Financial Services

Acting as signing officers for most major chartered banks and financial institutions, we are able to present you with all available financial options and opportunities. Jim Pattison Toyota Surrey offers these options through the following Financial Institutions and Lenders.

Toyota Financial Services
TD Canada Trust
Royal Bank
Scotia Bank
Bank of Montreal

How Leasing Works

Leasing offers the advantage of little or no down payment and low monthly payments. Leasing can allow you to drive a better equipped vehicle than you might have been able to purchase using cash or a standard loan. Leasing usually results in lower monthly payments than purchasing over the same term. Generally, leasing is a win-win for most drivers. The exceptions are those who want to keep their vehicles longer, or who put many kilometers on their vehicles each year.

Benefits of leasing your next vehicle:

Lower monthly payments
Flexible options
Guaranteed future value
Terms to suit your needs
Enjoy the pride of ownership without all of the risk!
New and Used Vehicle Leasing
All Makes and Models
Personal, Business and Fleet

How Financing Works

When you purchase a vehicle with a loan, a financial institution pays the selling dealer on your behalf; in return you agree to pay back the money borrowed over a specified period of time (typically up to five years). The amount of money borrowed is referred to as the "principal." The amount of money you contribute up-front is referred to as the "down payment" and usually varies from 0% to 20% of the purchase price of the vehicle. You can often purchase a new vehicle without a down payment (if you qualify). The financial institution will charge you "interest" for the use of their money. The rate of interest varies depending on a number of factors such as the amount of money it costs the lender to obtain the money, your credit history, your time on the job, your time at your current residence, and other factors affecting the lender's view of the level of risk your personal situation represents.

Benefits of financing your next vehicle:

You have ownership and equity in the vehicle.
Your monthly payments are working to purchase that vehicle and it's yours to sell or keep as long as you wish. Monthly payments are generally higher than with a lease.
Control over your vehicle. You can customize the vehicle and add special features.
Maximum flexibility regarding the number of kilometers you drive; no kilometer limits.
You determine how long to keep your vehicle.