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Does It Make Sense to Lease?

Does It Make Sense to Lease? It’s very difficult to make a fair head-to-head comparison between, say, a six-year loan and the standard three-year lease. At the point the lease ends, the bank borrower still has three years of payments to go, but the lessee has to look for another car—or perhaps take the lease’s buyout offer. An automaker may also kick in extra rebates on a lease deal, ones not available to a loan customer. In addition, the “money factor” (interest rate) on a lease may be different from the interest rate offered on a loan, making an apples-to-apples comparison almost impossible. Opting for a longer-term loan of six to eight years may bring your monthly payment close to that of a lease, but not invariably. Longer loans make it easy to get “upside down”—where you owe more than the vehicle is worth—and stay that way for a long time. If you need to get rid of the car early on, or if it’s destroyed or stolen, the trade-in, resale, or insurance value is likely to be less than you still owe. Indeed, buying a car with a loan is not the way to go if you want to drive a new car every couple of years. Taking out long-term loans and trading in early will leave you having paid so much in finance charges compared with principal that you’d be better off leasing. If you can’t pay off the difference on an upside-down loan, you can often roll the amount you still owe into the new loan. But then you end up financing both the new car and the... read more

When Is Auto Leasing a Good Idea?

If you’re interested in getting a new car, you’re probably well aware that you have two basic options: leasing or buying. While most drivers choose to buy (or finance) a new car, many shoppers swear that leasing a car is the better decision. So which is correct? When does leasing make more sense than buying? And should you consider it? To help you decide whether leasing is a good idea for you, we’ve rounded up all the benefits and drawbacks of leasing, and we’ve laid out our opinions about when you should lease and when you should buy. Benefits of Leasing The biggest benefit of leasing a car rather than buying is that you can usually get more car for your money by leasing. A lease involves paying the depreciation on the car rather than the entire purchase price. For example, if you lease a $20,000 car for 3 years and its projected value at the end of those 3 years is $12,000, then you only make lease payments on the $8,000 difference. If you had bought the car, you’d be making payments on the entire $20,000. Leasing also benefits drivers who don’t have much money saved up for a down payment. Many lease deals are available with nothing down or $1,000 down, whereas smart shoppers who finance usually put down 10 to 20 percent of a car’s purchase price. There’s also the obvious benefit of leasing: You get a new car every few years. If you sign a 5-year loan to purchase a car, you’ll be making payments for the next five years, and if you want out,... read more

Leasing vs Financing 101

Few people have the means to buy a new vehicle outright with their own pocket money. So rather than resorting to a life of crime, taking out some kind of loan to afford a new car is the only real option. Loans mean repayment calendars, and being responsible to somebody more than yourself. So, to lease or finance? While leasing and financing both feature broad similarities – including being able to negotiate everything from monthly payments and down payments to interest rates, etc. – everything else differs greatly. When financing, you spread the entire cost of the vehicle – including all the taxes, delivery and fees – out over your desired number of months. Generally, the longer the term, the smaller the payments, and interest rates offered are generally lower. When leasing, the term is usually much shorter – say two to three years – and the company will figure out what it thinks the vehicle will be worth at the end given its condition, equipment, mileage and more, what’s known as ‘residual value’. The amount between the total sale price and the predicted residual value – i.e. the depreciation – is what’s used to calculate the monthly payments. Because the amount of money you’re borrowing is less than when financing, your monthly payments are much lower. If you are planning on paying for a new vehicle with an option besides cash up front, one question to ask is how long you should stretch out the payments? Why Lease? Deciding to lease will depend on a whole lot of factors. If you put on a high number of kilometres... read more

I Need Answers about Car Leasing and Financing!

Are you frustrated with the process of leasing or financing a new car or used vehicle because you can’t find the answers to your simple FAQs? Well, that stops here! Accent.ca, your BC car lease and finance provider is here to answer any and all of your questions. We are located in Richmond, BC and provider service to community members in surrounding areas throughout the Lower Mainland and the entirety of British Columbia. Some of our customer’s common questions include: Do I need good credit to lease or finance a vehicle? Do you only finance used vehicles? I am new to Canada, can I finance a vehicle? How does Accent.ca work? These are questions that many people have asked us over our 27 years in business, among many others. We have them conveniently answered on our FAQs page, but feel free to contact us or visit our Richmond location for any more information you may need. Remember, we’re here to make your car lease or financing journey as simple as... read more

Is it Better to Lease or Buy a Car for Business Use?

If you are considering car leasing for your business, you may be wondering if it is better to lease or buy. Here are some factors to consider: Loan Payments vs. Lease Payments Buying a car means a loan for a specific amount which you will have to pay back even if the value of the car goes below the amount of the loan. This can happen if the car is in an accident, for example. With car leasing, the residual value at the end of the lease can lower the lease cost, and if you get a closed lease, the lessee has no obligation to purchase the leased asset upon lease expiration, that person does not have to worry about whether the asset will depreciate more than expected throughout the course of the lease. Thus, it is argued that the closed-end leases are better for the average person. Do you have the cash for a down payment? If you are concerned about putting up cash from your business for a down payment, consider a lease. Some leases do not require a down payment, but most car loans do. Who will be driving the car? Whether you lease or buy also may depend upon who will be driving the car – you as the business owner or one of your employees. As an owner, you have more control over the mileage. If the car is being driven by an employee, you may not be able to control personal use of the car. In the case of an employee driver, it might be better to buy the car rather than lease... read more

Bad credit auto financing at Accent.ca

Bad credit auto financing can be difficult to find, but it’s not impossible to climb out of the bad graces of the major credit bureaus. With the right plan and the right company helping, you can work your way up to the car of your dreams, by starting with something a bit more modest and proving your reliability over time. People who stick to the plan see immense improvements in their credit in a relatively short amount of time. In a mere year or two, you can take truly abysmal post-bankruptcy credit and rapidly return to average credit. Accent.ca, your BC car leasing and financing provider has helped thousands of people of all credit types. Our exclusive in-house financing options get our customer financed more often than other dealerships, especially if you have no credit history or a bad credit history. Our nearly limitless financing options allow you to shop our vehicle inventory for the exact used car, truck, van or SUV that best fits your needs. Fill out our application form and get on road again! Read more about Accent.ca’s Credit Rebuilding Program Accent Auto Financing and Leasing serving Richmond, Vancouver, Surrey and... read more

Buy or Lease? Pros and Cons, What are the benefits?

Cars are the best example of depreciation. First, you spend a not-insignificant amount of cash, and your the appreciation declines once it leaves the dealership, never again worth what you spent for it. Therefore, it’s kind of unsurprising that leasing is gaining traction. A positive? It doesn’t matter that your automobile is losing value when you lease. In a few years, you can return it to the dealership and get hold of a new one. If you’re actually wanting to save money, purchasing or financing a used car from a reputable source, like car financing provider, Accent.ca, is generally the best cost-savings option. So, the question is: should you buy or lease? It depends on your individual situation, but here’s an idea of how you might choose. Positives of purchasing: The automobile you purchase is yours, to do with what you want, as long as you own the vehicle. Yes, it won’t be worth as much as you spent for it when you’re done, however, in general, buying normally costs less than leasing and supplies you with more versatility. Positives of leasing: Leasing allows you to drive more car than what you can pay for, although it will usually cost you more over the long run than a car that you drive and purchase for a number of years, and have more restrictions and costs. Leased automobiles, which allow you to routinely update your vehicle to the shiniest, most technically advanced model every few years, generally have lower month-to-month payments, except for enforced fees for things like returning the car in anything less than flawless condition or driving more than your annual mile allowance. If you desire or require the... read more

Do you have less than great credit? Need an car leasing or financing provider? Apply Today!

Thanks to the peaceful privacy of the Internet, you can browse for and be accepted for your next vehicle loan nearly entirely online. By using our car finance and lease provider website, Accent.ca, put your feet up and unwind, your next vehicle loan is a click away–Just apply here. When looking for an car leasing or financing provider, not only can you discover a variety of options to fit your credit situation, you can likewise find various rates within those choices. If you have less than great credit, applying online with Accent.ca is helpful because we can even help those with sub-prime or bad credit. We look at each circumstance individually as a chance for investment instead of as a threat. Keep in mind, getting vehicle funding online can be a reasonably pain-free and fast procedure so long as you understand what you’re obtaining and are prepared to be able to supply all of the necessary details to show where you live and work. Apply now with Accent.ca if you’re ready. We’ll get you in the vehicle of your dreams and have you approved today! Contact us for more... read more

Frustrated with the Process of Auto Leasing?

Are you frustrated with the process of auto leasing or financing a new car or used vehicle because you can’t find the answers to your simple FAQs? Well, that stops here! Accent.ca, your BC car lease and finance provider is here to answer any and all of your questions. We are located in Richmond, BC and provider service to community members in surrounding areas throughout the Lower Mainland and the entirety of British Columbia. Some of our customer’s common questions include: Do I need good credit to lease or finance a vehicle? Do you only finance used vehicles? I am new to Canada, can I finance a vehicle? How does Accent.ca work? These are questions that many people have asked us over our 27 years in business, among many others. We have them conveniently answered on our FAQs page, but feel free to contact us or visit our Richmond location for any more information you may need. Remember, we’re here to make your car lease or financing journey as simple as... read more

How to Find a Great Lease or Finance Rate Online

Thanks to the peaceful privacy of the Internet, you can browse for and be accepted for your next vehicle loan nearly entirely online. By using our car finance and lease provider website, Accent.ca, put your feet up and unwind, your next vehicle loan is a click away–Just apply here. When looking for an automobile leasing or financing provider, not only can you discover a variety of options to fit your credit situation, you can likewise find various rates within those choices. If you have less-than-great credit, applying online with Accent.ca is helpful because we can even help those with sub-prime or bad credit. We look at each circumstance individually as a chance for investment instead of as a threat. Keep in mind, getting vehicle funding online can be a reasonably pain-free and fast procedure so long as you understand what you’re obtaining and are prepared to be able to supply all of the necessary details to show where you live and work. Apply now with Accent.ca if you’re ready. We’ll get you in the vehicle of your dreams and have you approved today! Contact us for more... read more