What changed in Ontario

Since our last update on October 26, rate moves went in both directions. Toyota and Lexus raised most finance and lease rates by about 0.3 points, while BMW, Ram, Dodge, Mazda, Volkswagen and several GM models cut rates or added cash.

The largest single cut is on the 2026 BMW i5 xDrive40 and i5 M60 xDrive sedans, where 60-month financing fell from 5.99% to 0%. On the i5 xDrive40's $83,900 MSRP, that lowers the monthly payment from about $1,622 to $1,398 before taxes, fees and any down payment. BMW also cut 60-month financing on the 2026 330i xDrive Sedan from 3.99% to 1.99%, on the 228 xDrive Gran Coupe Essential Edition, 430i xDrive Gran Coupe and M440i xDrive Gran Coupe from 5.99% to 1.99%, on the X7 from 5.99% to 3.99% and on the X6 from 5.99% to 4.99%.

Toyota financing went from 2.99% to 3.29% at 36 months and from 5.89% to 6.19% at 72 and 84 months on models including the Camry, Corolla, RAV4, Highlander and 4Runner, and most lease rates rose from 6.99% to 7.29%. On a $40,000 loan over 72 months, that adds roughly $6 a month. The exceptions run the other way: 2026 GR Corolla financing fell from 3.99% to 2.99% at 60 months, and the 2027 bZ Woodland dropped from 5.39% to 3.39% at 60 months, with 48-month leases falling from 6.99% to 4.99%. Lexus GX, LX and LC financing went from 5.7% to 6.0% at 36 to 60 months.

The 2027 Ram 1500 now has 0% financing for 48 months on 13 trims, down from 1.99%, plus new cash of $3,000 to $5,000 and lease cash raised from $3,000 to $6,000 to $8,000 depending on trim. The TRX SRT is the exception, with financing raised to 4.99%. The 2027 Dodge Durango also went to 0% for 48 months and picked up $4,000 to $8,000 in cash, but its 24-month lease rate on GT and R/T trims went from 3.99% to 9.49%.

At GM, 48-month lease rates went from 8.5% to 8.9% on most trucks and SUVs, including the Silverado, Sierra, Tahoe, Yukon, Colorado and Canyon. The 2027 Buick Enclave and GMC Acadia moved the other way, with 24-month leases falling from 8.5% to 6.9%. The 2026 Chevrolet Trax and Trailblazer dropped from 1.99% to 0.99% for 60-month financing, and the 2026 Corvette Stingray now has 0% for 36 to 60 months, down from 1.99%. Chevrolet also added the 2027 Tahoe and Suburban.

Mitsubishi raised 2026 Outlander financing to 4.99% across terms, up from 2.99% at 60 months on most trims, but added $2,478 to $4,055 in cash. Jeep no longer lists the 2025 Compass, Grand Cherokee, Grand Cherokee L and Wagoneer S in its Ontario builder, and Chrysler now offers the Pacifica only as a 2027. Financing on the 2026 Jeep Grand Wagoneer and Grand Wagoneer L fell from 2.99% to 1.99% at 60 and 72 months, and the 2027 models dropped from 4.99% to 3.99% at 84 months. The 2026 Jeep Recon now finances at 4.99% from 36 to 84 months and 5.99% at 96 months, down from 7.99%.

Tesla financing moved from 5.21% to 5.31% on every term from 36 to 96 months across the 2026 Model 3, Model Y and Cybertruck; Tesla lease rates and prices did not change. None of the offers we track list an end date in the coming weeks. Kia was not refreshed for this update.

Kia no longer lists the 2026 Carnival HEV or the 2026 Sportage HEV EX, EX Premium and SX in its Ontario builder. Lease rates on six 2027 Sportage trims fell half a point: 7.19% to 6.69% at 36 months, 7.49% to 6.99% at 48 and 7.79% to 7.29% at 60.