Any tips on Calgary car leases

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Dec 12th 2009, 3:37 am

Lamin

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Any tips on Calgary car leases

Sister in law needs a car desperately and is looking to lease, we live in NW Calgary and she reckons she has about $400 a month to spend.

Anybody got any recommendations on what car and where from dealer wise would be appreciated.

Dec 12th 2009, 3:38 am

JAJ

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Re: Any tips on Calgary car leases

Why not just buy a car?

Dec 12th 2009, 4:43 am

Butch Cassidy

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by Lamin

Country Hills Toyota..................
Yaris

Dec 12th 2009, 12:30 pm

Atlantic Xpat

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Re: Any tips on Calgary car leases

Any KIa Dealer: Soul 2u for around $300 a month x 48 mths.

Dec 12th 2009, 2:07 pm

gryphea

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by JAJ

Why not just buy a car?

Probably she hasn't got the lump sum and its hard to get finance on a car if newly arrived or on a TWP

Dec 12th 2009, 2:24 pm

Butch Cassidy

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by gryphea

Probably she hasn't got the lump sum and its hard to get finance on a car if newly arrived or on a TWP

I'm thinking the S-I-L may actually be a Cannuck. Lamins Better Half IS.

Dec 12th 2009, 5:39 pm

R I C H

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by Lamin

2wd or AWD?

4 door, 5 door, wagon or SUV?

Domestic or import?

How can anyone recommend anything in particular just based on a desired monthly repayment?

I'd recommend a visit to http://www.canadiandriver.com/ to narrow things down.

Dec 12th 2009, 8:22 pm

JAJ

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by gryphea

Probably she hasn't got the lump sum and its hard to get finance on a car if newly arrived or on a TWP

Leasing is a form of car finance.

Dec 12th 2009, 10:42 pm

gryphea

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by JAJ

Leasing is a form of car finance.

I know but its much easier to get a lease, its essentially a secured loan.

Dec 12th 2009, 10:44 pm

#10

Butch Cassidy

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by gryphea

I know but its much easier to get a lease, its essentially a secured loan.

????
Lease or regular finance its still a 'secured loan'. The loan is secured against the car.

In fact there is LESS security in a lease as it can be assigned.

Dec 12th 2009, 11:05 pm

#11

Alan2005

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by Butch Cassidy

????
Lease or regular finance its still a 'secured loan'. The loan is secured against the car.

In fact there is LESS security in a lease as it can be assigned.

as I understand it - leasing is a way to get a car you can't really afford.

Dec 12th 2009, 11:07 pm

#12

Butch Cassidy

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by Alan2005

as I understand it - leasing is a way to get a car you can't really afford.

Well, I'm tempted to say thats true of all credit purchases.

Dec 12th 2009, 11:15 pm

#13

Alan2005

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by Butch Cassidy

Well, I'm tempted to say thats true of all credit purchases.

well - I kind of agree. With a standard car loan, you at least get to keep the car when you've paid it off. With a lease aren't you in effect just paying for the depreciation with an option to buy at the end of the lease (plus quite a bit extra for the privilege I would imagine).

Dec 13th 2009, 4:31 pm

#14

gryphea

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Re: Any tips on Calgary car leases

Quote:

Originally Posted by Butch Cassidy

????
Lease or regular finance its still a 'secured loan'. The loan is secured against the car.

In fact there is LESS security in a lease as it can be assigned.

Well speaking from experience on a TWP I couldn't get car loan with my downpayment - I could get a lease though and I think that is a common experience (judging from the other Brits who have joined work recently and two columbians) . I don't think car finance is secured they are lending you money , you buy a car with it.