That’s really for you to decide, but we think that we have a pretty compelling offer. Think about it . . .
- If you're leasing a car, you might be required to pay thousands of dollars up front, and even then you still need to pay a couple hundred dollars or more per month. Layer on top of that the cost of insurance and ongoing maintenance, not to mention the multi-year commitment . . . breaking a lease early can result in high early termination fees, something that Canvas doesn't have.
- You might also be looking into financing a vehicle. Unless you’re paying for the car upfront in cash, you’ll still likely pay several thousand dollars as a down payment and will then owe regular monthly payments on the car for a fixed length of time. If you need to sell the car earlier than anticipated (or before you pay off the car in full), you run the risk of being "underwater" on your loan. Or it could be worse. On a new car, you could lose a lot of money by selling it quickly due to the heavy depreciation early on.
Month-to-month, all-inclusive, hassle-free driving? We think it’s a good price.