How It Works

When you find art you’d like to buy,

1. check out our payment calculator for an estimate of monthly payments

2. submit a leasing application online (personal application form or business application form) or contact us directly

3. complete your lease agreement forms – we’ll purchase your art and start processing your monthly payments

4. pick up your new art (or have it shipped to you) and at the end of your lease, it’s yours to keep

 

Common Questions
Who can lease art?
Canadians with good credit ratings are eligible to finance their art purchases with us. We have art leases designed for individual buyers as well as for businesses.

What art is eligible for leasing?
We can finance the purchase of any art available for sale from a commercial gallery or an individual artist in Canada or internationally.

Is art leasing different from an art rental?
Yes. When you lease to purchase art, you receive the art now and pay for it over time. At the end of the lease, you own the art. When you rent art, you make monthly payments but you never own the art.

What lease amounts are available?
Typically, the pre-tax price of the art we finance ranges from $1,000 to $25,000. For leases larger than $25,000, please contact us for a quote.

How many pieces of art can I include in one lease?
Our leases can include one or more pieces of art at a time.

What are the options for monthly lease payment amounts?
The payment calculator on our website can give you an estimate of monthly payment options. Enter the pre-tax price of the art into the calculator to see the approximate payments for varying lengths of leases. Our leases range from 12 to 60 months.

Can I be pre-approved for a lease even if I have not yet selected a piece of art?
Yes. Simply complete our lease application, entering the maximum amount you would want to spend. Send the application to us. We’ll process your application and contact you with payment options.

How do I apply for art financing?
Complete the lease application (for individuals or businesses) and send it to us. We’ll prepare all of the paperwork and look after purchasing your art for you. When you pick up your art, we’ll begin processing your monthly payments.

How do I make lease payments?
Your monthly lease payments are made by pre-authorized payments through your bank. The monthly payment date is usually the day you receive your art, but we can accommodate another date of the month if needed.

When do I receive my art?
As soon as your lease application is approved, we’ll purchase your art for you. You can then pick it up at the gallery (or from the artist, if you are buying directly from the creator of the work) or make arrangements to have it shipped to you.

What tax rate do I pay on lease payments?
The tax rate is based on the province where the art will be kept. For example, if you live in Ontario but purchase art in British Columbia, the Ontario tax rate will be used for your lease payments.

Are lease payments tax deductible?
Yes and no. If the art is a valid business expense for your company, the lease payments are 100% tax deductible. If the art is for your personal use, the lease payments are not tax deductible.

How long does it take to put together an art lease?
Once we get the application, the leasing arrangements and art purchase can often be completed within one or two business days.

Is there a buyout payment at the end of a lease?
Yes. There is a small buyout amount at the end of the lease. When it is paid, we transfer ownership of the art to you. Generally, the buyout amount ranges from $25 to $50, depending on the original pre-tax price of your art.

What happens if the art is damaged while I have it on a lease?
Under the financing agreement, you are responsible for the art you are leasing. Therefore, the lease requires that you include the art in your insurance policy. In the event the art is damaged or destroyed, you are responsible for the lease payments until the end of the lease, unless your insurance covers the amount.