Usually, car leases last for around three to four years. Besides the monthly lease fee, you’ll also have to pay some extra upfront to cover taxes, dealership fees, and other incidental costs. Unless you have tens of thousands of dollars available, you’ll have to apply for a Newfoundland, Halifax, or Nova Scotia auto loan to pay for the vehicle. The lender (usually the bank) owns the car until you pay off the loan amount in full.