Previously, leasing was not an option for Canadians looking to purchase and import a vehicle from the United States. For many, this meant that importing was not an option because it required that they purchase the vehicle outright (cash) or through a line of credit or pre-negotiated loan with their local bank.

However, with UCanImport's leasing option, all UCanImport Subscribers can now explore the wider choice of new and used vehicles, as well as preferential pricing available in the United States, knowing that they have leasing as a payment option.

Why Lease?

First and foremost... if you can save 20% to 30% on the vehicle purchase price simply by importing the vehicle from the United States, these savings would more than offset your vehicle leasing expenses!

When you buy a vehicle, you pay for the entire cost of the vehicle, regardless of how much you use it. When you lease, you only pay for a portion of the vehicle's cost, which is the amount you use during the term of the lease, as well as an interest amount charged by the leasing firm. Leasing can provide significant cash flow savings (which can then be better invested in appreciating assets) AND it enables you to drive the vehicle of your choice! With improved cash flow, you may even wish to upgrade to a newer and/or higher end vehicle make or model.

Other benefits of leasing include:

• Lower Monthly Payments
  By leasing your imported vehicle, you have lower monthly payments and potentially no down payment. As opposed to purchasing the vehicle using a line of credit or other type of bank loan, you are only required to pay for interest and any depreciation that occurs during the lease term, so the monthly payments will be significantly lower. In addition, as long as certain credit checks are passed, you may not be required to make an initial down payment.

  The terms of the lease are also flexible and negotiable. For example, you could structure your lease with a cash reduction, perhaps using the equity of a trade-in, to further reduce the amount of your monthly payments.

• More Convenience
  Leasing offers greater flexibility. You can select a lease term ranging from 12 to 60 months. Most leases are structured in terms of 36 or 48 months, but you are not limited - practically any lease term can be negotiated. In addition, when the lease is over it is easy to replace the vehicle with a brand new one. While most people enjoy researching and purchasing a new vehicle, few people enjoy the process of finding a buyer for their existing vehicle, as it can be frustrating, time consuming and costly.
• Tax Deferral
  When you purchase a vehicle outright, you pay tax on the entire purchase price of the vehicle. If you lease the vehicle, however, you pay tax only on the monthly payments. Depending on the price of the vehicle, this can translate into substantial tax savings.

Is Leasing Right For You?

To learn more about the leasing option now available to UCanImport Subscribers, contact UCanImport for more information.

Importation Management Services

Are you interested in taking advantage of the great vehicle selection and pricing in the United States, but would prefer to have an expert by your side throughout the importation process? UCanImport offers its professional importation management services to ensure your importation goes smoothly. Click here for more details.