• Preowned

Ensign Pacific

216 W. 2nd Ave.
Directions Vancouver, BC V5Y 1C6

  • Sales: 1 (866) 979-1741

Lease Types

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Lease Types

Open End Wholesale Lease Agreement

This lease is the most popular and flexible contract that we offer.

The lease is predicated on the acquisition cost or Agreed Value of the vehicle. By gathering information from you, we will structure a lease with the Residual Value and Monthly Payments best suited your needs.

Advantages

  • We can acquire any vehicle at dealer cost less manufacturer incentives and fleet rebates
  • Depreciation schedule included on the front of the contract so you can calculate residual value for any month over the term
  • Lease can be terminated at anytime after the first twelve months without penalty
  • No kilometer restriction
  • No vehicle damage penalties
  • Lease is assumable
  • Option to extend Lease at the end of original term
  • Option to purchase vehicle for residual value anytime after the first twelve months to the end of the term
  • Option to sell the vehicle to a third party at anytime after the first twelve months to the end of the term
  • Any proceeds from the sale of the vehicle will be redirected back to the client

Close End Wholesale Lease Agreement

This is a more traditional lease contract that mainly caters to companies but doesn't exclude individuals.

This lease agreement is generally for those who want to lease a vehicle for a fixed period of time. At the end of the term, you may return the vehicle back to the lease company.

Advantages

    • We can acquire any vehicle at dealer cost less manufacturer incentives and fleet rebates
    • No financial obligation for vehicle residual value at end of lease term
    • No responsibility of vehicle disposal at end of lease term
    • Fixed vehicle operating cost over lease term
    • Full Maintenance Package can be added and included in this lease
    • Lease is assumable
    • Clients can extend Lease at end of original term