Leasing a Vehicle

IS LEASING RIGHT FOR YOU?

More and more people are discovering the advantages of leasing. Whether it is the appeal of lower montly payments or the opporutnity to drive a new vehicle every few years - many drivers are exploring the possibility of leasing their next car, truck or SUV.

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WHAT IS LEASING?
Leasing is a financing option that allows the customer to pay for what they actually use. The payment is based on the estimated depreciation and cost of borrowing.

BENEFITS OF LEASING
1.  Less money up front:  A lease typically requres less money up front than traditional auto loans.

2.  Protection from potential negative equity:  Avoid the risk that your vehicle's value has declined beyond its projected residual value.

3.  Virtually worry-free driving experience:  Most lease terms are within the factory warranty period* helping you avoid costly repair bills.

4.  Affordable payments with shorter terms:  More bang for your buck. Consider newer models with more options!

5.  Protection from unexpected depreciation:  Newer technology. Fuel prices. Supply and demand. Model changes.

* Ask dealer about your vehicle brand's factory warranty time/mileage expirations. Extended warranty options may be available for purchase.

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WEIGH YOUR OPTIONS.
Don't know if you should lease or buy? Weigh your options and decide if buying or leasing works best for you.
LEASE

Leasing offers affordable payments with shorter terms. This lets you:
> consider vehicles that have more options
> get closer to your desired trade cycle
>have peace of mind since most leased vehicles are within warranty period*

Leasing offers options at the end of your lease.
If the vehicle is worth more than the residual:
> exercise purchase option and keep it
> exercise purchase option and sell it
> apply equity to the next vehicle
If the vehicle is worth less than the residual:
> drop the keys off and walk away** 

*Ask dealer about your vehicle brand's factory warranty time/mileage expirations. Extended warranty options may be available for purchase.
** Subject to excess mileage and wear and use charges, if any.

BUY
Conventional loans typically require longer terms to reach affordable payments.
This could:
> limit your ability to trade into a newer vehicle when you want to
> impact the amount of time it takes to reach an equity position
Conventional loans offer obligations when you trade:
> Assume all of the risk for unexpected depreciation
> Unknown mileage expenses
> Must pay the total cost of using the vehicle regardless of the value being "upside down"

Leasing is a decision that is best decided with solid information about your driving and purchasing habits. Talk with a Sales and Leasing Consultant at Gross Motors to decide if leasing is the right decision for you.


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