Filed by Automated Filing Services Inc. (604) 609-0244 - Carbiz Inc. - Exhibit 10.4










 REAL ESTATE LEASE

 This Lease agreement (this "Lease”) is between D.O. &
  M.G. INVESTMENT, INC. ("Landlord"), CARBIZ AUTO CREDIT, INC. ("Tenant"). The
  parties agree as follows.

 PREMISES. Landlord, in consideration of the lease payments
  provided in this Lease, leases approximately 1000 sq. ft. of office space (the
  "Premises") on approximately 18000 square feet of land located at 2324 Central
  Avenue, St. Peterburg, FL.

 TERM. The lease term will begin November 1, 2004 and
  will continue for five years ending October 31, 2009. An option to renew for
  an additional five year term will be negotiated at the conclusion of the five
  year lease.

 LEASE PAYMENTS. Lease payments in the amount of $2300.00
  plus 7% sales tax ($161.00) a total of $2461.00 per month,, plus a portion
  of the property taxes are to be paid to D.O. & M.G. Investment, Inc. Property
  Taxes attributed to 2324 Central Avenue to be paid by lessee. Estimated property
  taxes are $3,138.59 with adjustments to made in November of each year. Lease
  rate increase of 2% effective for the 4th and 5th years. This Lease is a Net.Net.Net.
  lease to Lessor.

 POSSESSION. Tenant shall be entitled to possession
  on the first day of October, 2004, and shall yield possession to Landlord on
  the last day of the term of this Lease, unless otherwise agreed by both parties
  in writing. At the expiration of the term, Tenant shall remove its goods and
  effects and peaceably yield up the Premises to Landlord in as good a condition
  as when delivered to tenant, ordinary wear and tear excepted.

 USE OF PREMISES. Tenant may use the Premises only for
  normal daily business activities related to USED CAR LOT SALES AND FINANCING.
  The premises may be used for any other purpose only with prior written consent
  of Landlord which shall not be unreasonably withheld. Tenant shall notify Landlord
  of any anticipated extended absence from the premises not later than the first
  day of the extended absence.

 STORAGE. Tenant shall be entitled to store items of
  personal property in the rented space during the term of this Lease. Landlord
  shall not be liable for loss of, or damage to, such stored items.







	LANDLORD: 	D.O. & M.G. INVESTMENT, INC. 
		P.O. Box 7185  
	  	St. Petersburg; FL 33734 
	  	  
	TENANT: 	CARBIZ AUTO CREDIT, INC. 
	  	(CARBIZ U.S.A, INC.) 
	  	7405 Tamiami Trail North 
	  	Sarasota, FL 34243 


Such addresses may be changed from time to time by either Party
  by providing nofice as set forth above. Notices mailed in accordance with the
  above provisions shall be deemed received on the third day after posting.  
    

GOVERNING LAW. This Lease shall be construed in accordance
  with the taws of the State of Florida.       

ENTIRE AGREEMENT/AMENDMENT. This Lease Agreement contains
  the entire agreement of the parties and there are no other promises, conditions,
  understandings or other agreements, whether oral or written, relating to the
  subject matter of this Lease. This Lease may be modified or amended in writing,
  if writing is signed by the party obligated under the amendment.    


SEVERABILITY. If any portion of this Lease shall be
  held to be invalid or unenforceable for any reason, the remaining provisions
  shall continue to be valid and enforceable. If a court finds that any provision
  of this Lease is invalid or unenforceable, but that by limiting such provision,
  it would become valid and enforceable, then such provision shall be deemed to
  be written, construed, and enforced as so limited.




NON-SUFFICIENT FUNDS. Tenant shall be charged $25.00 for
  each check that is returned to Landlord for lack of sufficient funds.

REMODELING OR STRUCTURAL IMPROVEMENTS. Tenant shall have
  the obligation to conduct any construction or remodeling (at Tenant's expense)
  that may be required to use the Premises as specified above. Tenant may also
  construct such fixtures on the Premises (at Tenant's expense) that appropriately
  facilitate its use for such purposes. Such construction shall be undertaken
  and such fixtures may be erected only with the prior written consent of the
  Landlord which shall not be unreasonably withheld.

Tenant shall not install awnings or advertisements on any part
  of the Premises without Landlord's prior written consent. At the and of the
  lease term, Tenant shall be entitled to remove (or at the request of Landlord
  shall remove) such fixtures, and shall restore the Premises to substantially
  the same condition of the Premises at the commencement of this Lease.

Lessor is responsible that any existing structural, electrical,
  or plumbing meats the appropriate building codes and ordinances. Lessor is responsible
  for any needed casts to make the structural, electrical, or plumbing in compliance
  with such building codes and ordinances.

ACCESS BY LANDLORD TO PREMISES. Subject to Tenant's consent
  (which shall not be unreasonably withheld), Landlord shall have the right to
  enter the Premises to make inspections, provide necessary services, or show
  the unit to prospective buyers, mortgages, tenants, or workers. However, Landlord
  does not assume any liability for the care or supervision of the Premises. As
  provided by law, in the case of an emergency, Landlord may enter the Premises
  without Tenant's consent. During the last three months of this Lease, or any
  extension of this Lease, Landlord shall be allowed to









display the usual "To Let" signs and show the Premises to prospective tenants.

 INDEMNITY REGARDING USE OF PREMISES. To the extent
  permitted by law, Tenant agrees to indemnify, hold harmless, and defend Landlord
  from and against any and all losses, claims, liabilities, and expenses, including
  reasonable attorney fees, it any, which Landlord may suffer or incur in connection
  with Tenant's possession, use or misuse of the Premises, except Landlord's act
  or negligence.

 DANGEROUS MATERIALS. Tenant shall not keep or have
  on the Premises any article or thing of a dangerous, flammable, or explosive
  character that might substantially increase the danger of fire on the Premises,
  or that might be considered hazardous by a responsible insurance company, unless
  the prior written consent of Landlord is obtained and proof of adequate insurance
  protection is provided by Tenant to Landlord.

 COMPLIANCE WITH REGULATIONS. Tenant shall promptly
  comply with all laws, ordinances, requirements and regulations of the federal,
  state, county, municipal and other authorities, and the fire insurance underwriters.
  However, Tenant shall not by this provision be required to make alterations
  to the exterior of the building or alterations of a structural nature.

 ARBITRATION. Any controversy or claim relating to this,
  contract, including the construction or application if this contract, will be
  settled by binding arbitration under the rules of the American Arbitration Association,
  and any judgment granted by the arbitrator(s) may be enforced in any court of
  proper jurisdiction.

 ASSIGNABILITY/SUBLETTING. Tenant may not assign or
  sublease any interest in the Premises nor effect a change in the majority ownership
  of the Tenant (from the ownership existing at the inception of this lease),
  nor assign, mortgage or pledge this Lease, without the prior written consent
  of Landlord, which shall riot be unreasonably withheld.

 NOTICE. Notices under this Lease shall not be deemed
  valid unless given or served in writing and forwarded by mail, postage prepaid,
  addressed as follows:










 Lessor shall, at its expense, maintain in good condition and
  repair, the HVAC and mechanical equipment, the roof, foundation, structural
  supports, underground or otherwise.


Lessee shall be responsible far all maintenance to the building, including signage structure, except as mentioned above.










 DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises
  are partially destroyed by fire or other casualty to an extent that prevents
  the conducting of Tenant's use of the Premises in a normal manner, and if the
  damage is reasonably repairable within sixty days after the occurrence of the
  destruction, and if the cost of repair is less than $2.000.00, Landlord
  shall repair the Premises and a just proportion of the lease payments shall
  abate during the period of the repair according to the extent to which the Premises
  have be rendered untenentable. However, if the damage is not repairable within
  sixty days, or if the cost of repair is $2,000.00 or more, or if Landlord
  is prevented from repairing the damage by forces beyond Landlord's control,
  or if the property is condemned, this lease shall terminate upon twenty days'
  written notice of such event or condition by either party and any unearned rent
  paid in advance by Tenant shall be apportioned and refunded to it, Tenant shall
  give Landlord immediate notice of any damage to the Premises.

 DEFAULTS. Tenant shall be in default of this Lease
  if Tenant fails to fulfill any lease obligation or term by which Tenant is bound.
  Subject to any governing provisions of law to the contrary, if Tenant fails
  to cure any financial obligation within 10 days (or any other obligation within
  10 days) after written notice of such default is provided by Landlord to Tenant,
  Landlord may take possession of the Premises without further notice (to the
  extent permitted by law), and without prejudicing Landlord's rights to damages.
  In the alternative, Landlord may elect to cure any default and the cost of such
  action shall be added to Tenant's financial obligations under this Lease. Tenant
  shall pay all costs, damages, and expenses (including reasonable attorney fees
  and expenses) suffered by Landlord by reason of Tenant's defaults. All sums
  of money or charges required to be paid by Tenant under this Lease shall be
  additional rent whether or not such sums or charges are designated as "additional
  rent", The rights provided by this paragraph are cumulative in nature and are
  in addition to any other rights afforded by law.

 HOLDOVER. If Tenant maintains possession of the Premises
  far any period after the termination of the Lease ("Holdover Period"). Tenant
  shall pay to Landlord lease payment(s) during the Holdover Period at a rate
  equal to double the normal payment rate set forth in the Renewal Terms paragraph.

 CUMULATIVE RIGHTS. The rights of the parties under
  this Lease are cumulative and shall not be construed as exclusive unless otherwise
  reauired by law.






ADDENDUM TO LEASE

D.Q. & M.G. Investment, Inc., Landlord agrees to the
following repairs to 2324 Central Avenue, St. Petersburg, FL, agreeable to
Lessee within reasonable cost and time. Repairs to be concluded by October 30th,
2004.

Paint inside of office - 1 coat of white paint 

Repair of roof leak 

Ensure air-conditioning is functioning

New flooring installed - commercial pvc tile as in premise at
pressent

Bathrooms to be more cosmetically appealing




WAIVER. The failure of either party to enforce any provisions
  of this Lease shall not be construed as a waiver or limitation of that party's
  right to subsequently enforce and compel strict compliance with every provision
  of this tease.

BINDING EFFECT. The provisions of this Lease shall be
  binding upon and inure to the benefit of bath parties and their respective legal
  representatives, successors, and assigns.

	LANDLORD: 	 	  	  
	 	 	 	 
	/s/ B. Guliuhaus,
      D.O. & M.G. Investment Inc. 	 	Date: 	9/21/2004 
	 	 	 	 
	 	 	 	 
	TENANT: 	 	  	  
	 	 	 	 
	 	 	 	 
	/s/ Carl Ritter 	 	Date: 	9/22/2004 
	Carl Ritter, C.E.O.