Whether you’re trading city living for the quiet suburbs that don’t have the best transit, or your quickly growing up kids means more activities, tools, and gear that don’t fit in your old sedan-type car, the decision to add a new or additional vehicle to your life is undoubtedly a big one. Between choosing the make and model, and deciding whether to lease or purchase your new car, it’s important to know the facts that make a smart purchase.
If you are considering purchasing or leasing a new vehicle, but are skeptical of the price tags associated with each option, then be sure request a dealer invoice report from Car Cost Canada first. Not only will we help you uncover new savings, we’ll also help you identify the difference between what your dealer pays and what you pay. Beyond that, we’ll even help you uncover hidden or unadvertised incentives and rebates you didn’t know you were eligible for.
Ready to get started? Learn more about the benefits of leasing vs. purchasing a new car:
What Does it Mean to Lease a Vehicle?
Before establishing the benefits of leasing, let’s first review what it means to lease a vehicle. When you lease a car, it is important to acknowledge that you are legally bound to a contract with your dealer. This contract or lease enables you to drive the vehicle for a certain period of time, paying the dealership on a monthly or bi-weekly basis to do so.
But unlike purchasing or financing a vehicle — you will not have ownership of the car at the end of the contract and therefore will be unable to sell it as a used vehicle. Instead, you will simply return the vehicle to your dealership and begin a new lease with a new car. Alternatively, depending on the dealership, you may also have the option to buy out your leased vehicle at a preferred rate should you wish to keep it at the end of your lease.
Benefits of Leasing
Do you only drive your car for recreational purposes and/or to run short errands on the weekend? Then leasing a vehicle will meet and exceed your needs. Not only will you be greeted with the excitement of driving a new vehicle every two to three years, you can also rest assured knowing that you are protected with warranty coverage throughout your lease. This means that if your vehicle ever experiences a major mechanical problem, you won’t have to worry about picking up the bill.
Additionally, a typical car lease payment is up to 60% lower than what your monthly payments would be if you were purchasing the same vehicle or financing it with a traditional personal auto loan. With half the bill and twice the excitement, what’s not to love about leasing a new car?
What Does it Mean to Buy a Brand New Car?
Thinking of keeping your car for a long time and don’t mind the hassle of trying to sell or trade it when you decide to upgrade? Then purchasing a vehicle is the perfect option for you. When you buy a new car, you pay for it upfront – meaning the vehicle belongs exclusively to you once the lump sum is paid. Besides the basic costs of ownership (ie: gas, insurance, repairs), you won’t have to worry about any additional car payments unexpectedly eating at your budget every month.
Benefits of Purchasing A Vehicle
One of the major benefits associated with purchasing a vehicle is the fact that you can drive with peace of mind. Unlike if you were to lease a vehicle, purchasing and owning your vehicle means there is no mileage limit or restrictions. This means that you will not incur unexpected costs and additional fees for exceeding your mileage limit or forgetting to bring your vehicle in for a timely maintenance inspection as you would, if you leased your vehicle.
Not only does this mean that everything can be done at your convenience, it also means that you can customize your vehicle whenever you like or decide to sell or trade it for a new car whenever you please — without having to worry about any hefty early termination fees, or other potential legal issues. On top of these benefits, you can purchase your new vehicle at an affordable and reasonable price tag using a dealer invoice report from Car Cost Canada.
Lowering The Cost of Your New Car with a Dealer Invoice Report
At Car Cost Canada, we understand that purchasing a new vehicle is an exciting yet difficult task. That’s why we offer free dealer invoice reports to Car Cost Canada users in order to help ease the process. While there may be great advertised incentives presented to you, you should know that a dealer invoice report can help you uncover more. From new, hidden incentives, to prime negotiating points and preferred dealers, Car Cost Canada’s dealer invoice report can help you save more on your next big purchase.
Don’t pass up this opportunity to save. Score an incredible deal at your local dealership or with one of our preferred dealers when you use or request a free dealer invoice report from Car Cost Canada.