As more and more Canadians discover every year, leasing provides an excellent combination of affordable payments and flexibility in today’s economy. It also offers the individual valuable options when it comes time to acquire another car.

Here are five questions to ask yourself before you select a finance option for next car or truck:

1) Would I rather invest my money in an asset, which goes up in value over time, or one that goes down in value?

2) Am I interested in driving my new car for the lowest, realistic price per month?

3) Since my budget is not unlimited, is a plan that allows me to drive the most car I can afford appealing?

4) Am I interested in recycling my car before I incur costly repairs?

5) Are there more important items to save my credit facilities for? Home improvements, RRSP, Investments…

If you answered yes to one or all of the above, chances are leasing is the perfect alternative for you.

The reasons are:

Cash Investment

Leasing requires little or no money up front. (On a finance most banks can require up to 25% down payment.) This enables you to use your money investing in paying down your mortgage or buying R.R.S.P's etc. Invest your money in something that appreciates.

Increased Cash Flow

Leasing recognizes a vehicle's value at the end of term, up front. Hence, Your Payments are based on your use of the vehicle.

More Vehicle For Your Money

The 25%-35% lower monthly payment offered by leasing vs. financing may allow you to drive more car for your budgeted monthly amount.

Vehicle Recycling