Hi everyone,
We’ve moved our blog from WordPress to our main site at http://new.leasebusters.com/blog/
Come on down for the best leasing deals in Canada.
Latest
LeaseBusters Featured in Toronto Star & Wheels.ca
Click to read the full story at Wheels.ca
The pros and cons of ending a lease
It can make sense to get out early but the new lessee must watch out for some curves
Mark Toljagic
Special to the Star
Jun 16, 2010
Bert DeSouza enjoyed driving his 2006 Subaru Legacy GT wagon until a job change that allowed him to work at home meant his expensive Subie would languish in the garage.
It was time to part company — a formidable challenge when you’re leasing.
“I had 11 months left on the lease at $606 per month. Returning it early would have required paying a penalty in the thousands,” says DeSouza.
Like a growing number of Canadians, DeSouza advertised his car and his lease on a lease-takeover “remarketing” website and found a willing second lessee.
To help grease the transaction, he offered the new lessee $1,250 cash and paid the transfer fee (about $400); in return, DeSouza was released from his contractual obligations.
“For the original lessee, it represents an alternative to the tyranny involved with early lease termination where it sometimes feels like the dealer and automaker want a pound of flesh,” says George Iny, president of the Automobile Protection Association.
“Typical cost for an early lease return runs in the $2,500 to $5,000 range — with $10,000 not unheard of for a prestige vehicle or for someone ending a lease in the first year.”
At the same time, used-car shoppers are turning to lease-takeover services to find late-model used cars and trucks as an alternative to scanning the classifieds and looking online for used vehicles to buy.
“Savvy people are using the site,” says DeSouza. It’s especially useful if you’re looking for luxury vehicles or hard-to-find specialty models, he notes.
Mississauga-based Leasebusters.com pioneered the lease takeover concept in 1990 and dominates the market today.
“Car Guy” Switches Audi S4 for a BMW M3
Jacob W. is a ‘Car Guy’. He loves to get a new vehicle as often a feasibly possible. One day he decided that he was bored with his Audi S4 and it was time to get something new.
See All Audi Canada Lease-Take-Over Deals
Jacob has a friend who drives a convertible and uses LeaseBusters.com every fall to find a winter ride. He suggested that Jacob start looking on the website for some of the amazing deals to be had.
After looking at the huge selection of sports cars available, Jacob decided to investigate what it would take to get out of his Audi lease. He filled out the online lease evaluation form and was contacted by Cheryl, one of the LeaseBusters evaluation team. Cheryl advised Jacob that his lease package was attractive, due to the low payment, short term remaining and ample kilometres left to drive. Jacob took the plunge and engaged LeaseBusters to help him move his Audi.
Within a few days, Jacob had several emails and a few phone calls from interested parties wanting to look at his car. He had made a down payment when he took the lease and had offered his security deposit as an incentive to make his lease package even more attractive. The first person who saw the car decided the deal was too good to pass up and a verbal agreement was reached.
LeaseBusters.mobi is now Live!
LeaseBusters.mobi on a BlackBerry 9000
We just launched a mobile version of LeaseBusters.com at LeaseBusters.mobi.
No apps to download and its available on any web-enabled cell phone.
It’s a scaled down version of the main site for now. We’ll be adding extra features over the next few weeks.
Check it out and let us know what you think?
Ford of Canada – Lease Deals
We always have a huge selection of “Almost-New” Ford models, including the popular Focus, Fusion, Taurus, Escape, Flex, Explorer, Edge and F-150
Click the links below see all of our Ford Deals
See all Ford Canada Lease-Take-Overs or Search for a Lease-Take-Over
Ford Used Cars for Sale or Search for a Used Car
Ford Canada Factory and Dealer Demos or Search for a Factory or Dealer Demo
Ford Leasing Deals
Chrysler Canada – Dodge Lease Deals
We always have a huge selection of “Almost-New” Dodge models, including the popular Caliber, Charger, Challenger, Ram Pickup, Nitro and Grand Caravan
Click the links below see all of our Dodge Deals
See all Dodge Canada Lease-Take-Overs or Search for a Lease-Take-Over
Dodge Used Cars for Sale or Search for a Used Car
Dodge Canada Factory and Dealer Demos or Search for a Factory or Dealer Demo
Dodge Leasing Deals
Endras BMW – Premium Pre-Owned Vehicles
Formerly know as BMW Durham, we are one of Canada’s newest and largest BMW dealers, conveniently located in Ajax, just east of Toronto, right off the 401.
Click here to browse through our current inventory posted on LeaseBusters
We also have a large selection of certified pre-owned vehicles on our main website
Please visit our Endras BMW website by clicking here
For new car information, parts or service please visit our Endras BMW homepage by clicking here
Check us out on Facebook
Canadian Audi Leasing Deals at LeaseBusters.com
We always have a huge selection of “Almost-New” Audi models, including the popular A3, A4, A5, S5, A6, Q5 and Q7
Click the links below see all of our Audi Deals
See all Audi Canada Lease-Take-Overs or Search for a Lease-Take-Over
Audi Used Cars for Sale or Search for a Used Car
Audi Canada Factory and Dealer Demos or Search for a Factory or Dealer Demo
Audi Leasing Deals
Halton AutoLease – New & Pre-Owned Leasing
Halton Autolease has been a loyal affiliated dealer of LeaseBusters for over 10 years, offering professional and courteous service to a large number of LeaseBusters customers.
We have no hesitation in referring our customers to Joe DiTomaso and his team at Halton AutoLease.
————————-
Halton AutoLease is proud to be in operation in Ontario since 1988. As a family owned and operated company we strive to provide the most comprehensive commercial & personal auto leasing solutions for small, medium, and large institutions as well as individuals.
By staying abreast of manufactures program and incentives, used car resale values and customer’s experiences with various types of vehicles, we have accumulated a wealth of expertise, which we use in helping our customers select the right car or truck for their needs.
Halton Autolease is a specialist in used and commercial vehicles. We find that many of our clients are now interested in previously owned vehicles to meet their needs or want to lease back vehicles which they already own in order to free up capital or redirect bank funding.
Canadian Chevrolet Leasing Deals at LeaseBusters.com
We always have a huge selection of “Almost-New” Chevrolet models, including the popular Equinox, Silverado, Malibu and Camaro
Click the links below see all of our Chevrolet Deals
See all Chevrolet Canada Lease-Take-Overs or Search for a Lease-Take-Over
Chevrolet Used Cars for Sale or Search for a Used Car
Chevrolet Canada Factory and Dealer Demos or Search for a Factory or Dealer Demo
2010 Chevrolet Malibu LTZ
