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Hire purchase : A popular loan scheme wherein a buyer makes monthly payments to the car and eventually owns it at the end of the term upon full payment. Novated lease : A three-way agreement between you, your employer, and a financier, where leasepayments are made from your pre-tax income.
Tesla now offers lease buyouts, something every other automaker has been doing for years. Leasing a Tesla could be smart if you don’t qualify for the $7,500 federal EV tax rebate. Breaking Down LeasePayments Let’s break this down further. If the APR were 9%, you’d pay $781 a month.
counterpart, and some controversial provincial decisions concerning pulling support for EV rebates. We are a payment-driven consumer body for the auto market in Canada. In 2024, the Quebec government said it wants to eliminate all its provincial rebates by 2027 and is phasing them out every year until then.
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