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Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Crossover city cars (also called A-SUVs, [51] city SUVs, [51] city crossovers, or A-segment SUVs) are crossovers that generally ride on the platform of a city car . Crossover city car is a newly introduced automotive vehicle segment, with the first vehicle in the segment being the Fiat Panda Cross, though the Suzuki Ignis helped bring the ...
Captives have a smaller share of the overall car financing market (new and used cars), along with banks, credit unions, and finance companies. A small number of cars are financed directly by the dealership at "Buy Here Pay Here" dealers, which cater to customers with subprime credit. Buy Here Pay Here financing accounts for 6% of the total ...
Leasing can be riskier than buying a car outright (or financing a car purchase with a loan). Leasing companies charge fees for lots of things, like going over the mileage and returning the car ...
OMVIC (Ontario Motor Vehicle Industry Council) is a council that regulates motor vehicle sales, administers and enforces the Motor Vehicle Dealers Act on behalf of the Ontario Ministry of Government and Consumer Services (MGCS) in Ontario. OMVIC's mandate is to maintain a fair and informed marketplace, by protecting the rights of consumers ...
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Drivers looking to lease a car in 2025 will be delighted to know that the price of auto leases could be on the decline. In 2024, car sales were down so automakers and dealerships could be looking ...
Equirex Leasing Corp., is a capital leasing (or asset-based lending) company with its headquarters in Oakville, Ontario, Canada. Founded in 1996, Equirex finances leases in every province in Canada. [2] The company serves multiple markets including agricultural leases, "B-Finance" capital leases, and industrial equipment leases.
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