Auto financing and credit in Calgary | Precision Hyundai
New to Canada or have a poor credit rating?
Ask about our credit rebuilder program.
Lease | Buy |
Ownership | |
Lessor owns the vehicle during lease term. Pay for use during lease term. | Ownership of vehicle is the name of the customer. Lien registered by lender until paid in full. |
Payment and taxes | |
Lease payments based on portion of vehicle's value used during the lease term. Taxes calculated on monthly payment. | Entire purchase price of vehicle is paid for upfront (including taxes which are calculated on purchase price). |
Customization | |
Done at time of acquisition through dealer. | Can be customized at any time with any brand or accessory. |
Mileage | |
Mileage options selected before lease start. Option to purchase additional Km's at lease inception, excess mileage charges may apply. | No mileage limits. |
Maintenance | |
Regular maintenance of vehicle needs to be kept up. | Greater expense for repairs when maintenance is not done regularly. |
Guaranteed asset protection (GAP Insurance) | |
Protected against total loss of vehicle included in the lease. | In event of total loss, insurance company pays out the market value of vehicle. Can be a difference between what is owned and what is paid out. |
End of term | |
Lease customers can purchase the vehicle, or return it and lease/finance a new one. | At the end of the term, the customer owns the vehicle. Can keep it or trade it in. |
Consideration for insurance | |
Lessees must have min of $1 million in liability insurance. Lessor must be listed on the policy. | Insurance is in name of vehicle owner. Insurance coverage will be recommended by owners insurance company. |
Instructions
Applying for a car loan at Precision Hyundai is very simple. All you have to do is fill out the auto finance application form on this page and the (optional) comprehensive auto loan form that follows for even faster approval. Once your request has been received, you will be approved within 20 minutes in most cases, during our business hours. At Precision Hyundai, we offer you an ultra personalized credit approval service. Your car loan is waiting for you! For super-fast service, you can also apply for car credit by phone at 403 243-8344.