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I want to take a 2 year lease on a new GM car but am probably moving to canada in 1.5 years. The salesperson told me I can turn it in in canada at the end of the lease. Is this correct? Or is he just telling this to me to get a sale. I appreciate any advice on this. Thanks.
Maybe you can "turn it in", but the big issue is can you get it registered once you move?
Let's assume GM even allows you to export from the US and import it into Canada, it will likely need thousands of dollars in modification to meet Canadian standards - and some cars are completely inadmissable with or without modification.
I want to take a 2 year lease on a new GM car but am probably moving to canada in 1.5 years. The salesperson told me I can turn it in in canada at the end of the lease. Is this correct? Or is he just telling this to me to get a sale. I appreciate any advice on this. Thanks.
Read the lease closely and if still unclear, call the leasing company.
Relying on the word of the salesperson seems foolish.
Getting a leased vehicle registered in Canada (Ontario) should not be a problem provided you are able to get written authorization from your lessor. The challenge I had was with my leasing company. They refused to give me permission, so I ended up financing/buying it from them with the help of another U.S. Bank that authorized me to register and operate the car here in Canada.
My experience with wanting to buy (not rent) a car in the U.S. being Canadian is that they throw up ALOT of barriers to it because cars cost more in Canada even though our currencies are at par and they want to keep gouging. One thing you might want to look into is servicing centers. I'd heard talk garages at dealerships for some companies in Canada would no longer serve cars bought at U.S. dealerships. I'm not saying that'll be the case with your GM, but look into it.
Can't answer your specific question but when I had my Canada leased Volkswagon and moved to the US I had to drive over the border and drop the car off a Canadian dealer. They would not accept it at a US dealer.
Depending where you are in Canada it may not be a big deal to drive to a US dealer to drop it off and fly back.
The car you have now wont last another year and a half??
be much simpler to sell your present car on or about the time you move then buy a Canadian car,it will avoid a lot of hassle..
Maybe you can "turn it in", but the big issue is can you get it registered once you move?
Let's assume GM even allows you to export from the US and import it into Canada, it will likely need thousands of dollars in modification to meet Canadian standards - and some cars are completely inadmissable with or without modification.
The car was probably manufactured in Canada. I was thinking it might already meet many of the standards.
The car was probably manufactured in Canada. I was thinking it might already meet many of the standards.
Even if it was manufactured in Canada, it was manufactured for the US. One small thing is running lights are required in Canada and many US cars don't have them. I happened to buy a car with them but will still have to pay around $500 to have it retrofit as mine can be turned off. One Nissan Maxima I looked at was inadmissable to Canada due to the way the seat belts we constructed.
Another issue is that if you default on your payment the leasing company cannot (or will not) come and get the car in Canada so they will most likely nix the idea of you bringing it here.
Most car salesmen know nothing about importing cars across the border so don't listen to them; call a customs broker, look for the CAD gov't website for admissable cars, check retrofitting prices with dealers in Canada, get something in writing from the leasing company etc. if you don't, you will regret it.
Why are you leasing? Buy a good solid car that meets Canadian standards before you move to Canada. Cars are much cheaper in the U.S. and if you are moving to Canada you will be allowed to import your car duty-free and tax-free as part of the Settlers' Effects exemption. Check the RIV website to see which cars are compliant with Canadian regulations without modification. Leasing is always a bad idea - you end up paying more.
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