LEASE AND FINANCING OPTIONS
No down payment
- Only money due at inception is the first payment, license fee and a refundable security deposit.
Lower monthly payments
- Only pay for the depreciation of the vehicle and interest.
New vehicle every two, three or four years
- Shorter terms enable you to get a new vehicle more often
No risk at maturity
- Close ended leases mean that the future value of the vehicle is guaranteed and the customer is only responsible for excessive mileage, wear and tear and a disposition fee at the end of the lease.
End of term options
- Purchase vehicle at the residual value.
- You can keep the vehicle or sell it if the residual is lower than the actual market value.
- Finance the balance through a retail installment contract.
- Lease extension - many lenders offer lease extensions up to six months.
- Turn in the vehicle and walk away - only pay a disposition fee.
- Turn in vehicle and purchase or lease a new one.
- Many lenders offer owner loyalty programs for price and fee reductions.
