quick question about buying out a lease..

[stealth]

Considering buying something on lease busters, never had a lease before, in the buy back amount, is there tax on top of it? And if so, is it 13%?

[User Name]

Yes (if you're in ontario)

Considering buying something on lease busters, never had a lease before, in the buy back amount, is there tax on top of it? And if so, is it 13%?

[MP3_SKY]

You pay whatever the residual value is + any admin the leasing company charges + GST + PST + about $15 for licensing.

You will also need to have a Safety Cert done ~$70 and an E-Test ~$35


Quute from Jeff@TOM



Buyback value is high! Most likely you can buy the same car, year, model, make, km for less $ in the used market.