Anywho

hi,

Leasing a car in Toronto will reduce the car Insurance? Is it true...I am
planning to lease a car instead of buying a car and pay 300 to 400 dollars
Insurance every month. Any suggestions helpful to me..Thx

Raj

Crazycanuck

In Canada, "leasing" a car means signing a 3-5 year contract. Then at
the end of the contract period you return the car or purchase it for a
certain price. You must have car insurance.



"Renting" a car means renting it on a daily or weekly basis. Much much
more expensive. You need to have your own insurance policy, or you will
have to pay the car rental company $10++ per day for their insurance.



In any case, the insurance has to be paid.