Lease vs Purchase. What's Best For Me?

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Conventional Purchase is how many in America get their vehicles.  The Buying Process generally happens this way:

1. Choose the New or Pre-Owned Vehicle You want.

2. Pick the term you want.  The average finance term for New and Pre-Owned vehicles ithroough end of 2024 n the U.S., is 74.6 months* 

3. Average Down Payment  for a New and Pre-Owned vehicle is $1,951.68. (Note, and + TT&L)

4. The Average Monthly Paymrnt for most 5-7 Passenger Vehicles are now over $1,000.  More for vehicles over $50,000.

4. However avergae time of ownership is 3.73 Years  thais often-times create a disparity between  what you owe on your vehicle and what it's worth. This is commonly called being in a "negative equity position" or most of the time referred to a person that has "Updside Down" and can oftentimes lead to keeping the car longer or putting large amounts of money down to offset the shortages.

Now Let's  Compare a  Lease To A Purchase based on the Time of Ownership & Down Payment you want with your equity position in mind. *Please Note, Leasing IS NOT FOR EVERYONE However  may people find out it fits their buying needs equally or better than a Purrchase.

 Choose the New or Certified Pre-Owned Vehicle You Want. (You Can Lease many but not all Certified Pre- owned.  Some Restrictions Apple.  Click on "Contact Us' for more details.

1. The Bank Determines how much the the vehicle you want is worth for the time you want to keep it.  This is generally 2, 3  or 4 years.

2. You  only pay on the difference of what you purchase the vehocle for + TT& Fees and the value they state in the Lease Contract at the end of the lease.. Please note, like a Purchase , down payment, trade-in equity or inequity , type vehicle and credit can have an affect on yiur payment.

3.At the end or "end of term" of your lease you "Own 3 Options"

a) Like a Purchase, Trade You Vehicle in.  The amount you will owe is predetermined at the time of purchase and is written into your Lease Contract.

b) Like a Purchase, You can continue paying the amount at the term of your Lease of you lease until you apy it off (some rules apply. for mor info click "Contact Us" for more info.

c) Unlike a purchase, you can turn the vehicle in to the Dealer you leased it and pay a $395 Disposal Fee**Please note if you choose this option then you will be subject to mileage limitation that will be determine at the time of the lease,  In addition the bank will allow normal wear and tear. ANything more than normal wear and tear you will be responsible to fix before turning it in**Please click "Contact Us" for more details.

Leasing can allow You to get the Vehicle you want at the payments you can afford and keep it for the time that's right for you while enjoying Payments 20-30% less than a purchase.  

What if I drive alot of miles each year?; What if I want to OWnership? What if I want to add Accessories, Lift Wheels and Tires or more?; WHat If I don't have any money down...Can I lease?; What if I don't have the best credit?; What if I don't see the vehicle I want, Can you find me one?

Find the answer to these Lease Questions and more by clicking the "Lease  Objections"  tab.