Car Leasing: Down Low in Canada
Leasing has been in the car manufacturing community of Canada. It has shaped Canadian economy in ways that even the major car-manufacturing companies cannot define. With the worldwide trend of downgrading the leasing process due to the economic downturn in the whole of US and Canada, consumers and car buyers have yet to decide on what to do.
To give you a wider picture, 60% of Canadian sales for BMW is derived from leasing. Despite this, the company opted to focus more on financing, by providing more options for purchase. Ford also followed suit and had cut its leasing options. In this very tight leasing market, there are still a couple of car-manufacturing companies which have remained steadfast in their leasing options. The good old Mercedes Benz and Honda’s leasing incentives have remained unchanged.
As a result, most car users now have succumbed to buying used cars and looking for purchasing options with longer payment terms. But leasing is far from over; a lot of people are on the look out for better things to come in leasing.
Do you have any idea on how to make leasing better? Perhaps leasing hybrid cars or fuel efficient cars only will do the trick, given that the main control of this issue rests on the unstable oil industry. But then we have to wait for anything to come as a substitute for driving a luxury car in three years with relatively lower payment, which is true-blue leasing principle.
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