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Like any other major purchase, buying or selling a car privately is a complex legal transaction. As such, it's important to ensure that all the details of the transaction are spelled out and understood by both parties. In all provinces you'll need a signed bill of sale in order to transfer the vehicle title into your name. |
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 Use our convenient car lease calculator to find out your monthly payment, including sales tax specific to your province.
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Over the past ten years, leasing has gained in popularity tremendously, accounting for over 30% of all vehicle purchase transactions in 2007. And although that number has dropped dramatically in the wake of the worldwide financial crisis, and General Motors has, for all intents and purposes, stopped leasing (by putting their interest rate up to around 12%), it still remains a viable option for some. |
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As one of the more popular ways to finance a new car purchase, leasing has enabled people to acquire a new car with a lower monthly payment than a traditional loan. However, retail leasing, the kind most consumers will encounter, comes with some pitfalls that you need to be aware of. |
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