Leasebusters
May 14th 2009 | 6:03 am
#1
Thread Starter
Forum Regular
Joined: Jun 2006
Posts: 79
From: Landed PR in Calgary Nov 6th 2008!
Leasebusters
Has anyone here actually used leasebusters for a vehicle?
What was the experience like? How long did were you in Canada before taking over a lease? Would you recommend them?
Thanks in advance
What was the experience like? How long did were you in Canada before taking over a lease? Would you recommend them?
Thanks in advance
May 14th 2009 | 6:06 am
#2
Moderαtor Emeritus
Joined: Sep 2003
Posts: 30,771
From: Upstate South Carolina
Re: Leasebusters
It will be interesting to see...Im pretty sure when you read the smallprint that a favourable canadian credit check is required...a stumbling block for many newcomers.
My wife at one point took over a lease through the local Mazda dealer, and it was a no fuss deal...worked out well for us and them.
My wife at one point took over a lease through the local Mazda dealer, and it was a no fuss deal...worked out well for us and them.
May 14th 2009 | 9:08 am
#3
BE Enthusiast
Joined: Feb 2009
Posts: 362
Re: Leasebusters
Nothing wrong with lease buster and can be a really great way to take over someones lease. Make sure you thoroughly check the car over and you are realistic about your millage. because you will pay heavily for over running the lease millage. You are responsible for that car and it will be inspected at the end of the lease and may even have to folk out for new tires. look for the buy back ones. So you can buy the car at the end of the lease. This is best way to go IMO. I have know at least 2 people who have had great success.
http://www.leasebusters.com/
* Confirm that the information here is the same as the actual lease contract
* Confirm that all service required is up to date
* Confirm who pays for vehicle inspections, lease transfer fees, license transfers etc.
* Do you have to pay a security deposit or is the existing one being transferred to you?
* You will need to fill out a credit application and submit it to the original selling dealer and or leasing company for credit approval.
* They will process all necessary paperwork and make arrangements to finalize the lease transfer.
* That's it!
* Confirm that all service required is up to date
* Confirm who pays for vehicle inspections, lease transfer fees, license transfers etc.
* Do you have to pay a security deposit or is the existing one being transferred to you?
* You will need to fill out a credit application and submit it to the original selling dealer and or leasing company for credit approval.
* They will process all necessary paperwork and make arrangements to finalize the lease transfer.
* That's it!
Last edited by Essex_Man; May 14th 2009 at 9:14 am.
May 14th 2009 | 9:14 am
#4
Thread Starter
Forum Regular
Joined: Jun 2006
Posts: 79
From: Landed PR in Calgary Nov 6th 2008!
Re: Leasebusters
Thanks for the advice
May 14th 2009 | 9:26 am
#5
BE Enthusiast
Joined: Feb 2009
Posts: 362
Re: Leasebusters
Another thing I should point out. Sometimes the buyback can be more than the car is worth on the used market and you're find that same car can be brought cheaper. Especially with the Domestics. So you have to bear this mine as well if you do decide to buy the car at the end of the lease. 
Last edited by Essex_Man; May 14th 2009 at 9:35 am.
May 14th 2009 | 10:28 am
#6
Settled.
Joined: Jul 2006
Posts: 3,286
From: St. Albert. AB.
Re: Leasebusters
more importantly than all this, may i be the first to congratulate you on having the best avatar on expats. is there anyway you can blow it up. thats the avatar, not 'it'.
May 14th 2009 | 10:43 am
#7
Born again atheist
Joined: Jul 2005
Posts: 30,259
From: Europe (to be specified).
May 14th 2009 | 11:46 am
#9
Thread Starter
Forum Regular
Joined: Jun 2006
Posts: 79
From: Landed PR in Calgary Nov 6th 2008!
