about the depreciation of the vehicle’s value over time. This can benefit you if you want to avoid the financial loss associated with depreciation when owning a car.

Business Use: Short-term car leases can be advantageous for businesses that need temporary transportation methods for their staff. Companies with project-based work, seasonal demands, or temporary staffing often take advantage of short-term vehicle leases. Short-term leasing allows businesses to adapt their vehicle fleet size and type to changing needs without committing to long-term contracts.

Personal Use: Are you in a temporary living situation? Suppose you are a student in Ontario, an expat staying for a few months in Canada or relocating for short-term work assignments, you can benefit from short-term car leases with Legacy Auto Credit. We provide you with the convenience of having a vehicle without the burden of a long-term commitment or the need to sell the car upon leaving.

Sometimes, your need for a vehicle may extend for less than a year. Picture this: you’re in town for a brief stint of 3-10 months. Opting for a lease in such a short time frame might not be the most cost-effective solution. Instead, our Short-term auto lease better suits your requirements, offering more economical terms for the duration needed.

Should your leasing needs extend beyond the 12-month mark, considering a 24-month lease with Legacy Auto Credit might be the way to go. By completing your lease term and settling the remaining payments, you could save compared to renting for the same duration. Here’s a glance at the cost comparison between the two options:

Long-term vehicle rentals in Ontario

Long-term rentals typically cap out at around 11 months, necessitating additional rental periods or vehicle renewals to cover your required timeframe.

Advantages of Long-Term Car Rentals

Choosing a long-term car rental gives you more options. You can get a nice car that’s well taken care of, and it can fit your preferences by walking into a local car rental. Whether driving around the city or going on a long trip, having a car for a long time means using it how you want.

No credit checks with Long-term car rentals

Another good thing about long-term rentals is that they don’t check your credit score. This makes it easier to get a car for a month or even longer if you need more clarification on your credit.

Disadvantages of Long-Term Car Rentals: high costs

But there are also some downsides to long-term rentals. You might only sometimes find the exact car you want available, especially if you’re looking for cheaper options. And even though renting a car for a long time might seem like a good idea at first, it can cost more than other available options.