Ottawa Car Show

Ottawa car show Ottawa Ford Leasing Mustang 2013
Photo (left: James Rowland, manager government relations, centre: Ray Smith, blogger, right: Steve Ross, Product Marketing Manager)

My name is Ray and I travel from car show to car show as a independent car blogger. Visiting the Ottawa Car Show last week, I met two of the top executives of Ford and had the pleasure of having a personal tour of the cars on display. Steve Ross ran through the specs of the entire line up of vehicles including all the latest with eco-boost and electric cars. My favorite of course was the 2013 Ford Mustang.

The new more muscular designed had me at hello. It is a 5.0 L  V8 engine packs 420 horsepower under the hood. The Musang GT advanced six-speed manual and automatic transmission with short throw shifters tells me, “this car is fast.”

I have owned and leased Mustangs. As a Ford lover, I currently drive a 2010 Mustang GT Convertible but I definitely thought of trading it up for the 2013.  It was a hard top, bright red with large rims. Under the hood was a work of art. I could picture myself behind the wheel, with the distinct rev of the engine underneath me.

Ottawa car show Ford Mustang 2013 5.0
The Mustang is one of the muscle cars that just keeps getting better. With low bank rates and factory incentives added, it is a car worth driving. If you are thinking of buying or leasing a Ford Mustang, the 2013 is a great choice. Ottawa Car Leasing never looked so good!

Posted in Car Lease, Car Shows, Leasing, Leasing Advise | Tagged , , , , , , , | Leave a comment

Maybe you can lease when car shopping…

Many buyers looking for a used car neglect to browse the thousands of cars that are currently available in a lease takeovers. Sometimes a person will lease a car but then his needs change or his/her finances leaving them in a lease that they no longer need or want.

Auto Lease Takeovers that are available sometimes offer the buyer or takeover person a cash incentive to take over the person’s lease. The original person signing the lease may have made a downpayment and also several monthly lease payments into the deal that they are willing to walk away from.

In a lease advertised takeover, you will or should see the following info: example only

Vehicle information
Year 2010
Make Acura
Model RDX SH AWD w/Tech Pack.
Body style SUV Sport
Exterior colour White
Interior colour Black
Engine 2.4 L
Cylinder 4 Cylinder
Transmission Automatic-6 speed
Current kilometres 38000
Vehicle Features
Dual front and rear climate control Power windows
Power door locks Power trunk/hatch
Power drivers seat Power passenger seat
Memory power seats Power sun roof
Power mirrors Heated mirrors
Leather seats Heated seats
17 inch alloy wheels Additional winter tires
AM/FM stereo + CD CD changer
MP3 player Premium sound system
Navigation system Hands-free cellular
Vehicle information system Bluetooth Technology
XM Satellite Radio Dual front and side air bags
Anti-lock brakes Traction control
Security system Remote keyless entry
Park distance control Rear view monitor
Bi-xenon headlights Fog lights
Cruise control Tilt steering wheel
Tinted glass Steering wheel radio controls
Remote Starter 48/80000kms extended warranty
Maintenance plan Remote starter
Deep tinted windows
Lease Take-Over details
Leasing company Honda Canada Finance
Monthly payment, before taxes $637.63
Monthly payment, incl. taxes $719.72
Original down payment $0.00
Security deposit $0.00
Purchase Option at end of lease $19,355.60
Total Kilometre allowance 96000
Excess km charge 0.12
Original lease term (months) 48
Lease expiry date 03/12/20xx  (M/D/Y)

The details at the bottom will give you the original lease term, the lease payments, and a lease take over summary.

Lease Take Over Summary
Take over this lease for 26 months for only $637.63 per month plus taxes and receive $1,500.00 as a cash incentive paid directly to you. It currently has 38000 km’s and you can drive it up to 96000 km’s at no extra cost

Now you know that you have another option when buying or leasing a new or used car, you can do an auto lease take over!

Posted in Car Lease, Leasing, Leasing Advise | Tagged , , , , , , , , | Leave a comment

It would be Cool to lease a Concept Car –

Ford just released the Evos. It may never go on sale but wouldn’t be cool to drive one. Park it in your driveway for your neighbours to stare. First seen at the Frankfurt Motor Show in Germany. It is a four door fast-back design with amazing ground breaking technology that will be incorporated in Ford 2012 production.

I still smile and wonder how it would be to have a one-of -a-kind car. A concept car that never went in production. Maybe not to buy, but to lease. Drive it for a year or two then give it back. Perhaps I am not the only one – that would want a one of a kind concept car.

Posted in Car Shows, Leasing | Tagged , , , , , , , , | Leave a comment

Car and Truck Leasing: Would you rent before you buy?

Sometimes I just want to sit in a different car and go. I’m talking a dream sports car that may be out of my reach, maybe not with leasing. There are a few car companies that will allow you to rent an exotic car for a day, weekend or week. For exmaple, I found this SRT 10 Red Viper with standard transmission for approx. $399 per day Mon-Thurs and $599 per day for a Sat or Sun. Of course there is insurance on top, approx $75 per day and a $5000 deposit.

Perhaps you would like to drive a Ferrari. Here is a F430 that rented for $1499 per day.

If those are too expensive, try an AC Cobra for $299 per day Mon to Thurs, weekends have higher rates.

Perhaps renting is a good step before leasing or buying. Is your passion for that certain car greater when you have never drove one, or does it become stronger after you sit behind the wheel? Personally I have driven Porsches, Mustangs, Corvettes,  and I must say, they all have their own style. So find your dream car and drive it for a day!

Posted in Buying a Car, Car Lease, Leasing | Tagged , , , , , , , , , , | 2 Comments

With U.S. Car Prices Falling – Can a Canadian Company Lease you a U.S. Car?

I love to lease. I have done it for years. With the US economy going through some rough times, I have been browsing online for yes, great deals. I can across a sports car that sells normally new for $80,000 plus and found it online for $30, 000 used. Now, as just a private car buyer or lessor, I really don’t know what is involved in bringing a car across the border so I went to my friend who works at a Canadian Car Dealership.

These guys do this every week. Yes, they buy the car for you, then ship it, then safety it, and make it drivable in Canada. Our laws are slightly different for lighting and other safety related equipment. There is prior arrangements that need to be made, documentation required, and taxes to be paid.

My advise, is to use a dealership, pick the car you want, if you have good relationships with them, or good credit, they will help you. In a week or so, you can be driving a US made vehicle on Canadian soil. Taking advantage of the American recession and the options a car lease can give you, you might get more bang for your buck with by leasing an American used car.

Posted in Buying a Car, Car Lease, Importing a Car | Tagged , , , , , , , , , | 1 Comment

Canada Car Show hosted in Toronto Feb 17-26, 2012

The Canadian International Auto show was a huge presentation of mainstream cars, concept cars, and electric cars for 2011, but with technology racing in the fast lane, 2012 promises to be the best ever. The Toronto location at the Metro Toronto Convention Centre facilitates the traders and suppliers of the auto industry. Motive of the event is to highlights and promote the newly launched and designed products during this unconventional and exclusive exposition. And with the tourism point of view, this event plays a key role in the major tourist attraction in Ontario. Cars are big business and how can you ignore beautiful curves, great colors and the purr of a nicely tuned sports model.

The exhibitors for the Canadian International Car Show Feb 17-26, 2012 would include car companies dealing with concept (future) cars, alternative fuel vehicles, auto accessories, cars and trucks.

Posted in Buying a Car, Car Lease, Car Shows | Tagged , , , , , , | Leave a comment

How to Become A Car Show Model

How to Become A Car Show Model.

There is something about cars and women. They both are beautiful and many of us like to see them together. I have attended a few car shows in the Ottawa area and love a good picture of a hot bikini clad model and a well-maintained show car. So how do models become a car show model? Many car show models start off by attending events, bringing resumes, photos and networking at car shows. The small shows are usually run by local car enthusiast groups and clubs, many of them eager to exhibit their rides with pretty models. Some good snapshots and a professional demeanor make a great impression, and may result in a call for work as a model at a future show.


An aspiring model could also sign up with a promotional or modeling agency. Car models are classified as spokespeople, and may end up also working events in nightclubs and other venues. However, the agency method isn’t the way to go for women who don’t fit the standard of a minimum height (five feet seven inches), full breasts and sometimes overly primped appearance. Today, with the era of the Internet, people accept many models that don’t fit the old checklist.
When attending a car show, don’t be too focused on print advertising. Internet SEO, Google ranking, and sites like now open up spokesperson opportunities for models. A well-spoken pretty face can represent a new car design, a stereo line or a new brand of tires. It is all about being discovered. Some models are being discovered by doing competitions like “So You Think You Can Dance.” So be creative. It is a new world out there for models. The world is an oyster.

Once that first job is landed, what comes next? The organizers of the particular event may have a particular outfit for you to wear, or might have you working with other women. Follow directions, be punctual and always have a gracious attitude.

Many men at the show will want to take pictures and flirt. Smile, they could be the owner of that new magazine, a friend who knows someone. Sometimes the world works by who you know. It is one of life’s realities. Be proper and respect yourself and others. Don’t let people be rude to you. Men can cross the lines sometimes, nudge them back if they do.
Above all, be positive and have fun. There will be other car shows and opportunities. Keep smiling, be proud, have some business cards and strut your stuff.

Posted in Leasing, Used Cars | Tagged , , , | Leave a comment

Advice on Buying a Used or New Car

You would thinking finding the right car is the first step, but it is not. Whether you are buying a used or new car, you should focus on how much you can afford. Even this may seem vague as one could take a loan from a bank and extend the term long enough to have low monthly payments. Instead, a buyer should focus on the total cost of the car.

Once you have decided the amount, then you need to decide if you want used, new, certified, coupe, sedan, SUV, minivan, car or truck? You can allow yourself choices and this in turn, will give you bargaining power. Also one has to consider if you have a trade-in, and if you do, how much will the dealership give you? How much can you get for it if you sell your used car or truck privately? A good rule to remember when you are negotiating, is be able to walk away from the deal. If the seller knows you really want it, they can use that against you in their offers and counter-offers.

So now you have chosen a car and you are ready to negotiate. Remember the vehicle sale price not the monthly payments is your first battle. Car sales people do this every day and it is almost a routine for them. They will try their best, they have to check with their boss, they need a bigger down- payment, a co-signer, will you accept lower for your trade-in – it is a game and they are  good at it. Be good at yours. Set the highest price in your head and don’t share it with anyone. The car salesperson is not on your side. He wants the most he can get from you and your wallet.

Be prepared. Study up on service contracts, warranties, financing, and insurance costs. Get a quote from your insurance company before you buy. Sometime new car purchases come with manufacturer’s incentives. You want to maximize your savings.

If you are buying used, you can go to car sites such as and other similar used car websites and use their advance search features to find a selection of cars in your price range. My  advice here is actually going to more than one site and shopping used cars. Next, getting in touch with a private seller or dealer is as easy as a phone call. Because new cars lose so much of their value in the first few months, a used car can appeal to a buyer.

With used cars, you need to be a little more cautious. Are you test driving the used car before you buy? Are you getting a mechanic to inspect them before you purchase?  You should open the hood, crawl under the car and look or bring it to a garage and put it up on a hoist. Check the oil. Check coolant and radiator for leaks or corrosion. Test drive the car both in the city and also on the highway for handling and acceleration. Test the brakes, the steering and alignment. After the drive, open the hood again and look for leaks. Do you have a list of questions prepared to ask the seller?

1. Why are they selling the vehicle?
2. How many miles/kilometers are on the vehicle?
3. What condition is the vehicle in? Ask about structural, mechanical, accidents, history of the car.
4. If the used car was involved in an accident, you need to know how much damage was done, what exactly was repaired, who did the repairs, etc. Vehicles with accidents are worth much less than accident free vehicles.
5. Are the service records up-to-date? This will give you an opinion of what type of car owner the seller is.

Posted in Buying a Car, Leasing, Leasing Advise, Used Cars | Tagged , , , , , , , | 1 Comment

Auto Leasing – Car Advice for Used and New Cars

Auto leasing has exploded in popularity in the last few years, particularly as car buyers are being more challenged to find affordable automobile financing alternatives in a tough economy. It is a competitive market as people who want to buy or lease a car shop online and compare prices. From car sites that offer advance searches for you can find exactly what you want such as to websites that offer you lease advice on cars and car leases that are available to transfer or takeover like . The leasing market is an opportunity to take advantage of people who are stuck in their lease and want out.

Many automotive consumers don’t know how car leasing really works, or how to determine if it’s right for them. Many people now leasing are overpaying because they didn’t know how to get a good deal — or how to recognize a bad deal. Others who could greatly benefit from leasing are shying away because they don’t understand it or have misconceptions about it. It is important if you’re thinking about leasing a new car and want to understand how leasing works, or don’t know if you should lease or buy — or simply need help with your current lease — to educate yourself on used and new car leasing. Remember, knowledge is power — especially in car leasing!


Did you know that approximately 75 % of luxury cars are leased? For SUVS, new cars and trucks, approximately 25 % are leased. So why are so many people leasing? First, new cars prices have risen over the last few years making it hard on consumers. Second, the cost of living is rising and people need to look for ways to help their money do more for them, and leasing is one of their solutions.

In recent years, auto manufacturers and finance companies have come to the rescue with consumer car leasing programs. These programs are simply a modified version of business leasing that has been around for years. This helps explain much of the strange language and confusing concepts associated with consumer leasing today.

When you lease a car, there are many things to understand than just the price. There is the overall lease payment, the carrying costs, the buyout at the end, any admin fees at the beginning and at termination of the lease, and the cost to exceed the allowed mileage.

When you buy, you pay for the entire cost of a vehicle, regardless of how many miles you drive it. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company, based on your credit history. You make your first payment a month after you sign your contract. Later, you may decide to sell or trade the vehicle for its depreciated resale value.

When you lease, you pay only a portion of a vehicle’s cost, which is the part that you “use up” during the time you’re driving it. Leasing is not the same as renting. You have the option of not making a down payment, you pay sales tax only on your monthly payments (in most places), and you pay a financial rate, called money factor, that is similar to the interest on a loan. You may also be required to pay fees and possibly a security deposit that you don’t pay when you buy. You make your first payment at the time you sign your contract — for the month ahead. At lease-end, you may either return the vehicle, or purchase it for its depreciated resale value.

Buy vs lease example

As an example, if you lease a $25,000 car that will have, say, an estimated resale value of $16,000 after 24 months, you only pay for the $9000 difference (this is called depreciation), plus finance charges, plus possible admin fees.

When you buy, you pay the entire $25,000, plus finance charges, plus possible fees.

This is fundamentally why leasing offers significantly lower monthly payments than buying

How are lease and loan payments different?

Lease payments are made up of two parts: a depreciation charge and a finance charge. The depreciation part of each monthly payment compensates the leasing company for the portion of the vehicle’s value that is lost during your lease. The finance part is interest on the money the lease company has tied up in the car while you’re driving it. In effect, you are borrowing the money that the lease company used to buy the car from the dealer. You repay part of that money in monthly payments, and repay the remainder when you either buy or return the vehicle at lease-end.

Loan payments also have two parts: a principal charge and a finance charge, similar to lease payments. The principal pays off the full vehicle purchase price, while the finance charge is loan interest.

However, since all vehicles depreciate in value by the same amount regardless of whether they are leased or purchased, part of the principal charge of each loan payment can be considered as a depreciation charge, just like with leasing — it’s money you never get back, even if you sell the vehicle in the future. It’s lost money for which you’ll have nothing to show.

The remainder of each loan principal payment goes toward equity. It’s what remains of your car’s original value at the end of the loan after depreciation has taken its toll. Equity is resale value. It’s what you get back if you sell the vehicle. The longer you own and drive a vehicle, the less equity you have. At some point in time, after the wheels have fallen off and the engine is worn out, the only equity left is scrap value. You never get back the full amount you’ve paid for your vehicle.

Because leasing is somewhat more complicated; with residuals, money factors, etc.; it shouldn’t be undertaken quite as casually as you might with a simple loan. There are more opportunities to misunderstand and make mistakes. Therefore, leasing requires that you be more careful and more informed.

One of the more important questions to ask before you lease is, what costs are involved if you want to break your lease or transfer it. Make sure you get an answer to this by the company you are dealing with because they may have unique policies, ie amount of admin fees, mileage, requires safety at your cost, and more. Get the answers before you sign. Overall, leasing is good and should be take advantage of.

Posted in Car Lease, Leasing, Leasing Advise | Tagged , , , , , | Leave a comment

How to get out of a car lease

When money is tight, it’s easy to understand why someone might want to get out from under a costly car lease that still has two or three years to run.
Although I’m have leased several cars and trucks instead of purchasing — primarily to take advantage of the lower carrying costs on luxury brands.

Since when you lease, you are only paying for the portion of the car you actually use, your monthly payments are generally much lower than they would be for a loan of the same term — which is fine for me since I don’t ever plan to actually buy the car.

Sometimes though, my friends who lease, find themselves stuck in a hefty lease they can’t handle. I have helped them out of one or two. So I know what they go through when they find themselves trying to get out of a lease.

Whether you’ve been laid off, transferred out of the country or have hit a health hurdle, walking away from a lease is a lot like returning a weekly rental after just a few days. Like it or not, you’ll still end up paying out the full contract.
But what about subletting your vehicle in the meantime?

Most automakers now allow leases to be transferred from the original holder to secondary buyers, with the understanding that the new lessee bears the financial responsibility for the lease until it expires or is transferred again. If you’re looking to transfer your lease, you’ll have the best chance if your vehicle falls short of the kilometre limit in the contract and the original financing terms are still financially attractive — i.e., higher down payment, lower interest rate.

Each company is different but most will charge a hefty premium for each kilometre over the agreed upon limit. As a result, anyone who drives a lot won’t be interested in a swap, since they’ll be the ones stuck with penalty charges. In those cases where they’ve used up all their allotted kilometres or where the original lease was more expensive, the seller will usually have to sweeten the terms by offering a cash incentive, often thousands of dollars, to close the deal.

You don’t have to do this on your own, however. There are several companies offering matchmaking services to help you find others willing to pick up the remainder of your contract such as

Posted in Leasing | Tagged , , , | Leave a comment