Whether you live in Canada or the US and have bad credit, you’ve probably had a difficult time getting an auto loan. It can be a frustrating experience when you hear that you aren’t approved. While your financial situation may have changed and you may have the money to pay for a loan, you may…
Considering Your Lease End Options When you’re 6 – 12 months out from the end of your lease, it’s a good time to start looking at your options. At the end of your lease you have a few choices you can choose from: Extend your lease Purchase your vehicle Return your vehicle Trade in your…
After you sign your lease contract, you’ll meet the finance manager who will take care of the credit application. You should find out fairly quickly if you’re approved, however in some cases it may take up to 24 hours before you know. Once you’ve been approved for the lease and the vehicle is in your…
Know What Car You Want If you’ve been following the advice on this blog you would have researched the car you’re interested in buying. You’ll know your credit score or have a rough idea of what it is. When you first walk into the showroom, you should be greeted by a sales person. If you’re…
Do you know what a good lease deal is when you see one? Where can you look to find the best deals? Having the ability to recognize a good or a bad deal is an important part of leasing a vehicle. While a low advertised rate may seem like a great find, that alone doesn’t…
With technology evolving the way it is, it’s estimated that over 70% of buyers do some form of research before walking into a dealership. Making an investment up front to understand leasing vs financing will pay dividends when you pull the trigger to move forward with your purchase. Choosing not to do research and understand…
How Vehicle Lease Contracts And Agreements Work While lease contracts may vary from dealer to dealer and state to state, they will all contain the same basic elements. It’s a good idea to understand the basics of vehicle lease contracts before you sign one. This way you can be sure that you’ll avoid costly mistakes.…
Understanding How Vehicle Lease Fees and Taxes Work Whether you decide to lease a vehicle or finance one, there can be extra fees, charges and taxes that may come as a bit of a surprise. Especially if you’ve never purchased a vehicle before. Fees will vary depending on the brand of vehicle, the state or…
We’ve covered off different factors that affect the lease price, such as net cap cost, depreciation, residual value and more. See the article Understand – Learning How Leasing Works to get a better idea of how these factors affect the lease price. When you understand leasing, it’s fairly easy to determine how a monthly payment…
Leasing a vehicle is not the same as renting a vehicle. You can rent a vehicle from companies like Avis and Discount Car and Truck Rentals. You can’t walk into an Audi dealership and rent a car. Leasing is based on the concept that you agree to pay for the depreciated value of the vehicle…