Leasing Alternatives & Flexibility

Leasing is a distinctly different and truly unique form of vehicle financing when compared to the traditional alternative of debt financing. Leasing provides a fundamental basis for individual and business financial decisions by offering the use of a vehicle(s) over time at a lower cost per month thereby allowing better use of available cash for other purposes. This is especially important for businesses with small fleets which require the flexibility to change vehicles every three to four years or as employees depart from the company.

Acquisition Cost and Taxes

With leasing, the lessor acquires the vehicle essentially tax-free with taxes collected on the monthly lease payment over the term of the lease. With a loan, all taxes are paid in full up front with interest calculated on this amount including the tax. With leasing, unless you elect to purchase the vehicle on lease expiry, you never pay taxes on the residual value, therefore reducing the tax you pay.

Lease Payment

Leasing programs are based on the anticipated use of the vehicle over a given time period, measured in months and, as such, the vehicle is depreciated to a value which reflects this use rather than being written down to "zero balance" as with a car loan. As such, lease payments can be up to thirty percent (30%) per month lower than loan payments permitting you the choice of leasing a much more expensive car for the same payment as a traditional loan.

Types of Leasing Programs

Basically there are two types of leases; the closed end "walk away" lease and the open end or finance lease. Both have distinct characteristics, benefits and advantages. The differences include the allowable kilometer use and whether the lessee participates in the profit or loss on the sale of the vehicle at the end of the lease. It is important that you understand the differences between these two types of leases before you enter into a lease contract. We offer "Open-Ended" leases with terms up to 48 months.

New or Pre-Owned Vehicles

Bodkin Leasing Corporation offers the choice of any make and model of new or pre-owned vehicle with leasing rates designed to meet most budgets. You will have confidence knowing that Bodkin Leasing Corporation has the expertise, experience and resources necessary to source the correct vehicle at the right price!

One-Stop Service

Your Bodkin Leasing representative will explain and help you choose the leasing program which best suits your needs. They will provide objective and independent guidance in vehicle and options selection, warranties and aftermarket services. Once you have made your choice, your leasing representative will arrange to acquire, license, install aftermarket products or warranties and accept your current vehicle as a trade in at a fair wholesale value in an "as is" state and apply the proceeds, sales tax free, to the acquisition cost of your new vehicle. In addition, we will arrange for your new vehicle to be delivered at a location convenient to your home or business.

No Hassles!

Leasing from Bodkin Leasing Corporation is a convenient and "hassle-free" means of obtaining a new or pre-owned vehicle quickly and at competitive rates of financing. Your Bodkin leasing representative is both your partner and your advisor in making decisions best suited to your specific needs and requirements without the complications and challenges of dealing in a retail environment.

Simplicity and Peace of Mind

Leasing through Bodkin lets you deal with confidence knowing that your new vehicle is backed by the manufacturer's warranty.

Let the staff at Bodkin Leasing provide you with the level of service and satisfaction you deserve.