Can I lease anything?
Generally, if it has wheels, we lease it. At RFL we don’t restrict our customers to a specific type of vehicle. If it is new or used on a dealer’s lot, or you would like us to find it for you, we can help. And our customers can take cash back on their equity by converting any of their currently owned vehicles to leases.

Can I buyout at any time?
Yes you can. At RFL you can call any time during your lease to ask our business manager for a payout. The process is simple. We take the remaining monthly payments (before tax) and add this to the buyout option on your contract. We then credit you interest because you are paying it out early. It’s the same principal as the bank, but because it’s a lease you haven’t paid the rest of the tax.

I drive a lot of kms. Should I lease?
Not leasing because you drive to many kms is one of today’ big misconceptions. In actuality, a lease structured properly is one of the best ways for a consumer to fully protect themselves. The fact is, most high mileage drivers will end up locking themselves into a long finance contract just to get a payment that fits their budget (not to mention the extra taxes they pay). Consequently, many high mileage drivers choose a 48-60 month term even thought they don’t intend to keep their vehicles that long. Trying to trade their vehicle back in and finding out that they owe more than it is worth is not fun for any consumer. Ever heard of negative equity? At RFL our account managers will show you how a lease can offer you a similar or lower monthly payment than a long term finance, and the peace of mind to change your vehicle when you need to.

Is leasing more expensive?
If your lease is structured properly it works out to approximately the same, or even less (depending on the interest rate). The big question you need to ask yourself is: Do you want to keep the vehicle at the end of the lease or not? Because most customers usually trade their vehicles every 3-4 years a lease usually works out to be the lower overall cost of driving. AT RFL our account executives can even structure a lease with a $1 buyout to give you the best of both worlds.

What about a down payment? Does it make sense?
For some customers yes, for others no. At RFL we make sure that if the money our customers put down goes directly into lowering their monthly payments. Another benefit is that a down payment can help you, the customer, reduce your lease term while saving interest and maintenance costs while having a payment that fits your budget. Furthermore, it gives you more control over the entire cost of driving then you’ve ever had before.

How much up front will it cost me?
If your credit is approved, all you will need is the 1st payment, security payment, normal license fees, and a small administration fee. In situations where a customer does find it advantageous to put money down we waive the security deposit.

Why do people lease?
People lease for many different reasons, but for most it’s the ability to give themselves a lower monthly payment, more vehicle for their budgeted monthly payment, and a shorter term and commitment. AT RFL we will give you a complete lease to finance comparison to help you answer any questions you might have, and to assist you in coming to your own conclusion. Make sure you go to our directory in “About RFL” to pick an account executive to help you.

How do I determine my wants and needs?
The best way to do this is to let one of our account executives ask yo a few questions. Here are some that traditionally help:

Have you ever leased before?
How long do you like to keep an automobile?
How many kms do you anticipate driving?
What is your budget?
What do you like most about your present vehicle and would love to keep in you new vehicle?
What do you like least about your present vehicle and want to change?
Do you foresee your wants and needs changing in the next 2-3 years?
Do you think you will keep the vehicle at the end of the lease?