LeaseCosts Canada expands Lease Takeover Inventory to 3,000+ Vehicles

LeaseCosts™ Canada Inc. is happy to announce that our Canadian online inventory of lease takeover vehicles has reached more than 3,000 units. The service started back in June 2018 and has grown exponentially since. Every month, tens of thousands of active buyers browse our marketplace and generate thousands of offers all the way from Vancouver to the Atlantic coast.

“After the recent acquisition of Vroum and Boombo, we have integrated all three inventories under a single search engine. Internally, we call it LTN (Lease Takeover Network), and it basically boosts the value our company brings to the market. From the buyer point of view, the vast available set of deals help fit a variety of needs. On the other hand, from the seller standpoint, having such an environment increases the reach of the listing and directly benefits the exposure it gets across the web.” said Jorge Diaz, CEO & Founder at LeaseCosts Canada Inc. 

“Getting to the ‘3K units milestone‘ in 15 months since launch prooves the traction and positive impact our services bring to the table. We aim to surpass the 4K by early 2020 and double our current inventory by Q4 next year. Our team is working hard to improve the transfer process and the detailing of the lease contracts. We have drastically reduced the time it takes sellers to respond to buyer inquiries which results in a faster contract takeover overall, leaving the bottleneck on the final paperwork.”

“Finding a buyer is not easy, and even more, when the car comes with a contract that includes more than 20 key numeric variables. You are not just buying a car; you are assuming a legal contract that comes with a vehicle, and it is crucial you are aware of every single detail. By focusing on it, we encourage transparency, and both parties get benefited from the final result.”

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 Jorge at or send him a direct message.