Are you new to leasing? Have you heard about leasing but
aren't really sure what it is all about? Does leasing sound
complicated and confusing? If you answered yes to any of the
above questions you are similar to most Americans.
Tutorial is the perfect way to familiarize yourself with automobile
leasing. Just spend a few minutes going through our tutorial
and we guarantee that you will have gained a basic understanding of
automobile leasing. After going through the tutorial, if
you have any questions or need any additional information, just give
us a call and our leasing professionals will be glad to help you.
Part 1: What is Leasing? -
Leasing is simply an alternate means of financing property, such as an automobile. When leasing an automobile, the
lessor retains ownership. During the contract, period fixed payments are made and the car is returned on a future
date that is stated in the agreement. At the end of the lease
you are expected to return the vehicle with only a certain amount of
miles and with only normal wear and tear. You will have to pay
for any damage or extra mileage when you turn in the vehicle.
The lessee also has the right to purchase the vehicle for the
residual value at the end of the lease.
Part 2: Who Should Lease?
Leasing offers a wide range of benefits
to a large group of vehicle users. While it may not meet
everyone's wants and needs, you may be surprised how often it is
appropriate for individuals and businesses.
Part 3: Types of Leasing -While leases come in a variety of shapes
and flavors, there are two basic types of leases, closed-end and
open-end. There's a major difference between the two types and
you need to understand this difference before entering into a
Part 4: Should You Lease? -
Although leases offers many
benefits, it is not for everyone.
Leasing can be an expensive
mistake. Before you seriously
consider leasing you need to ask
yourself the questions below. If
you answer yes to most of the
questions, then leasing may offer
benefits to you.
Part 5: Buying Vs. Leasing -
Which is better for me, to
Lease or to Buy my vehicle? It is a question that we hear hundreds of
times a week. The answer is that it depends on your individual
situation. While many people just look at their payments to
try and answer the question, a real analysis depends on a host of
financial and tax issues. We will be glad to generate a custom
lease versus analysis. We
guarantee that you have never seen a more thorough analysis.
Part 6: Benefits -
Automobile leasing can be an attractive
alternative to purchasing for many people, although not for
everyone. Leasing has some disadvantages, so make sure that
you understand all of the benefits and disadvantages of leasing
before making your decision.
Part 7: Taxes and Fees - In car leasing there are miscellaneous
tax, charges ,and fees that the average consumer is unfamiliar with.
To compound this confusion, these can differ by leasing company and
by state, and the same fee can have several different names.
Don't let these fees scare you away from leasing.
Part 8: Lease Contracts-
In order to understand how leasing works,
it will be helpful to get comfortable with what a leasing contract
looks like and become familiar with certain terms. Then with
that knowledge, you'll be ready to negotiate the best deal for your
Part 9: Negotiating the Lease-
If you decide to purchase a vehicle, then
negotiating the deal is pretty simple. You have very few
variables: price of the automobile, and if you are financing, the
interest rate and length of financing. That's pretty much it.
You can shop around, haggle, check out the service records, etc.,
but here's the bottom line. You want the nicest car for the
least amount of money.
Part 10: What Happens at the End - It is never too soon to consider you
lease-end options. If fact, you should fully evaluate the
lease-end options and consequences before you sign your lease
contract. You will have multiple options at the end of the
lease and will need to make the decision that is best for you.
Not being properly prepared can cost you thousands of dollars.
Part 11: How It Works -
Alpha Leasing makes acquiring your
vehicle easy by offering the most comprehensive online automobile
leasing model available. You enter your vehicle information,
compare loan and lease payments, and then you can perform an
in-depth Lease vs. Buy Analysis. Then you can contact us by
phone or email and we will take care of the rest of the process,
from securing the financing, preparing the lease documentation, to
delivering the vehicle anywhere nationwide.
215 S HURSTBOURNE PKWY, SUITE 103 • Louisville, KY
PHONE: 800-800-5327 • fax: (502) 426-2793 • email: