lLease and Finance Buyouts
Have a lease or finance agreement? No problem! Now, there's an easier, faster, safer way to shed your contract and sell your vehicle for what it's worth. Finance and lease buyouts (also called take-overs) are now accepted across Canada as a legitimate way to buy and sell a vehicle.
A lease or finance buyout offers you the freedom to be released from the contractual obligations related to your existing financed or leased vehicle. Free of obligations, you can then purchase or lease a new vehicle.
Are you currently in a lease obligation that you need to terminate? Is your dealer uninterested or not cooperating? MotoWizard can help! Our team of dedicated finance professionals will review and discuss your lease contract with you to determine the dollar amount owed and identify potential early termination fees or restrictions. We will also appraise your vehicle, for free, and apply its cash value to your payout. Best of all? The entire process is done remotely without having to visit a physical location.
The process is similar if you have financed your vehicle. We'll review your finance contract with you, offer a free valuation of your vehicle, and discuss whether your vehicle is worth more than your outstanding loan. We can also help you sell or upgrade your vehicle without accumulating negative equity! Our experienced finance professionals will review your existing contract and offer advice based on your unique situation and desired outcome. Once you've decided to move forward, our team will take care of everything on your behalf, including arranging the finance discharge of your vehicle and issuing you a certified cheque for the difference between the value of your car and the loan payout.
Are you shopping for a new or used car? Today, many Canadians are choosing another option – a finance or lease-take-over.
Let's face it, when you buy a new vehicle from a dealership, it loses value the moment you drive off the lot. How much value? According to the Globe and Mail and Canadian Black Book, as much as 40%!
Put that money back in your pocket.
With a finance or lease-take-over, you will spend way less and enjoy the benefits of having a vehicle that is, in many cases, still under warranty with the dealership!
Here's how it works. You assume the balance of (or take over) an existing vehicle lease or finance agreement that belongs to the original customer. All the original terms, conditions, parameters, and fine print of the original lease are moved from the original customer to you, the new customer.
Located up north and looking to purchase a vehicle in the GTA? No problem! It is possible for paperwork to be done in different cities, even though the contract will continue to be managed by the dealership that originally sold the vehicle. If the lease or finance buyout is being done across different provinces, then additional sales tax may take affect.
The lease takeover marketplace is growing, and at Motowizard, we're committed to equipping you with the knowledge and information you need to make wise, knowledge-based decisions.
Your vehicle's condition is an important factor in determining its true market value. That's why we provide you with a detailed condition report when we make you a cash offer for your vehicle.
People pay a lot of money for upgrades and safety features like lane assist, heated seats, a sunroof, leather interior and navigation. We believe that you should be compensated for all the features, options, and upgrades that you paid for.
CARFAX is one of the most trusted names in the business, and a clean CARFAX report will usually increase the value of your car. We've partnered with CARFAX so we can adjust the value of your car based on their report.
We have access to sophisticated auction platforms and valuation tools that help us maximize the value of your vehicle, so that even if the used car market changes, you can rest easy knowing you're getting a good deal for your vehicle.
Based on all this information, we'll make you a cash offer that's guaranteed. We even offer free vehicle pick up throughout most of Southern Ontario!
At MotoWizard, we're always true to our word, which means that the cash offer we make you is guaranteed. Here's why that's a big deal.
The online trade-in tools on most dealership websites offer a trade-in value range or guaranteed price for the make, model, and year of your vehicle. However, when you read the fine print, you'll soon realize that their offer is subject to a physical inspection of your vehicle which takes place at their dealership. This is where they start knocking down the price for your vehicle. They'll deduct for deficiencies, wear and tear, dings, scratches, and more. In the end, you'll have taken time out of your day to make a trip out to the dealership only to find that the price they quoted you online is much less than what they're actually willing to pay for your vehicle.
At MotoWizard, we believe there's a better, fairer way. We use advanced, remote inspection technology that allows us to accurately determine the true condition of your vehicle without needing to see it in person. Just send us some photos using the link we provide, and we will send you the true market value for your car. You'll save time and you'll never have to step foot in a dealership again!
Knowledge is power! We encourage you to do your due diligence. We hope you'll visit our FAQ page to get answers to some of the top questions that customers have about lease and finance buyouts, and ask our team of experts if you have any unanswered questions.