For starters, there are two basic lease types: open-end and closed-end. With an open or closed-end lease, the residual value of the vehicle is established at the onset of your lease. And unlike an open-end lease, a closed-end lease residual value is guaranteed by NCF, and is the responsibility of, the leasing company upon its maturity. With an open-end lease, you (the lessee) assume responsibility for the vehicle’s residual value at the end of the lease. For your protection and peace of mind, all NCF leases are closed-end. We assume the risk. So if the market value is higher than the residual value we have established, and you decide to purchase the vehicle, you come out ahead. If the market value is lower, you are protected.

Our lease program allows for 24,000 km of driving per year. That’s about what the average Canadian drives in a year. If you’re a high-use driver and expect to exceed the standard lease’s 24,000 km yearly limit, you may find it more economical to buy extra kilometres upfront.

It's the difference between paying 8¢/km in the beginning and 10¢/km at maturity. And that's yet another way your Nissan Dealership can tailor the lease to meet your needs.

With a lease, you may not have to make any down payment at all.* Or, you can tailor the down payment to suit your situation. We hasten to add here that making a down payment will lower your monthly lease payments

We offer lease terms between 12 and 60 months. Choose a short-term lease and every one, two or three years, you’ll enjoy the ride in a brand-new Nissan. So if you’re the kind of person who likes change, you can change cars more often. And if these changes are in your job or family, a short-term lease lets you switch vehicles sooner to accommodate the change

You won’t have to put up with the hassle of trading or selling the vehicle –ever. Plus, we protect you by assuming the risk if the used car market value of your vehicle turns out to be lower than established. Assuming the vehicle is within the kilometre limit set out in the lease agreement and has no abnormal wear and tear, you can simply return the vehicle to us at lease maturity. No more waiting by the phone, haggling over the price, or getting it certified

Purchasing the vehicle at the end of your lease is yet another option you may wish to consider. Because by this time you will not only like the car, you’ll also be familiar with it.

Attractive as leasing may be, there are some considerations you may wish to weigh with regard to your personal requirements. For instance, at the end of your lease you won't have ownership of the vehicle. It’s like renting an apartment.

You are also responsible for excess wear and tear to the vehicle. That means serious dents, cracked windows and damaged mechanical or electrical components, for example, must be repaired when you return it to us. All or part of which will come out of your security deposit.

*On Approved Credit and no matter what your down payment, you are responsible for the first month’s lease payment (plus taxes) as well as a security deposit (normally equal to approximately one month’s payment, including taxes). The security deposit and first month’s payment are payable when you take delivery of the vehicle.







Can I lease a pre-owned vehicle?

How can I contact you by mail?

How can I contact NCF by phone?

Do I have to notify NCF if my lease vehicle was involved in an accident and sustained damage?

How much can I get for my trade-in?

There is an entry on my credit report from NCF. Whom do I contact?

Can I change the due date on my account?

Can I change the account for my pre-authorized payment?

Can I skip or defer the payment on my account?

What if I can no longer afford the payments on my lease account?

Will NCF allow another party to take over the payments on my account?

What happens to my lease if I move?

My name recently changed (marriage, divorce, etc.). How do I update the name on my lease?

How is my payment amount determined?

Will my late payment be reported to the credit bureau?

Why is the payment due this month different from my regular payment amount?

If paying by cheque, where should I mail my payment?