Here are sites that allow you take over other people’s leases. Get a car where someone else has put paid the upfront costs and you swoop in for the low payments on the remainder of the lease. I have personally done this through LeaseBusters with my current car and will be seriously considering it in the future.
LeaseMove
Leaseboys
Leasebusters
Swapalease
EasyRelease
Here is a simple lease vs buy calculator:
Lease vs Buy Calculator
If you switch it to a $30,000 car example and just hit submit and then select option 1 - 8 year period and 2 leases. The total outlay is almost the same except with the lease you have got to drive to brand new vehicle is in the period instead of one.
I think if you keep your vehicle for 8-10 years owning makes far more financial sense.
If you have any other questions regarding building wealth or managing your life insurance portfolio, please feel free to contact our team.
Dustin Serviss
Kelowna Financial Advisor
www.serviss.ca
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