Car Leasing Done Right: A Canadian Guide for Understanding & Optimizing Vehicle Leasing Costs

Vehicle leasing is one of the most cost-effective ways of solving transportation needs in Canada. Still, it doesn’t mean everybody does it right.

It took more than 15 years to gather all the information provided in this book. It is a guide that will help anyone to confidently sign and satisfy his/her transportation needs with a lease contract.

You will learn to easily understand the numbers. How to sign a contract that gives you peace of mind. How to transfer your lease without affecting your credit. You will learn the right way of leasing a car you can afford without hurting your finances. And many more other tips for your insurance, warranty, saving money and time.

This book is divided into three main parts: Vehicle Leasing Basics, Lease Transfer & Takeover, and Car Leasing Statistics in Canada.

If you are new to car leasing (or financing) or just want to get rid of all those doubts you may have regarding a vehicle purchase, Part One: Vehicle Leasing Basics, is a must-read. You will learn to understand all the way down from pricing, kilometers (km), term, agreement and all other factors that define a lease contract. You will come to understand these all in a way that won’t make getting your next car a big deal. Simply put, leasing a vehicle will seem like the regular transaction it was always supposed to be.

Additionally, you will learn about the coverage products that come along with your car. Those designed to cover the “unexpected” and give you peace of mind. Scratches, dents, and damage will always happen because your vehicle (and others) are on the go. It was designed and expected to receive damage, wear, and depreciation. You just need to be prepared for it!

Next, in Part Two: Lease Transfer & Takeover, you will learn the perks of one of the most important components of a lease contract: the opportunity to terminate your contract by giving it away to someone else. You will learn about the process, the benefits, and the costs of doing this. Although we can all estimate how long we might need a car, life will always throw surprises at us and our loved ones: a newborn, a new work vehicle, new routes to a new office, downsizing, or any other major life change. After operating the LeaseCosts™ Lease Takeover Marketplace for years, I’ve learned so many things that would love to share with you here, from both the buyer and the seller perspective.

And Part Three: Car Leasing Statistics in Canada, will give you a lot of new insights on how we Canadians consume our vehicles. You will also get a look into a deep 15-year study that involves over 23,000 vehicle leasing contracts cross-country that will help you understand things like:

• How much Canadians pay per month on average on a car lease.
• The average for each specific car make.
• The most popular leasing terms by manufacturer.
• The average down payment for Volkswagen, Audi, KIA, etc. and how many people make a down payment.
• How many people actually take the Wear & Tear coverage [LA1] [JD2] and how it can impact on future unexpected events.
• The kind of average payment you should expect for high-end vehicles compared to mass-market ones.
• How much you should offer as an incentive if you need to transfer your lease.

After finishing all three parts, you will walk away with a solid understanding of how car leasing works in Canada – and I guarantee that you will feel prepared and confident when considering and signing your new car lease.