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Re: Leasing a car
I got a lease car on a WP. I put down a $4K deposit, kept the lease within my WP and did the deal.
Then they phoned and said they wanted another $4K security deposit. THis wasn't additional downpayment but security deposit, effectively me loaning them for 2 years. I said stuff it - we did the deal. They said 'Oh, OK then no security deposit is needed!' I would say they will be more desparate to sell cars now that they were a year ago, that said their financing risks may be different too. Gryph |
Re: Leasing a car
Whats odd is it seems they are relatively happy to lease to newcomers on TWPs, but if you try and take over an existing lease for a short term deal through someone like leasebusters.com, the credit check requirement can be a stumbling block.
Its a shame because a short term lease deal might be the best bet...a new reliable car at minimal expense until you get settled and figure out what you want to buy. Some dealers will have lease takeovers they want to shift, so its probably worth phoning around to see if that suits your circumstances. We did that for a while for the wife, and ended up returning to that dealership to buy later on, so a good deal all round in the end. Not on a TWP at that point, but worth asking. |
Re: Leasing a car
Hi we are arriving in calgary on jan 8th, oh is on a 2year twp, we have very limited funds, due to no house sale etc!!
Was just wondering if anyone could recommend any dealers in the area that would be willing to consider a leasing agreement for the likes of us. Thanks in advance for any advice Anne |
Re: Leasing a car
Originally Posted by Greenhill
(Post 6947991)
I was also able to lease with relative ease and that was with no employment history here (I hadn't even started work). They just wanted to see my work permit and job contract and wanted a down payment (which was about 15%).
They would only offer a lease period for the length of the work permit, which suited me fine at the time. I also thought leasing the best option as I knew my PR application wasn't guaranteed, so being able to hand the car back at the end in a hassle-free way was very appealing. Most dealers will also discount leased cars, so it's always worth negotiating. You might be able to negotiate a set of winter tyres too, which you'll really need/benefit from if you're getting here at the start of winter. There's a $1000 rebate for Cars that do 50mpg+ highway, so look into that if you're into the green side of life. Probably a good idea to get some insurance quotes while you're looking around for the car. Don't forget to bring original copies of your insurance NCD for house and car too. There are probably only 2 or 3 brokers around here who are helpful for new immigrants and do the best NCD conversions (the rest of them are blatant shitehawks) - let me know if you want any company names or contact details. Thanks Jan |
Re: Leasing a car
Originally Posted by anne-ireland
(Post 6974404)
Was just wondering if anyone could recommend any dealers in the area that would be willing to consider a leasing agreement for the likes of us.
I'd also be interested to know names of dealers willing to lease. Thanks |
Re: Leasing a car
Originally Posted by anne-ireland
(Post 6974404)
Hi we are arriving in calgary on jan 8th, oh is on a 2year twp, we have very limited funds, due to no house sale etc!!
Was just wondering if anyone could recommend any dealers in the area that would be willing to consider a leasing agreement for the likes of us. Thanks in advance for any advice Anne Someone (on this forum) recommended Northstar Hyundai, just north of Edmonton to us, and we were able to get a new Hyundai Tuscon with zero down. This was a loan arrangement though, not a lease. The problem is, you need to shop around, but by doing that you run the risk of having half a dozen rejections on your credit profile before you even get credit. All the dealers will say they can help you, but we found to our cost that they all cant.... and the credit markets have tanked in the short space we've been here so it will be even harder for new comers to get credit. |
Re: Leasing a car
Originally Posted by dbd33
(Post 6946019)
I don't get a loan I lease better tax break better car
You can write off up to 100% of your lease. You write off the depreciation of a car bought with a loan. North American manufacturers (in Calgary at least) are backing off from leases. You can still get them from Honda et al. |
Re: Leasing a car
Originally Posted by triumphguy
(Post 6976827)
You only get a tax break if your car is used for your business, or if you qualify through your work, in which case they would give you the form from work.
You can write off up to 100% of your lease. You write off the depreciation of a car bought write a loan. North American manufacturers (in Calgary at least) are backing off from leases. You can still get them from Honda et al. |
Re: Leasing a car
I'm not sure how the whole insurance thing works in Calgary, I just have experience with brokers in Nova Scotia (apparently there are some differences between the provinces in how insurance is sold). If it works the same as NS, take a look for brokers that sell Aviva insurance and check out Johnson's (http://www.johnson.ca/).
Also, some of the members in Calgary might be able to offer some better advice...
Originally Posted by thebakers4
(Post 6974473)
Hi there, please can you PM me the details of the companies who will insure us using our British NCD - am moving to Calgary in January so will need some car insurance.
Thanks Jan |
Re: Leasing a car
[QUOTE=Oakvillian;6946273]I'm sure you would, given the link in your signature ;)
PSML:rofl: |
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