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Leasing a car as a newcomer

Leasing a car as a newcomer

Old Jan 18th 2025 | 8:19 pm
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Default Leasing a car as a newcomer

Hi All,

I've searched the threads and have found one person that managed to secure a lease as a newcomer (showing an offer of employment letter), but wanted to know if anyone has any recent experience of this, specifically in BC? If so, were the rates much higher as a newcomer, or did you have to put a significant payment down? We'll both have job offers and can each put down approx $5-7k, so we're hoping we can each find something!

Thanks!
 
Old Jan 23rd 2025 | 6:17 am
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Default Re: Leasing a car as a newcomer

It's 20 years ago now but I leased a car as a newly landed permanent resident. I don't believe I had to put down any more deposit or pay any higher rate than because of that.
They were concerned that I had employment - I got a letter from my employer advising of my employment status and salary - and I was a permanent resident. Obtaining financing on a work permit is obviously much more difficult given the limited term of the work permit.
 
Old Jan 27th 2025 | 6:10 pm
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mdonald1987's Avatar
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Default Re: Leasing a car as a newcomer

Originally Posted by Atlantic Xpat
It's 20 years ago now but I leased a car as a newly landed permanent resident. I don't believe I had to put down any more deposit or pay any higher rate than because of that.
They were concerned that I had employment - I got a letter from my employer advising of my employment status and salary - and I was a permanent resident. Obtaining financing on a work permit is obviously much more difficult given the limited term of the work permit.
Thanks, AX.

We’re in the process of applying via the PNP route as my wife is a nurse. I think we’ll be given a temp work visa whilst waiting on the PR stuff to get sorted, so that may throw a spanner in the works. TBH, we could pay down the lease in full (for 2 years) if required, so I guess we’ll just have to see.
 

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