{"id":510,"date":"2018-12-11T13:16:37","date_gmt":"2018-12-11T18:16:37","guid":{"rendered":"https:\/\/articles.carcostcanada.com\/?p=510"},"modified":"2025-03-06T16:03:41","modified_gmt":"2025-03-06T21:03:41","slug":"leasing-and-winter-tires-why-the-two-go-hand-in-hand","status":"publish","type":"post","link":"https:\/\/articles.carcostcanada.com\/leasing-and-winter-tires-why-the-two-go-hand-in-hand\/","title":{"rendered":"Leasing and Winter Tires: Why The Two Go Hand-In-Hand"},"content":{"rendered":"

It is both interesting and perplexing why the new car automakers have not become heavily involved in a new car winter tire package on the vehicles designated for sale in Canada. \u00a0The leasing community which represents the majority of premium and sporty brands of the new vehicles sold in Canada<\/a> are in need of some innovative and creative solutions regarding winter tires and vehicle leasing.<\/span><\/p>\n

It is no secret that Canadian weather patterns consist of several months of snowstorms, cold temperatures and snow-packed roads (perhaps parts of southern BC and Vancouver Island could be exempt from this winter statement but let\u2019s agree that Canada is a distinct winter country). \u00a0It\u2019s also very evident that the tires installed on the vast majority of new vehicles sold in Canada would be considered \u201csummer\u201d or \u201csport\u201d tires despite the \u201call season\u201d moniker that many tires have. In other words, the OEM tires that new cars are delivered with are not very effective in the snow, ice, and temperatures below 5 degrees C.<\/span><\/p>\n

Jim Matthews, President of LeaseBusters stated, \u201cI can\u2019t speak for all new car buyers but I can certainly relay my experience with customers who take over leases. \u00a0The vast majority of lease transfer \u2018Buyers\u2019 want winter tires and actually try to negotiate incentives based on their desire for these tires, especially during the winter months\u201d. \u00a0Matthews went on to say that, \u201cwinter tires are not only a fantastic safety feature for vehicles, they\u2019re also a strategically sound lease investment since most original sets of tires will not survive the full term of the lease whereas a set of summer and a set of winter tires should last the full term of most leases\u201d.<\/span><\/p>\n

Here\u2019s where the automakers and their dealership network can become trendsetters in the leasing community. \u00a0Automakers can use their extensive buying power to acquire above average grade winter tires, steel wheels or an upgraded alloy wheel that dealers can order as an optional feature for their vehicles. \u00a0OEM\u2019s can also make these features a dealer installed items that can be ordered through the dealership\u2019s parts department. Factory leasing companies can now authorize winter tire and wheel packages to become part of the new vehicle and thus be eligible to be part of a factory lease package (i.e. part of the MSRP, the residual value and the lease payment).<\/span><\/p>\n

Winter tire and wheel packages should be part of leases but alas, after researching several OEM dealerships, not one automaker offers this factory option however until that happens, many dealerships offer winter tire packages through their financial services office at the time of sale. \u00a0This offer allows leasing customers to add a winter tire and wheel package to their lease payment and be protected throughout the term of the lease. As mentioned, this option will allow both sets of tires to survive the term of the lease and the package can be amortized for the full term of the lease using factory subsidized interest rates. \u00a0This is not a perfect solution but it is much better than customers scrambling to find their tire size in stock in mid-to-late November and paying a premium for winter tires.<\/span><\/p>\n

Other significant advantages to the OEM solution winter tire package solution indicated by Matthews: \u00a0\u201cHaving winter tires as a factory option converts this option as relevant throughout the spring and summer market (when customers aren\u2019t thinking about the winter) and as importantly, it makes the lease more attractive in the lease-take-over marketplace and lastly, the winter tires can also be insured through the end of lease excess wear and tear protection that can be purchased at the lease\u2019s inception\u201d.<\/span><\/p>\n

In the end, winter tire and wheel packages should become a mainstream factory option for all new cars sold in Canada. \u00a0It saves lives, lowers insurance rates, and reduces driver anxieties during winter driving; all pretty darn good reasons for the automakers to consider or reconsider this initiative.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

It is both interesting and perplexing why the new car automakers have not become heavily involved in a new car winter tire package on the vehicles designated for sale in Canada. \u00a0The leasing community which represents the majority of premium and sporty brands of the new vehicles sold in Canada are in need of some […]<\/p>\n","protected":false},"author":1,"featured_media":513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[1],"tags":[26,18,28,4],"class_list":["post-510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-carcostcanada","tag-best-new-car-deals-canada","tag-car-deals-canada","tag-leasing-vehicles","tag-new-car-deals-canada"],"_links":{"self":[{"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/posts\/510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/comments?post=510"}],"version-history":[{"count":2,"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/posts\/510\/revisions"}],"predecessor-version":[{"id":514,"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/posts\/510\/revisions\/514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/media\/513"}],"wp:attachment":[{"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/media?parent=510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/categories?post=510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.carcostcanada.com\/wp-json\/wp\/v2\/tags?post=510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}