Lease-to-Own is a type of seller financing where a firm provides a loan to their customers directly. Lease-to-Own eliminates the firm’s reliance on the financial sector by providing the customer with funds to complete a transaction. For example, an in-house car loan is an alternative to obtaining financing through financial institutions such as banks.
How does bank financing work?
Bank financing refers to obtaining funds through the traditional methods of banks and other financial institutions. When you purchase a vehicle, the funds lent are from the bank or financial institution that accepts you. You then repay the loan directly to them.
How does the Lease-to-Own Program work?
Our Lease-to-Own program refers to the process of putting our vehicle in your care and control for 2 years while you are making monthly payments that go towards the balance of the vehicle. Once you have finished all your payments we transfer the vehicle to your name or you have the option to trade it in for a new vehicle! Whereas banks can often decline you based solely based off credit score, we take a more personal approach and look at your entire financial situation. We offer a Lease-to-Own Program on select vehicles with NO credit check. In order to qualify for our you must:
- Have a valid Manitoba drivers license
- Live in the city of Winnipeg
- Be currently employed
- Be able to pay the required down payment
Frequently Asked Lease-to-Own Questions
Do you check my credit?
No we do not do any credit checks on our customers. Think of it as a long term rental, with the option to trade in or keep it at the end.
What do I need?
If you can provide us with employment paystubs or proof of income, your valid drivers license, that would be ideal!
How do I qualify?
Because we offer a Lease-to-Own program, we can qualify you for your loan by looking at your complete financial picture — not just your credit score. Everyone’s financial situation is different, and because we offer this program, we can be more flexible when working with you to find a vehicle with a great payment you can manage.
There are a few basic requirements, you must have:
- Have a valid Manitoba drivers license
- Live in the city of Winnipeg
- Be currently employed
- Be able to pay the required down payment
Which vehicles are eligible?
Our Lease-to-Own program is only available on select vehicles. Qualified vehicles depend on our inventory and can vary at times. Below is a list of our current inventory of eligible vehicles.