Leasing Tutorial

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. Read more…

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. Read more…

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 leasing contract. Read more…

Although leases offer 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. Read more…

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. Read more…

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. Read more…

In car leasing, there are miscellaneous taxes, 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. Read more…

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 particular needs. Read more…

If you decide to purchase a vehicle, then negotiating the deal is pretty simple.  You have very few variables: the 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. Read more…

It is never too soon to consider your 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. Read more.