FOR IMMEDIATE RELEASE
July 2009
FINANCEBUSTERS.COM OFFERS CANADIAN CONSUMERS AN EASY ESCAPE FROM LOCKED-IN VEHICLE FINANCING DEALS
LOOKING FOR A BETTER VEHICLE FINANCING DEAL TO TAKE ADVANTAGE OF THE TIMES? FINANCEBUSTERS CAN HELP!
MISSISSAUGA, ON. – Lease Busters Inc. (Leasebusters), Canada's largest and original lease take-over marketplace, is pleased to announce a BRAND NEW concept in vehicle remarketing! FinanceBusters.com helps consumers find someone to take over the balance of their auto finance payments, freeing them to sample the sweet deals automakers are offering today.
As the automobile industry responds to changing economic conditions, financing a vehicle is becoming an ever more popular way for consumers to acquire new vehicles. Consumers already locked into less attractive financing arrangements can't take advantage of the new deals, however, unless they sell their current vehicle and pay the difference in the balance owed - an often costly ordeal. FinanceBusters eases the pain by effectively re-packaging the consumer's current deal to make it appealing to another purchaser. It's a win-win situation that adds liquidity to the entire vehicle transfer process.
Prior to listing at their new, easy to navigate website, FinanceBusters consults a skilled team of industry experts who evaluate each vehicle. The FinanceBusters team then determines what needs to be done to make the deal attractive compared to financing a new vehicle or a comparable used vehicle.
According to Jim Matthews, General Manager and Owner of both Leasebusters and FinanceBusters, "Leasing is and will remain an attractive option but many manufacturers have been structuring their incentive programs in such a way that encourages buyers to finance their vehicles instead." As Canada's lease take-over leader, LeaseBusters is perfectly placed to offer consumers a mechanism that responds to the new economic reality and the ways in which the auto industry is adapting.
"Just as with leased vehicles, these customers will continue to have changing needs within their lives and vehicles will likely to continue to depreciate more rapidly than they can be paid off," says Matthews. "It's an unfortunate reality - people find themselves in a position where they will owe more for their vehicle than its market value at most points within their contractual obligation! With FinanceBusters, consumers will have an effective way to extricate themselves from prior financing arrangements that looked good back then but not so much now."
Consumers will also benefit by LeaseBusters and FinanceBusters being under the same roof. Explains Matthews, "There are certainly some synergies between the clients looking to lease vehicles on LeaseBusters.com and those who feel tempted by the new finance contracts. FinanceBusters will capitalize on those synergies by giving clients the option to look at both scenarios at one place."
At the same time, FinanceBusters' focus on vehicle financing will attract an altogether NEW client base comprised of people who prefer to own their vehicles. These types of buyers may never have looked at lease take-overs as a means to acquire their next vehicle. Between these new clients and existing clients, FinanceBusters will offer vast exposure to people who have entered into finance contracts and need to (or simply want to) put an end to their contract before it is up. Best of all, they can save plenty of money in the process!
For more information (beginning July 2009), visit www.financebusters.com, Canada's newest website for consumers looking to move from their current vehicle financing arrangement to a new, more economical one.
ABOUT LEASEBUSTERS
Founded in 1990, Lease Busters Inc. is considered to be Canada’s lease takeover pioneer. Leasebusters’ mission has always been to offer a service that assisted the general public and business community in both getting out of and getting into existing vehicle leases.
Leasebusters is proud to have created Canada’s only lease takeover marketplace through partnering with the new car dealership community, conducting a successful national advertising campaign and establishing a leading national lease takeover website (www.leasebusters.com) that vastly simplifies the lease transfer process.
For Further media information, or for an interview, please contact:
Nelson Hudes
Hudes Communications International
(905) 660-9155
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