Over 7 years I leased to buy 2 vehicles, which restored my devastating credit loss due to bankruptcy after the death of my wife with a long term illness.
The good news is today I purchased a brand new car based on these steady payments to Cavalcade, private financiers who report to the credit bureau.
The first vehicle was excellent, low km good shape. used it in my business until it miled out 3 years later and traded it in on one with lower km.
The second vehicle was an example of their predatory lending practices. They sold me junk that had a safety report, for example, which said the wipers were good, and the next day they literally disintegrated. It cost me 4000.00 in the first month to keep my driving business on the road.
The safety inspection sign my a licensed mechanic out of Big 4 Motors (don't ever go there) said I had some 80,000 km on the vehicle. Those were miles, it was an American car. Signed legal document. I still have it.
So they repossess something that was abused, clean it up and sell it to you, and since you can't afford the repairs, they repossess it again, rinse and repeat.
They have a lease to own agreement which allows this and a gps unit in the car which if you miss a payment, because you need money for repairs, they turn the car off remotely and send a tow truck. Rinse and repeat on the next victim.
I worked around this because I have repair resources most people in poverty who need a car to get to work don't have.
Avoid these people and go to Alberta Treasury Branch, same lending conditions to qualify, no abuse. I wish I had.
Everything the previous posters said about poor customer service and victim blaming when your car explodes, is all true from my experience.
Over 7 years I leased to buy 2 vehicles, which restored my devastating credit loss due to bankruptcy after the death of my wife with a long term illness.
The good news is today I purchased a brand new car based on these steady payments to Cavalcade, private financiers who report to the credit bureau.
The first vehicle was excellent, low km good shape. used it in my business until it miled out 3 years later and traded it in on one with lower km.
The second vehicle was an example of their predatory lending practices. They sold me junk that had a safety report, for example, which said the wipers were good, and the next day they literally disintegrated. It cost me 4000.00 in the first month to keep my driving business on the road.
The safety inspection sign my a licensed mechanic out of Big 4 Motors (don't ever go there) said I had some 80,000 km on the vehicle. Those were miles, it was an American car. Signed legal document. I still have it.
So they repossess something that was abused, clean it up and sell it to you, and since you can't afford the repairs, they repossess it again, rinse and repeat.
They have a lease to own agreement which allows this and a gps unit in the car which if you miss a payment, because you need money for repairs, they turn the car off remotely and send a tow truck. Rinse and repeat on the next victim.
I worked around this because I have repair resources most people in poverty who need a car to get to work don't have.
Avoid these people and go to Alberta Treasury Branch, same lending conditions to qualify, no abuse. I wish I had.
Everything the previous posters said about poor customer service and victim blaming when your car explodes, is all true from my experience.