Auto Leasing for Alumni

TRENT CONTENTS Editorial Proposed Change, Change ... and Debate From the Board Chair Association President's Message The MacAdam Award The Treadwell Scholarship President's Page Letters to the Editor Topping the Competitive Recruitment Environment Alumni Bursary Awards 1999 Geography Alumni Panel Trent Rugby, Loud and Proud 35th Anniversary Snapshots An International Flavour The Interactive Learning Centre Auto Leasing for Alumni Profile of a Volunteer: Roy O'Brien '75 Reunion Photo Collage Alumni Back on Campus Chapter News and Images A Bridge to the Future "How To" series ­ Toronto realtor Mary Crawford '82 Collections and Obsessions : Jim Doran's Various Vinyl Alumni Special Students Project Golf Tournament Sunshine Sketches In Memoriam

Trent University Alumni Association, in partnership with Alex Irvine Leasing is pleased to introduce a new Canada-wide automobile lease program. The Value Lease Program is designed to produce relationships that focus on understanding and satisfying customers needs and providing solutions that address their unique preferences. Recognizing the role individual customers have, not only as purchasers, but also as active participants in defining the value they want is the key to its success. With the Value Lease Program, the customers help provide the benefits they desire. Value is therefore created with customers, not for them. Lease or Buy? Which is Better? The monthly cost of leasing is always less than the cost of buying. For the same car, same price, same term and the same down payment, monthly lease payments will always be 30%-40% lower than loans payments. That's a fact! The short-term cost of leasing is about the same as the cost of buying. The total cost of leasing compared to buying, over the same lease/loan term, is approximately the same, more or less, assuming you sell your vehicle at the end of the loan. Comparison sometimes show buying costs a little less given that there are fewer fees and assuming that the purchased vehicle will return full market value if sold or traded (often a bad assumption). However, if you factor in the benefits of wisely investing your monthly lease savings, the gross cost of leasing can easily be less than buying. The long-term cost of leasing is more than the cost of buying, assuming the buyer keeps his/her vehicle. If a buyer keeps his car after his loan has been paid off and drives it for many more years, he spreads the cost over a longer term. If long-term financial benefit is your only interest in acquiring a new vehicle, you might choose to buy, and keep the vehicle for years. Benefits of Auto Leasing Lower Monthly Payments Because you're only paying for the portion of the car or truck that you actually use, your monthly payments are 30%-40% lower than for a purchase loan of the same term. More Car, More Often Since our monthly lease payments are lower, you'll be able to get more car for your money and drive a brand new car every two to four years, depending on the length of your leases. Fewer Maintenance Headaches Most people like to lease for a term that coincides with the length of the manufacturer's warranty so that if something major goes wrong with their car, it's always covered. Lower Up-Front Cash Outlay Most leases require little or no down payment, which makes getting into a new car more affordable and frees up your cash for other things. Lower Tax Bite You only pay sales tax on your monthly lease payments, instead of the entire value of the vehicle. No Used-Car Hassles With leasing, the headaches involved in selling a used car are eliminated. When your lease ends, you have the option to purchase the vehicle or return it to the leasing company who will assist in the disposal on your behalf. For a detailed description of the Trent Alumni Lease Program check out our website http://www.trentu.ca/alumni/services/lease.html

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