20 reasons why many Canadians prefer leasing Cars

Rapid fire article over here! There could be many reasons why Canadians might choose to lease a car rather than purchase one outright. Some potential reasons could include:

  1. Leasing can be a more affordable option than buying, as it allows people to drive a new car without having to pay the full purchase price up front.

  2. Leasing can be a good option for people who want to drive a high-end or luxury car, as it allows them to enjoy the benefits of a more expensive vehicle without having to pay the full cost.

  3. Leasing can offer lower monthly payments than financing a car purchase, making it easier for people to fit a car payment into their budget.

  4. Leasing can be a good option for people who like to drive a new car every few years, as it allows them to easily upgrade to a new vehicle without having to sell their old one.

  5. Leasing can offer more flexibility than buying, as it allows people to easily end their lease early if their circumstances change.

  6. Leasing can provide more predictability than buying, as it allows people to know exactly how much they will be paying each month for their car.

  7. Leasing can offer lower repair and maintenance costs, as many leases include some coverage for these expenses.

  8. Leasing can provide peace of mind, as it allows people to drive a new car without worrying about the potential for unexpected repair costs.

  9. Leasing can offer more protection than buying, as it often includes comprehensive insurance coverage and other benefits.

  10. Leasing can be a good option for people who want to avoid the hassle of selling a car when they no longer need it.

  11. Leasing can be a good option for people who want to avoid the potential depreciation in value that comes with owning a car.

  12. Leasing can be a good option for people who want to avoid the hassle of negotiating a car purchase or trade-in.

  13. Leasing can be a good option for people who want to avoid the potential risks associated with buying a used car.

  14. Leasing can be a good option for people who want to avoid the potential hassle of arranging financing for a car purchase.

  15. Leasing can be a good option for people who want to avoid the potential hassle of arranging for a down payment on a car purchase.

  16. Leasing can be a good option for people who want to avoid the potential hassle of arranging for a trade-in on a car purchase.

  17. Leasing can be a good option for people who want to avoid the potential hassle of arranging for a car loan.

  18. Leasing can be a good option for people who want to avoid the potential hassle of arranging for car insurance.

  19. Leasing can be a good option for people who want to avoid the potential hassle of arranging for car registration and licensing.

  20. Leasing can be a good option for people who want to avoid the potential hassle of arranging for car maintenance and repair.

About the author

Jorge Diaz is a passionate car lover, winter driver & Software Engineer. For the last 10 years, he has built Online Solutions used by more than 5,000 companies across the globe. He founded LeaseCosts in 2016 with the purpose of simplifying and helping Canadians to better understand the complex market of car leasing in Canada. You can connect with him at Leantrepreneurship.com.

Jorge is also the author of Car Leasing Done Right: A Canadian Guide for Understanding & Optimizing Vehicle Leasing Costs, released on Nov. 5th, 2021. It is available at Amazon.ca