DISCOVER FINANCING & LEASING OPTIONS FROM REGENCY AUTO
As part of Regency Auto’s commitment to total customer satisfaction, we also offer competitive financing and leasing plans for all our dealerships. Our plans are flexible to meet your individual needs, and we make sure to explain everything so that you can make an informed decision.
We allow full or partial early payments without penalties, and provide easy, automatic withdrawals with our Direct Payment Plan. We also use the simple interest method to calculate daily interest charges, which is the fairest of all interest-calculating methods.
So if you're searching for an auto loan in Vancouver, Burnaby, Richmond, Coquitlam, or West Vancouver, know that you’re making the right choice when you choose Regency Auto for all your auto-financing needs.
Get Pre-Approved Today
If you're interested in an auto loan from us, then get started right away by filling out our simple and secure online finance application. Our finance professionals will review your application and contact you shortly.
Financing vs. Leasing
Choosing between financing and leasing your next vehicle can be confusing, especially if you don’t completely understand the differences between the two. Here’s how the two auto loan plans work:
- Financing: When you choose financing, it's essentially the same as a mortgage except the loan is on a vehicle instead of a house. You plan on purchasing the vehicle, but instead of paying the entire cost upfront you pay off the cost in smaller payments (usually monthly). You typically make a down payment, which can lower your monthly payments, and you pay an interest rate determined by your loan company based on your credit score. You’re given the option of selling or trading in the vehicle based on its depreciated resale or trade value.
- Leasing: Leasing means you don’t initially intend to purchase the vehicle, but instead are only "renting" it for an extended period of time. You pay only for the vehicle’s depreciation during your tenure with it, and you don’t typically make a down payment. Instead you make monthly payments (along with sales tax) along with a financial rate, called a "money factor," that is similar to interest on a loan. You may also be required to pay fees and possibly a security deposit. At the end of your lease, you may either return the vehicle or purchase it at its resale value.