Action Can Save You Money

Action carries virtually no inventory and has minimized its overhead costs to maximize the savings to you, the customer.

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Action has access to several low cost financing sources to make sure we can get customers financed at the best rates available. We can arrange for subsidized low rate financing when offered by the manufacturers.

Most importantly, Action has "wholesale" financing lines (also called "in-house money" which can provide you with less expensive financing rates than offered by "retail" financing sources. Action's access to wholesale financing lines can permit Action to give you a better deal than if you have to pay both a dealer and a bank separately (remember that they both need to make a profit from your deal).

You'll benefit from Action's expertise in volume purchasing and special manufacturer discounts available to fleet customers such as Action. Action also offers all retail incentives available from the manufacturers. In addition, Action's excellent purchasing power permits us to locate the exact vehicle you want (not just what is in stock) at fleet prices and pass the savings on to you. Vehicles can usually be located and delivered to you within two or three days.

Action concentrates primarily on vehicle leasing. As a result, its Leasing Consultants are leasing professionals who can provide you with expert advice on the various leasing alternatives available to you. We offer flexible lease terms from 12 months to 60 months (or any period in between) as well as lease to own and "walk away" leases. Together, we can design unique custom lease terms which will meet your specific financial needs and vehicle objectives.

Action specializes in all makes of vehicles. There's no incentive to pressure you into any particular model which may not be your first choice. You can choose any make or model of vehicle (including light trucks and commercial vehicles) without any pressure to choose a specific brand or vehicle in stock (which may not be what you wanted). An Action Leasing Consultant can offer you expert advice on makes models, and manufacturers options including unbiased advice on which vehicle(s) may be best suited for your particular needs and budget while providing superior value.

This large selection of vehicles permits us to identify the exact vehicle which will optimally satisfy your circumstances. Our professional buyers can then locate this vehicle from anywhere in Canada, making your shopping complete and convenient.

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Action offers the strongest dollar available for your existing vehicle. To ensure this, and unlike many traditional car dealers Action shops several buyers, not just its own used vehicle department. The value of your trade-in can be paid to you directly for other purposes or applied against your new vehicle to reduce your monthly payment or future buyout price.

Used Vehicle Leasing

Often times, "almost new" cars and used cars can provide excellent value. These types of vehices can reduce your lease payment, lease term and/or your total cash outlay. Action provides lease financing for used vehicles going back 5 model years. An Action Leasing Consultant can generally locate a quality used vehicle for you including vehicles coming off lease or being traded in which may be exactly what you are looking for.

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Other Services Offered By Action

Action can provide comprehensive protection packages at extremely competetive prices. This includes ( i) Extended Vehicle Warranty; (ii) Rust, Paint & Fabric Protection; and (iii) Life Insurance. These protection packages can either be paid for at the start of the lease or rolled into your lease payment.

Action can also arrange aftermarket accessories such as CD Changers, Bedliners, Toppers Window Tinting and Alarm Systems at wholesale prices (which can be included in your lease payment).

Superior Service And Convenience

Action wants repeat and referral customers - long term customer satisfaction is our top priority. We offer sound finance advice in a friendly environment. We structure leases that make flnancial sense for our customers on very competitive terms. We will go to our customer's home or place of business and will deliver the vehicle where most convenient to our customer. We are not just interested in "moving vehicles".

Leasing from Action can provide you with "one stop shopping".  An Action Leasing Consultant can help identify the right vehicle for you, structure a lease around your financial situation and goals, obtain the vehicle you want on preferred terms, arrange the financing and take care of all related details such as confirming insurance and licensing the vehicle. Further, an Action Leasing Consultant will  be available to assist you throughout your lease including helping you change vehicles early if your needs or circumstances change.

Frequently Asked Questions

The desired term should be based upon personal factors such as: (i) the length of time you like to drive a vehicle before changing, (ii) the kilometres you plan to drive annually; and (iii) the amount you want to spend per month. Generally the shorter the term the higher the monthly payment primarily due to the more rapid depreciation experienced by vehicles in their first year or two and the higher financing costs associated when the vehicle is new. On the other hand longer terms will reduce your flexibility as the lease will be structured around that term (ie. You will be paying the vehicle down more slowly) and may lead to higher maintenance costs.

There are two principle forms of leases: (i) a closed end lease (or net lease) and (ii) an open end lease (or finance lease). In a closed end lease, the lessee is generally able to 'walk away' from the vehicle at the end of the lease subject to a kilometre restriction (usually 24,000 kilometers per year although this can be adjusted to your driving habits) and subject to "normal wear and tear". If the kilometre allowance is exceeded or there is "excess wear and tear" then the lessee is responsibe for the excess.  In an open end lease, the lessee is generally required to guarantee the residual value of the vehicle but in return is able to purchase the vehicle at the residual value. In addition, there is no excess kilometre or excess wear and tear charges.

The future value used is crucial even if you don't intend to purchase the vehicle at the end of the lease. If the lease is properly structured around your driving needs, and in particular, the future value is correctly determined, the difference between the two forms of leases is not significant and the monthly payment should be relatively the same. The biggest temptation for a customer is to be attracted to a very low monthly payment based upon an unrealistically low kilometre allowance and/or an optimistically high guaranteed future value. It is also important to choose a leasing company with a proven track record to ensure they don't improperly apply the excess wear and tear clause if they have guessed wrong on the future value.

At Action Auto Leasing, we do a thorough analysis using several sources when predicting a future value. We also tend to be somewhat cautious in not predicting the upper range of possible values. While this may lead to a slightly higher monthly payment it can greatly enhance your flexibility (including the ability to move to a new vehicle before your existing lease is up if your needs change).

One of the reasons expensive cars may appear so 'inexpensive' is because they are holding their value very well. This will reduce both the amount you pay for the vehicle as well as the associated taxes. Nevertheless, you need to make sure you're aware of all of the facts or 'The Fine Print'. This may include significant down payments of cash (or equivalent trade), or the use of an optimistically high future value as discussed above.

Unless you pay the full purchase price in cash or you have paid off your vehicle, you don't own it. Essentially your bank or finance source "owns" your vehicle. Why not lease it? You have all the benefits of ownership plus the major benefit of reduced payments. If you really want to own it, you can take the cash you save by leasing and apply it towards the purchase option when your lease expires. Chances are you will have the cash well invested and lease another car.

Leasing is ideal for someone who trades often. Most likely you've been getting 48 or even 60 month financing.  When you try to trade out early, you end up having to come up with cash. With lease financing, you simply decide how often you'd like to trade and the lease company calculates ahead of time what the car will be worth and your payments revolve around that. No big cash outlays...  just smart budgeting.

What you're really proud of is your good judgement in automobiles - an attractive well designed highly functional vehicle. Vehicles however, are depreciating assets, worth less with every kilometer you drive. If vehicles were investments, bank vaults would be full of them. If you want to own something, own something that appreciates in value like real estate. Your automobile should provide you with the most pleasure at the least cost and leasing accomplishes that.

Many people are concerned that they will spend the cash savings made available by leasing. However, using a vehicle as a  planned 'savings plan'  is not a good investment decision. A much better forced 'savings plan' is to have a monthty automatic withdrawal from your savings account and invest it into your RRSP or other appreciating investments.

If you put too many kilometres on a vehicle, you can effectively 'drive it into the ground'. This can lead to a greatly reduced resale value. You may also experience periods of unreliabilty and high maintenance costs as the vehicle passes its 'prime'. Alternatively, a shorter term lease (such as 24 or 30 months) can be structured around the kilometres that you plan to drive. This can permit you to return the vehicle before you over depreciate it. It will also ensure that your vehicle never gets too old, unreliable and expensive to keep on the road. Further a properly designed lease will maximize your tax situation and determine up front what the expected cost of driving will be so there are no surprises later on.

Leasing still makes sound financial sense because it leaves  your money free for Income earning investments. Your cash can be invested in appreciating assets instead of a vehicle which just depreciates. A good rule of thumb is to buy appreciating assets and to lease depreciating ones.