UCanImport is pleased to announce that it has negotiated a leasing option for UCanImport Subscribers with one of Canada's largest fleet leasing corporations!
Leases are now available for new or pre-owned passenger cars and trucks that are imported from the USA into all provinces except Quebec.
Previously, leasing was not a purchase option for Canadians looking to purchase and import a vehicle from the United States. For many, this meant that importing was not an option because it required that they purchase the vehicle outright (cash) or through a line of credit or pre-negotiated loan with their local bank.
However, with UCanImport's leasing option, all UCanImport Subscribers can now explore the wider choice of new and used vehicles, as well as preferential pricing available in the United States, knowing that they have leasing as a purchase payment option.
So... Why Lease Instead of Purchase?
First and foremost... if you can save 20% to 50% on the vehicle purchase price simply by importing the vehicle from the United States, these savings would more than offset your vehicle leasing expenses!
Improved Cash Flow - When you buy a vehicle, you pay for the entire cost of the vehicle, regardless of how much you use it. When you lease, you only pay for a portion of the vehicle's cost, which is the amount you use during the term of the lease, as well as an interest amount charged by the leasing firm. Leasing can provide significant cash flow savings (which can then be better invested in appreciating assets) AND it enables you to drive the vehicle of your choice! With improved cash flow, you may even wish to upgrade to a newer and/or higher end vehicle make or model.
To learn more, fill out the short online form now available at:
www.UCanImport.com/Vehicle_Leasing.aspx
A leasing representative will then contact you to assist in determining if a vehicle lease is the right solution for your vehicle importation. Alternatively, you can call (250) 883-0188 (9:00am to 5:00pm Pacific Time only, please).
Sincerely,
Zabin Somani (G.M.)
and the UCanImport "Pit Crew"
UCanImport Publications
"Driven by Knowledge"
-------------------------
info@ucanimport.com
www.UCanImport.com
www.UCanImport.Blogspot.com
-------------------------
Showing posts with label Payment Options. Show all posts
Showing posts with label Payment Options. Show all posts
Tuesday, May 13, 2008
Thursday, February 14, 2008
Private Seller Transactions for Vehicle Importation: Understanding your payment options
UCanImport has indicated within the importing guide that there are several ways to seal the deal when paying for you new vehicle. Recently, we have noticed that there is a growing trend for Canadians to purchase their vehicle from a private US seller. While the importation documents and processes don't change, what may be affected is the level of comfort of seller and buyer when it comes to receiving payment or paying for the car respectively.
Payment options include:
1. Wire transfer from your bank account or a foreign exchange merchant
Excellent reliability, but little protection from a fraudulent seller. This is a good option to transfer funds for a deposit amount. You may want to note the details of the transaction directly on the memo field of the transfer. For example: deposit against VIN 12ABC34DEF56GHI78.
Keeping a receipt or screen printout that shows the seller's name and the details of the transfer are useful precautions.
2. Certified cheque or US Cash delivered in person when you pick up the car
A great option to protect both parties as you can see what you are buying and there are generally no surprises. You travel with the cheque or cash, making sure to declare it to the border officers if the value is over $10,0000. The seller delivers the vehicle and you can accompany the seller to their financial institution to deposit the funds to their account. This process is a bit more cumbersome, but it offers a greater level of security, assuming no one steals your wallet or purse.
3. Escrow services to keep the funds with a 3rd party until the vehicle is delivered to you
For a small fee, this is a great option for the wary buyer and seller. The buyer transfer funds to an escrow account, which then holds the funds for the seller until the buyer confirms that the transaction occurred successfully. Caveats: not all escrow services are legitimate, which means you have to do your homework. EBay refers its customers to Escrow.com to handle these types of transactions. There is a fair bit of information on the website that explains how each step of the process works.
4. In-Trust accounts through buyer and seller lawyers
Anticipate a fee if you use your lawyer's office to transact the deal with the seller. Similar to a real estate transaction a lawyer will use an in-trust account to hold funds for the buyer, and confirm same to the seller's lawyer. The funds will be transferred to the seller's lawyer to be held in-trust for the seller pending successful delivery of the vehicle to the buyer. The downside here is that you have a number of people to work with and depending on location, potentially different time zones. But the service does keep the transaction on the up and up, and for cross-border shopping sprees, does wonders for your comfort level.
Have you purchased a vehicle from a private seller? How did you transfer your money? Share your information here so that other importers can benefit from your experience.
Payment options include:
1. Wire transfer from your bank account or a foreign exchange merchant
Excellent reliability, but little protection from a fraudulent seller. This is a good option to transfer funds for a deposit amount. You may want to note the details of the transaction directly on the memo field of the transfer. For example: deposit against VIN 12ABC34DEF56GHI78.
Keeping a receipt or screen printout that shows the seller's name and the details of the transfer are useful precautions.
2. Certified cheque or US Cash delivered in person when you pick up the car
A great option to protect both parties as you can see what you are buying and there are generally no surprises. You travel with the cheque or cash, making sure to declare it to the border officers if the value is over $10,0000. The seller delivers the vehicle and you can accompany the seller to their financial institution to deposit the funds to their account. This process is a bit more cumbersome, but it offers a greater level of security, assuming no one steals your wallet or purse.
3. Escrow services to keep the funds with a 3rd party until the vehicle is delivered to you
For a small fee, this is a great option for the wary buyer and seller. The buyer transfer funds to an escrow account, which then holds the funds for the seller until the buyer confirms that the transaction occurred successfully. Caveats: not all escrow services are legitimate, which means you have to do your homework. EBay refers its customers to Escrow.com to handle these types of transactions. There is a fair bit of information on the website that explains how each step of the process works.
4. In-Trust accounts through buyer and seller lawyers
Anticipate a fee if you use your lawyer's office to transact the deal with the seller. Similar to a real estate transaction a lawyer will use an in-trust account to hold funds for the buyer, and confirm same to the seller's lawyer. The funds will be transferred to the seller's lawyer to be held in-trust for the seller pending successful delivery of the vehicle to the buyer. The downside here is that you have a number of people to work with and depending on location, potentially different time zones. But the service does keep the transaction on the up and up, and for cross-border shopping sprees, does wonders for your comfort level.
Have you purchased a vehicle from a private seller? How did you transfer your money? Share your information here so that other importers can benefit from your experience.
Subscribe to:
Posts (Atom)