Why Lease When You Could Buy ?
That’s very simple!!
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Not sure if You understand the Lease Lingo??
Please visit our Lease Glossary
Up Front Costs
Up front costs are the amounts which are due immediately upon entering a lease or purchase agreement. When you lease a vehicle the up front costs are generally less than they are when buying a car.
The up front costs of leasing a vehicle may include:
Security deposit (which is refunded upon termination of the lease agreement)
First month’s payment
Any applicable taxes
Capitalized cost reduction (a one time payment like a down payment but less) Misc.… Read More
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The cost of vehicles is climbing sufficiently that it makes more sense to just lease a car instead. The new technologies and gadgets are much more expensive to replace, and it is ideal if the whole purchase is not on the individual’s shoulders. Additionally, people love to lease for another great reason — they can afford more car by spending less money.
The other great part about an auto lease is that it is not going to stick you with yet another loan. That can be beneficial if you are trying to keep your credit freed up for other big-ticket items, such as buying a home.… Read More
The Advantages Of Leasing Over Buying
Tax Deductions: Provided you are the owner of your business or plan to use the vehicle in the carrying out of business tasks, you will be able to deduct the full amount of lease payments made. This can be done up to the actual percentage of time the car or truck is used for business purposes.
This often represents a very significant savings at year or quarter’s end, particularly when you factor in insurance, fuel and maintenance expenses as well. A purchased vehicle only permits you to deduct depreciation amounts in line with the percentage of actual business usage.… Read More
As a private lease a car may not be the first option that you think of. A fixed monthly payment for your car is very expensive. But is it really? Often we realize actually what the actual costs now of a car. In addition to the purchase price and the possible interest on a loan, there are recurring costs such as insurance, road tax and maintenance. But also costs such as roadside assistance, repairs, damage or replacement of tires.
And if you want to sell the car, the selling price turns out to be much lower than the price at which you bought the car.… Read More
What Are Some Of The Benefits Of A Short Lease?
If you go short lease at some dealers may terms may contains the non-binding term combined with the favorable lease rates. You have temporarily with short lease of a car.
Some dealer leasing program may include benefits on fixed rental periods. They may reward you for it with an appropriate rate. In short, mini lease has the flexibility of a car with all the comforts of a lease to an operating lease.
The short lease monthly rates are on average maybe slightly higher than the traditional lease. With a lease you signed for period of 3 to 5 years, which is beneficial for the monthly payments, but you also limit your flexibility of your fleet.… Read More
With automakers sweetening incentives on new cars and with affordable used cars flooding the market, leasing a used car might not seem to make much sense. But it can be a good deal for a lot of consumers, and it’s gaining interest.
At lease cars are used leasing vehicles used again. This allows grasp advantages as a favorable lease and the car is in stock. Re-use of a company car is a common structure. This is nothing more than the use of a used car. Usually a car that already has spent several months or years in the lease. Today we see rising demand for young occasions.
… Read More
To many, auto leasing seems to have a vocabulary terms of its own. Understanding leasing terms can help you decipher some leasing jargon. Here are a list of some key leasing terms and and their definitions.
Auto Lease Acquisition Fee – A lender charge associated with auto leasing. Charged by the bank to assess the lease. Typically used to cover administrative fees.
Auto Lease – A method of financing a car. Rather than an auto purchase, you essentially rent a car for a predetermined period of time. At the end of the car lease, depending on your car lease agreement, you can return or purchase your car.… Read More
What is an auto lease?
An auto lease is a method by which an automobile may be financed for a specific term between 24-66 months, based on your automotive needs. Leasing allows one to drive a more expensive vehicle for less each month, because the agreement sets aside a residual value of the vehicle for a specific time at a later date.
Payments include a monthly use charge and interest. The monthly use charge compensates the lease bank or leasing finance company for the depreciation the vehicle during the term of your auto lease. The interest is the charge for the use of the lease bank or leasing finance company’s money.… Read More