A Dynamic Duo: LeaseBusters and CarCostCanada Simplify Getting out of Unwanted Vehicle Leases

A Dynamic Duo: LeaseBusters and CarCostCanada Simplify Getting out of Unwanted Vehicle Leases

For leasing customers, the past few years have been anything but ordinary. Many drivers locked into leases during the vehicle inventory shortage of 2022 and 2023 now find themselves re-evaluating their options. This unprecedented time in the automotive market was defined by inflated new car prices, higher interest rates, and a noticeable absence of manufacturer subsidies or rebates. Simply put, leasing customers had no choice but to accept higher monthly payments due to market conditions.

Fast forward to today, and the automotive landscape has shifted significantly. CarCostCanada® (CCC), a trusted resource for car buyers and lessees alike, is thriving with its revamped and upgraded Market Value Report (MVR). This cutting-edge tool provides comprehensive new car pricing research, making it an indispensable asset for anyone planning to buy or lease a vehicle. For new car leasing customers, the MVR stands out with its ability to deliver detailed insights into the leasing rates for 95% of new cars sold in Canada.

CarCostCanada’s Market Value Report: Empowering Leasing Decisions

CCC’s MVR has been a game-changer for new car leasing customers. Its innovative features include subsidized leasing interest rates, optimized manufacturer residual values, and a leasing calculator known as the Mathbox. The Mathbox goes beyond basic calculations, offering CCC members the ability to compare leasing options across multiple terms—24, 36, 39, 42 months, and more—giving them a clear view of potential savings and better deals.

This level of detail allows members to determine whether breaking free from their current lease to secure a more affordable one makes financial sense. For those who leased during the high-cost period of 2022–2023, the MVR provides a crucial roadmap to smarter leasing decisions in today’s more favorable market conditions.

LeaseBusters: The Ultimate Exit Strategy

While CCC’s tools are invaluable for researching new leasing opportunities, many customers still face the challenge of exiting their current lease. This is where LeaseBusters (LB) comes in. With a highly trafficked online marketplace and a proven track record dating back to 1990, LB connects individuals looking to exit their lease with eager buyers who prefer short-term lease takeovers.

Lease takeover buyers on LB’s platform are drawn to the opportunity to avoid down payments, startup costs, and even secure a cash incentive from the original lessee. These buyers are often willing to pay a slightly higher monthly payment for the convenience and flexibility of a short-term lease, making LB an ideal solution for lessees who want out of their contracts.

LB further simplifies the process by offering a detailed market evaluation to help sellers determine a reasonable cash incentive to attract buyers. This ensures that both parties benefit: the seller can liberate themselves from an unwanted lease, while the buyer secures a desirable short-term lease.