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.


ACQUISITION COSTS TAILORED
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

FLEXIBLE TERMS
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

HASSLE-FREE IS THE OPERATIVE WORD
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

LEASE, THEN BUY
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.

AND, THE FLIP SIDE…
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.

LEASING QUESTIONS?

ASK US

ASK US

LEASING QUESTION?

ASK US

ASK US

HAVE MORE QUESTIONS ABOUT LEASING? 

ASK US

HAVE MORE QUESTIONS ABOUT LEASING? 

ASK US

HAVE MORE QUESTIONS ABOUT LEASING? 

ASK US

LEASING QUESTIONS

ASK US

Can I lease a pre-owned vehicle?

NCF only offers leases for new Nissan vehicles. However, your local Nissan dealer may offer pre-owned leases for Nissan and Infiniti vehicles.

How can I contact you by mail?

Nissan Canada Finance
5290 Orbitor Drive
Mississauga, Ontario
L4W 4Z5
Attention: Customer Service

How can I contact NCF by phone?

If you are calling from Eastern Canada (Ontario, Quebec, New Brunswick, Nova Scotia or Newfoundland) you can contact NCF at 1-800-268-6499.

If you are calling from Western Canada (Manitoba, Saskatchewan, Alberta, British Columbia, Yukon, Northwest Territories, or Nunavut) you can contact NCF at 1-800-268-0764.

NCF Customer Service is available Monday through Friday, from 9:00 a.m. to 8:00 p.m., Eastern Standard Time.

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

Yes, please contact NCF at 1-800-268-6499 (Eastern Canada) or 1-800-268-0764 (Western Canada). If your insurance company is issuing a cheque that NCF must endorse, copies of the insurance estimate and the repair bill showing the completed repairs are required. A representative of our Insurance department will provide you with the details.

How much can I get for my trade-in?

It depends on a number of factors, including the vehicle model, year and condition. You can also get a general idea of your car's worth by checking independent car value guides. However, a vehicle survey by your Nissan dealer is always necessary to determine whether that Nissan dealer is willing to accept a trade-in and what the final trade-in value will be.

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

The credit bureaus will help you investigate any issue in your credit file. You may contact them at:

Equifax Canada Inc.
1-800-865-3908

www.equifax.ca

TransUnion of Canada Inc.
1-866-525-0262 for residents of Canada, except Quebec
1-877-713-3393 for residents of Quebec

www.tuc.ca

Can I change the due date on my account?

Contact our Customer Service Department to verify that your account is eligible and to determine the terms for a payment due date change. If eligible, you may make a written or verbal request to process the due date change. You may reach a Customer Service Associate by calling 1-800-268-6499 (Eastern Canada) or 1-800-268-0764 (Western Canada), Monday through Friday, from 9:00 a.m. to 8:00 p.m., Eastern Standard Time.

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

Yes, please mail or fax your request along with a copy of the cheque for the new account-marked "VOID" to NCF. Please ensure the cheque is fully MICR encoded as we cannot accept handwritten account number information.

NCF will only accept cheques drawn on accounts in the name of the lessee/lessees on the agreement and we cannot accept those drawn on lines of credit or credit cards. If you wish to have the payments taken from a business account not listed as a lessee on the account, you must provide full business signing authorities to support the request.

Can I skip or defer the payment on my account?

Your account may qualify for a payment extension. Please contact our Customer Service Department at 1-800-268-6499 (Eastern Canada) or 1-800-268-0764 (Western Canada), Monday through Friday, from 9:00 a.m. to 8:00 p.m., Eastern Standard Time.

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

If you cannot afford to make your lease payments, contact NCF or your dealer immediately. Depending on your circumstances, they may be able to adjust your payments or help you get into a more affordable vehicle.

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

Subject to credit approval, yes. If you would like to have another party assume the payments on your existing contract, that party would submit a credit application through the local Nissan dealer to NCF for review. Be aware that if the applicant is approved, you are not released of your contractual obligation and will remain on the contract as guarantor. After the credit approval, NCF will send the Nissan dealer an Assignment and Assumption Agreement to be signed by all parties and add the applicant to your contract. Please contact our Customer Service Department for more information. You may reach a Customer Service Associate by calling 1-800-268-6499 (Eastern Canada) or 1-800-268-0764 (Western Canada), Monday through Friday, from 9:00 a.m. to 8:00 p.m. Eastern Standard Time. A $750.00 plus GST and applicable provincial taxes fee is applicable for each Assignment and Assumption.

What happens to my lease if I move?

Please send written verification of your legal name change, such as marriage license or divorce decree to:

If you are moving, please notify NCF Customer Service of your new address and telephone number by calling 1-800-268-6499 (Eastern Canada) or 1-800-268-076 (Western Canada) 9:00 a.m. to 8:00 p.m. Eastern Standard Time. Your NCF lease agreement prohibits the removal of the leased vehicle from the Canada for more than 30 days without the express permission of NCF. Please contact Customer Service for further information.

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

Please send written verification of your legal name change, such as marriage license or divorce decree to:

Nissan Canada Finance
5290 Orbitor Drive
Mississauga, Ontario
L4W 4Z5
Attention: Customer Service

How is my payment amount determined?

Your payment amount is determined by the sum of the Rent Charge and the depreciation and any amortized amounts over the term of the lease. Except in the case of a single-payment lease, these amounts are totalled and divided by the Lease Term. Any applicable monthly taxes are then added.

Will my late payment be reported to the credit bureau?

NCF is obligated to report any payment received more than 30 days past the due date.

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

There are several factors that might affect your payment amount. The most common cause is change in the tax rate. If the tax rate changes in your city, region or province, this will affect the sales tax portion of your monthly lease payment. If you have recently relocated to another province, this may also affect the amount of your monthly payment.

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

NCF requires that all lease and loan clients make their regularly scheduled monthly payments by Pre-Authorized Payment Plan (PAPP) by providing a cheque from your account marked VOID. PAPP is convenient, economical (no postage fees) and ensures that your payment will go through on the correct date each month. Prior approval from NCF is required for any exceptions. Payments other than the regular monthly payment may be sent to:

Nissan Canada Finance
5290 Orbitor Drive
Mississauga, Ontario
L4W 4Z5
Attention: Customer Service

Please ensure to include your account number on the cheque for easy identification.