When you acquire an item through a long-term lease, certain payment terms apply.

Down payment

It is wiser not to leave a down payment (or a "deposit") as long as you have not firmly decided to acquire an item through a long-term lease.

What happens if you give the merchant a down payment and later decide not to lease the item?

As long as you have not signed a lease contract with purchase option that complies with the law, you have not entered into any commitments with the merchant. You may simply be given an offer. The merchant should reimburse this down payment.

If you signed a contract, the merchant could refuse to give you your money back, as you entered into a commitment to lease the item by making a down payment. The merchant could even demand that the contract be honoured or claim damages, meaning a sum of money to compensate for any losses caused by the cancellation.


The merchant cannot ask you to pay more than 2 instalments in advance.

The periodic instalments paid over the leasing period must be equal amounts. Only the final payment can be for a lesser amount. The instalments must also be spread over essentially equal periods (usually once a month).

Security deposit

The merchant may ask you for a security deposit at the time of the contract's signature. This amount must be reimbursed to you at the end of the contract.

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Last update : May 3, 2021

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The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.