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Archive for the ‘Driving Radio Show’ Category

“Car Guy” Switches Audi S4 for a BMW M3

Thursday, June 3rd, 2010

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.

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B.C. skier saved over $5,000 getting out of her Acura TL

Sunday, May 23rd, 2010

Nicole N. from Maple Ridge, British Columbia enjoyed fast cars, alpine skiing and being one of the best food brokers in Western Canada. Two years ago Nicole’s employer stopped offering a company vehicle which compelled Nicole to acquire her own vehicle. As a result, she did some vehicle research and with the assistance of some trusted friends and her accountant; she decided to lease a brand new 2008 Acura TL.

2008-Acura-TL-Blue

See All Acura Lease-Take-Over Deals

The 2008 Acura TL was touted as one of the nicest looking and best performing Acura models in a long time, however this body-style was coming to an end at the end of the model year. Given the impending new style announcement, Acura was finding that the demand for the 2008 model was waning due to the anticipation of the “new” TL. Accordingly, Acura made an announcement to offer some very aggressive lease rates and cash incentives to stimulate more sales of the 2008 TL models. The “stimulus package” worked very well in Nicole’s eyes as well as many other customers the day Nicole went to visit a popular Acura store. Nicole ended up negotiating a great deal on a new TL and took delivery of the car four days later.

Nicole carried on with her fast paced life and enjoyed every minute of it. She developed new accounts, skied as much as she could and took several weekend road trips with her fabulous new car. What Nicole didn’t realize, at the time, was that she was racking up more kilometres than she should have been, based on the lease’s 24,000 annual kilometre allowance. In two years, Nicole’s TL had 72,000kms, yet  she should have only had 48,000kms.
 
- Over mileage charge would have been over $7,000-
 
Nicole quickly discovered that if she kept going at her current rate she would have over 144,000kms on the TL at the end of the lease; this amount represented an overage of 48,000kms at $0.15 per kilometre or $7,200.00 in excess km charges. Although Nicole was earning good money, she certainly did not plan on allocating that kind of money at the end of her lease.
One of Nicole’s colleagues suggested that she call Leasebusters to get their opinion. Nicole called, spoke to a Lease-Take-Over Sales Analyst and received some excellent advice. It was determined that the monthly payment that Nicole was paying for her TL ($580.00 including taxes) was at least $120.00 per month better/cheaper than a new T. Remember the aggressive interest rates and cash incentives at the time? The $120.00 per month savings over the balance of the lease could be worth over $2,500.00 in monthly payment savings, to the right buyer.
Nicole was also educated about the Leasebusters cash incentive system that recommended lease-take-over Sellers, like Nicole, to offer up cash to make a lease even more attractive to a Buyer. The Leasebusters sales analyst also indicated that there are several customers in the lease-take-over market that drive less than 10,000kms per year that could find her deal quite attractive, providing there was a cash incentive to sweeten the deal. Nicole really liked what she was hearing and felt that it was time to do something now to save money in the long run.

-A $1,500 cash incentive got the phone ringing-
 

Estate Finds Buyer for Leased Camry

Monday, May 3rd, 2010
Ajay from Scarborough, Ontario suffered a terrible loss with the passing of his sister in February of 2010. Fortunately, most of her personal and financial affairs were in order and were dealt with appropriately by Ajay. The only outstanding piece of business that Ajay, as executor, had to address was his sister’s leased Camry.
The Camry was the top of the line XLE V6 model that had all the available options including leather interior, power sunroof, electronic climate control, alloy wheels, power group and more. There were 12 months remaining in the lease which was held by Toyota Financial Services and the car had just over 70,000kms, which was well under the 96,000 km limit. Ajay felt that although the car was the top of the line model, the monthly lease payment was a little high at $568.00 per month including taxes.

Ford Escape too small for 2 kids and their gear

Monday, May 3rd, 2010

The following Real Life Real Lease story was written by Phil T. of Richmond Hill, Ontario. Phil got out of his leased 2008 Ford Escape and got into a new 2010 Dodge Caravan. Phil’s story is a perfect testimonial for the new “Upgrade Your Ride” program which launched April 2010.

Car that I got out of: 2008 Ford Escape

2008 Ford Escape

2008 Ford Escape

Car that I got in to: 2010 Dodge Caravan

2010 Dodge Caravan

2010 Dodge Caravan

My wife and I had a 2008 Ford Escape, which is a great car, but now with two children in car seats and a double stroller in the back, we found that there was just not enough room in the car. If we needed to purchase items like new furniture for one of our kids, we would have to borrow my sister-in-laws mini-van and with two kids of her own, sometimes this was very hard to set up. If we went grocery shopping we would need to make sure that we had enough room to store everything, and sometimes I would have to make a second trip to go back and pick up larger items.

-Roomy Escape, just not roomy enough-

We knew by getting into a mini-van, days like these would be less stressful. As well, with our oldest child in school and the younger one getting ready for school, setting up a car-pool was going to be an issue as we were unable to drive more than two kids. Most families at our school need to be in a car-pool with other families that have the capability to drive three or four kids and this was just not possible in the Ford. So we started researching mini-vans and found that the Dodge Caravan had everything that we needed and what we were looking for. After talking with the sales representative we realized that the new mini-van was going to be less expensive per month, as long as we could get out of our current lease. I had a couple of friends that used LeaseBusters before and I thought that I would give it a try. The people at LeaseBusters were friendly and very informative. They gave me various tips and suggestions on what I should be doing to get someone interested in taking over my lease as fast as possible.

Within 12 hours I had over 15 people interested in taking over my lease.”

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