The best time to lease a car
Hint: Now's a pretty good time
Should you buy or lease your new car in Canada?
Looking for a new car? What you should know about leasing versus owning.
Q: “What is the best time of year to lease a car?”
—Neil Armstrong, Wasaga Beach, Ont.
A: Generally speaking, lease deals are attractive around Christmastime, when carmakers are likely to throw a three-month payment holiday on top of their offers—so you can clear off some credit card debt before car payments begin. Spring and early summer are also good, because that is the prime selling season, and carmakers and dealers have built up their inventories over the winter.
Surprisingly, the end of the model year, in August and September, is not usually a good time to negotiate a lease; the automakers know the car will be older by one year when it’s returned and will have lost more value, so they price accordingly.
Ask Iny: Leave your question auto question for George Iny »
Read more on autos:
- Genesis G90 review: The best used large luxury car
- Ford F-150 review: The best used pickup truck
- Honda Accord review: The best used car for families
- Toyota Corolla review: The best used small sedan
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