Archive for the ‘Leasing Matters’ Category
Thursday, June 17th, 2010
 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.
To read the full story at Wheels.ca click hereÂ
Tags: 2009, Deals, Factory, Finance, forester, Incentives, Lease, leasing deals, Subaru, suv
Posted in Buy-Back Tips, End of Lease Tips, LB in the News, Lease Transfer Costs, Leasing Matters, Real Life Lease Stories, Start of Lease Tips, Subaru, Subaru Deals | 2 Comments »
Thursday, May 27th, 2010
 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?
Tags: cell, LB Mobile, mobi, phone
Posted in LB Mobile, LB in the News, Leasing Matters | No Comments »
Thursday, May 27th, 2010
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
Tags: 2008, 2009, 2010, 2011, 5.0, Buy, Canada, connect, Dealers, Deals, Demo, diesel, eco-boost, econoline, edge, escape, expedition, explorer, F-150, F-250, F150, F250, F350, Factory, fiesta, Finance, Flex, focus, ford canada, Ford Deals, fusion, Incentives, Lease, leasing deals, mustang, New, power stroke, sho, super duty, taurus, transit, transit connect, Used
Posted in *LB DEALS BY MAKE, Ford, Ford Deals, Leasing Matters | No Comments »
Wednesday, May 26th, 2010
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
Tags: 2008, 2009, 2010, 2011, BMW Canada, Buy, caliber, Canada, caravan, Challenger, charger, Chrysler Canada, chrysler financial, classic, Dealers, Deals, Demo, Dodge Deals, durango, Factory, Finance, gmac, grand caravan, hemi, Incentives, laramie, Lease, leasing deals, magnum, mopar, New, nitro, ram, rt, slt, srt, st, stow and go, stow n go, stx, tremec, Used
Posted in *LB DEALS BY MAKE, Chrysler, Chrysler Deals, Dodge, Dodge Deals, Jeep, Leasing Matters | No Comments »
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 Car that I got in to: 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.”
(more…)
Tags: 2008, 2010, Buy, Canada, caravan, Dealers, Deals, Dodge, escape, Factory, Finance, Ford, Incentives, Lease, lease-take-over, New, saved $6000, savings
Posted in Dodge, Dodge Deals, Driving Radio Show, Ford, Leasing Matters, Real Life Lease Stories, Social Networking | 1 Comment »
Monday, January 26th, 2009
How do you get in “front of the line” to get a smoking LTO (lease take over) deal from a dealer that has just posted a vehicle online? Well there are many different ways of doing that. One of the criteria of a dealer posting an LTO is, of course, to be a great deal and to generate activity i.e. Low term, low payment, desirable car, low buy back, low interest rate, etc.Â
A dealer rep, using the Leasebusters tool will also look at what type of vehicles the dealership customers are looking for from our HBL, (Hot Buyers List). This is a link where customers can go online and sign up, free of charge and list the criteria of what vehicle they require or want. A dealer Rep will look at that list and find very similar matches of that criteria within their vehicle lease portfolio. They will contact their original customer and ask if they want to get out of their lease early, at little or no cost. If the customer agrees then the dealer rep will post that lease on Leasebusters.
If you have registered and activated your wants or desires for that type of vehicle (Make and Model) on the Hot-Buyers –List; the system will notify the dealer of your information. Conversely the system will notify you (the customer looking for that particular car) that it is available. It will do that instantaneously, getting YOU in FRONT OF THE LINE.
Feel free to put note some of your comments regarding taking over a lease that is represented by a new car dealership (positive or negative) and I will post it for our visitors; please remember to be nice if you have some criticisms because it is all about being and becoming better.
Posted in Dealer Lease Take-Over Tips, Leasing Matters, Start of Lease Tips | No Comments »
Wednesday, January 7th, 2009
 
Today, Canadians are paying a severely inflated mark-up over the price of crude oil!
In only five months the cost of crude oil has plunged from $150/barrel to under $40/barrel. Although gas prices and the price of crude oil regularly travel in the same direction, there tends to be a lag between the two. If that’s the case, shouldn’t gasoline be getting cheaper now that oil has fallen below $40/barrel?Â
One would think so; however other factors come into play. The companies that process crude oil into products such as gasoline are significantly cutting production due to the fact that demand has fallen. Less production means less supply, which tends to push prices up.
The cutbacks from the crude oil producers are merely for financial motives. Although the cost of fuel appears to be overpriced in comparison to the cost of crude oil, it is still down quite a bit from last year. We all seem to be taking advantage of and enjoying the temporary lower cost of fuel but it is only a matter of time before the prices start fluctuating once again. The price of fuel will always be an issue and will continue to play a major factor in one’s decision of which vehicle to purchase, lease, finance, etc.
Thank you for reading this segment of my Leasebusters Lease-Blog. We at Leasebusters encourage you to add your comments and we will publish your thoughts and continue these informative segments based on your participation and encouragement.
Posted in Leasing Matters | No Comments »
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