Cars for lease right now
Real lease takeovers from Canadian drivers, newest first.
45 current listings, from $331 to $1,688 a month (updated October 18, 2026)
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There are two ways to get a car on lease: sign a new lease with a dealer, or take over a lease from a driver who wants out. Here is how they compare, what they really cost, and the cars for lease right now.
Real lease takeovers from Canadian drivers, newest first.
45 current listings, from $331 to $1,688 a month (updated October 18, 2026)
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Quick answer: A new lease gives you a brand-new car for a full two to four year term, usually with money down. A lease takeover gives you a car that is already on the road, with no new down payment and only the months that are left. Either way, the leasing company must approve your credit.
| New lease from a dealer | Lease takeover | |
|---|---|---|
| Car | Brand new, any trim and colour the dealer can get | Already on the road, chosen from what drivers list |
| Term | A full term, usually two to four years | Only the months left on the contract |
| Upfront cost | Often a down payment, plus fees and the first payment | No new down payment; the leasing company's transfer fee |
| Payment | Set by today's dealer offer | Set by the original contract, sometimes with a seller incentive |
| Approval | Credit check by the leasing company | Credit check by the same leasing company |
If you want a specific new model, a dealer lease is the only way. If you want a shorter commitment, or you would rather skip the down payment, a takeover is usually the cheaper way to get a car for lease. See how a lease transfer works.
The advertised payment is rarely the full cost. Add tax, spread any fees over the months you will drive, and subtract any cash a seller gives you. Use the same formula for a takeover and a new lease:
Effective monthly cost = (payment with tax × months left + lessor's transfer fee − seller's cash incentive) ÷ months left
Tax is charged on every lease payment and depends on where the car is registered:
| Province | Tax on each lease payment |
|---|---|
| Ontario | 13% HST |
| Quebec | 5% GST + 9.975% QST |
| British Columbia | 5% GST + PST from 7%, higher for more expensive vehicles |
| Alberta | 5% GST only (no provincial sales tax) |
For a new lease, count the down payment too: divide it by the number of months in the term and add it to the monthly figure.
Honda · Toyota · Ford · Hyundai · Mazda · Chevrolet · BMW · Mercedes-Benz
Some dealers and leasing companies lease used vehicles, but it is less common than leasing new. Taking over an existing lease is the usual way to get a used car on lease. See can you lease a used car in Canada.
The leasing company runs a credit check on the person taking over, just as it would for a new lease. If it declines you, the transfer does not go ahead.
Usually a takeover with a low payment, no down payment and a seller cash incentive. Compare options on effective monthly cost, not on the advertised payment.
New leases normally run two to four years. A takeover with 6 to 12 months left is the practical way to get a short lease.
Last checked October 18, 2026.