Things to Keep In Mind Whether You Lease or Buy

1.Whether you lease or buy, you need to insure your vehicle.
In addition to insuring the vehicle, you must make sure that you have the amount of coverage required by your lease.

2.Whether you lease or buy, you are responsible for licensing and registering your vehicle.You are responsible for playing the license and vehicle registration fees during the term of the lease, just as if you bought the vehicle.

3.Whether you lease or buy, you are responsible for maintaining your vehicle.You are responsible for maintaining the vehicle according to the maintenance schedule set out in Owner’s Manual.

4.Whether you lease or buy, you are protected.
There is a Canadian Motor Vehicle Arbitration Plan (CAMVAP) which is a free program available to you from participating manufacturer and leasing companies.

These are some key things you need to keep in mind whether you lease your vehicle or purchase your vehicle.