A few months before your lease expires, be sure to contact your Sales and Leasing Professional at Craig Dunn Motor City to set up a lease-end consultation appointment. E-mail us at: tdunn@cdmc.ca

This will ensure all of your questions and/or concerns are answered before you begin your search. At this appointment, you can take the opportunity to test drive any vehicles in our New Vehicle lineup.

Advantages to Leasing

There are many advantages to leasing a vehicle over a 3, 4 or 5 year term instead of the traditional finance method. 

Options

Options are the single greatest benefit to leasing your vehicle over financing. When you lease a vehicle you have 3 distinct options:

1) Profit - Once you reach your option date of 3, 4, or 5 years after original purchase, should the current market value of your vehicle be worth more than your guaranteed future purchase option (residual), you can either sell the vehicle privately yourself or trade the vehicle in, and reap the rewards of any profit opportunity.

2) Protection - Once you reach your option date of 3, 4, or 5 years after original purchase, should the current market value of your vehicle be less than your guaranteed future purchase option (residual), you can simply return the vehicle back to General Motors and protect yourself from any potential loss.

3) Love it - Once you reach your option date of 3, 4, or 5 years after original purchase, you (the buyer) has the first option to purchase the vehicle at your guaranteed future purchase option (residual) plus any applicable taxes

Taxes

You only pay applicable taxes on the portion of the vehicle you use, thereby saving you money. For example, while you pay all the taxes on the full purchase price on a finance contract up front, on a lease, you only pay taxes on the amount you use of the vehicle ie. Lease purchase price $40,000 with a residual of $18,000, you will only pay taxes on $22,000 on the $40,000 (the amount you're using during your lease), which on a finance contract you will pay taxes on the full purchase amount (the $40,000).

Trade In

There is no need to worry or haggle over your vehicle's trade in value, it is pre-determined at the start of your lease (mileage and excess wear and tear charges could apply).

New Vehicles

With leasing a vehicle, you get an opportunity to get into a new vehicle sooner than you normally would in a finance contract.

Warranty

Since most vehicles will be leased for 3 or 4 years, you are almost always going to have Manufacturers Warranty for the majority of the time you own the vehicle.

Any other questions or concerns? Please fell free to drop by or contact our professional Sales Team at tdunn@cdmc.ca or by phone at 1-800-473-6050.