Golfing in the City of Toronto
Peter D. lived in the suburbs and due to his busy and unpredictable work schedule, was becoming frustrated with GO train travel. He leased a Volkswagen City GOLF as an economical means of transportation. After moving to the city, he found that the expense of a second family vehicle was unnecessary, since it was a short ride to work on the street car.
Peter spoke to a variety of friends and co-workers trying to find the best way to get rid of his GOLF and the name LeaseBusters kept coming up. One of his friends suggested that he call Volkswagen first to make sure that his lease could be transferred. VW Credit Canada confirmed that this was possible and advised Peter that they charged a fee for doing credit checks and processing the lease transfer paperwork.
With this information in hand, Peter went to the LeaseBusters.com website and registered his vehicle for a ‘No-charge Lease Evaluation’. He found the registration process simple and easy to follow and was impressed that he got a call back from one of the Lease Specialists the next day. Cheryl Paul was that analyst and Peter found that her evaluation was concise and her knowledge of the marketplace was exceptional!
When Peter leased his City GOLF he wanted a very affordable monthly payment, so he put a substantial amount of money down to achieve this. Even though the term remaining on the lease was quite long, there were plenty of kilometres remaining to drive and this, coupled with the low monthly payment, made his phone ring off the hook. Peter was advised to offer his security deposit as an incentive and this made the deal even sweeter! People come to LeaseBusters to get a great deal, Cheryl advised, and they don’t want to take any money out of their pockets if possible.
The GOLF was listed on the website for less than a day when Peter got a commitment from someone to come to his office to look at it. Although there was some minor damage to one of the side mirrors, Peter agreed to split the lease transfer fee with the new lessee and the deal was done. Her intention was to buy the car at the end of the lease so a minor scratch was immaterial.
When Peter went to his local dealership he was surprised to hear that they did over half a dozen lease transfers every month and they were fully aware of the transfer process. The entire transaction, from submitting the credit application to delivery, was completed in less than two days!
The ‘Red Rocket’ (the nickname for a Toronto Transit Commission – TTC – bus) is Peter’s new ride and in a few years when his kids reach driving age he will look to LeaseBusters.com for his next great lease deal! |