| Who does the Vehicle belong to? |
You will own the vehicle once paid in full. |
Leasing is more or less a long term rental. |
| Which option requires more money Up-Front? |
You can anticipate HIGHER Up-Front costs. This includes a large down
payment, plus taxes, registration, and added fees.
|
You can anticipate LOWER Up-Front Costs. This includes the
first-month's payment, a security deposit, a down payment, taxes,
registration, and added fees.
|
| What would my monthly payments look like? |
Monthly payments are generally much HIGHER because the cost includes
the ENTIRE purchase price plus the added interest, financing
charges, taxes, and other fees.
|
Monthly payments are generally much LOWER because it ONLY includes
the value for the period of time the vehicle is leased, plus any
interest, financing charges, taxes, and other fees.
|
|
What if I want to Trade-in or upgrade Early?
|
As a buyer, it's your vehicle to sell or trade-in as you see fit. No
worry on your end.
|
We don't recommend returning your vehicle early. Early Termination
fees can often equal the cost of maintaining your original lease
agreement.
|
| Do I need to return the vehicle? |
NO, it is your vehicle to sell or trade-in as you see fit. |
YES, you will return the vehicle and pay any closing costs. At this
time, you may purchase the vehicle or lease an entirely new one.
|
| Does my car hold future value? |
Though you do own the vehicle, its value only goes down over time.
|
As a lessee, you'll always be driving the latest model. No need to
worry about its future value.
|
| Does my mileage matter? |
You're free to drive as many miles as you like. |
There is set mileage limit per year. You will be charged for
exceeding said limit.
|
| What is Excessive Wear and Tear? |
Not a big concern, but it may affect your vehicle's resale value.
|
You may be charged additional fees if your vehicle is beyond normal
wear and tear. Its best to find out from the dealership what they
consider typical wear and tear.
|
|
What happens at the end of my financing term?
|
Your payments are done, which means NO MORE monthly payments.
|
Ask yourself, do you want to extend your lease, buy the car, or
lease a new vehicle?
|
| Can I customize my car? |
It is yours to customize. |
No, the lessor wants the vehicle in a sellable condition upon
return.
|
| SUMMARY: |
Buying a vehicle gives you the power to drive what's yours without
worry or concern about the mileage limit.
|
Leasing a vehicle provides you with the newest vehicles at a
fraction of the cost. And when it's time, you can easily return your
vehicle without worry.
|
