08.02.06

Auto Leasing - More Fee’s for Returning the Lease

Posted in General Leasing, Car Leasing, Buying versus Leasing, Financing, Auto lease swap, Car lease swap at 4:48 pm by LeasingRus

All auto leasing individuals should know that leasing a new car gives you a lower monthly payment than buying that car.
But buyer beware: Make sure you know about all the fees you might have to pay at the end of the lease, that’s if you opt to ride out to the end of your auto lease, or decide to auto lease swap.
Some consumers would be shocked at what they would have to pay if they turned in their auto lease to the dealer or leasing company early - known as auto lease termination. Even though you may have taken good car of the vehicle, returning a car lease early can be a costly experience. As outlined in all lease agreements, the disposition fee can be costly, and doesn’t cover any of the wear and tear you place on your vehicle throughout your lease term. The wear and tear fees alone can run past triple the amount of your disposition fee, and can be quite a sticker shock. This may include any dents, cracked windshields or dings, scratches, etc. So while you think the disposition fee on your auto lease was pricey, ensure you understand what the additional costs would be on the wear and tear.

Do your research a year or two before the end of the auto lease, as you may find an option to break your car lease through an auto lease swap; whereby finding another consumer to transfer the auto lease too and will assume the lease payments and contract.

Whlie auto leasing has its advantages over buying a car, ensure you understand fully the costs associated to the lease agreement upon returning the vehicle. FInd out what you’ll be charged for returning the auto lease early, and at the end of the lease when you terminate the auto lease. Find out the additional costs on wear and tear if you can, or what’s considered normal wear and tear on the vehicle.

Remember, before you opt to auto lease as your preferred form of financing that vehicle, ensure you understand the full scope of the pros and cons of leasing. Download the two ebooks available to consumers to help you make a better and informed descision. 1. 2006 Auto Leasing for Consumers  and 2. Auto Lease Swap - How to Get Out of an Auto Lease Early

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Auto Lease Market May Act As Red Flag for Finance Firms

Posted in General, General Leasing, Articles, Car Leasing at 4:25 pm by LeasingRus

Wallstreet Journal recently plublish a new article on auto leasing as a financing options.
Higher gas prices have curbed people’s appetite for gas-guzzling SUVs in general, says the manager of dealership Platinum Ford in Flushing, N.Y. Even for those still itching to drive big cars, they would rather lease new ones than buy those traded in or coming off leases, thanks to increased leasing promotions and lower maintenance costs of new cars. “I’ve stopped bidding for midsized and large-sized SUVs at auctions,” says the dealer.A growing number of car shoppers choose to lease rather than buy as rising interest rates have …Read more from the Wallstreet Journal.

07.25.06

Posted in General, General Leasing, Articles, Car Leasing, Auto lease, Auto lease swap at 4:39 pm by LeasingRus

Motortorque offers a good overview for consumer options to finance a car. So you´ve decided that you need a new car? Now, what is the right finance option to pay for your new car? There are several payment plans that you can choose from, and depending on your own circumstances, some may be more suitable than others.
Contract Hire / Car Leasing

One of the most popular forms of car finance, the car leasing company buys and owns the car that you have chosen. You then lease the car by paying the agreed monthly instalments over an agreed period of time. This finance method gives a lower monthly payment than a personal loan, allowing you to get a better car for their money. Most people like to lease for a term length that coincides with the length, in months, of the manufacturer´s warranty coverage so that you´re covered if something major goes wrong with your car. At the end of the lease, the customer simply takes the car back to the leasing company. Alternatively, the individual may be able to auto lease swap (sponsor) with another individual during the duration of the lease contract - though check with your leasing company first. Now, more on Motortorque’s auto finance options.

Auto Leasing Company OK’s Rival Takeover

Posted in General Leasing, Articles, Car Leasing, Auto lease at 4:05 pm by LeasingRus

Vehicle leasing company gets nod to buy rival. The Commerce Commission has given the nod for ORIX New Zealand Ltd to buy Truck Leasing Ltd, trading as Esanda FleetPartners.

The commission said it was satisfied that the proposed acquisition would not substantially lessen competition in the national markets for the provision of fleet management services and the provision of fleet auto leasing services.

ORIX New Zealand is a subsidiary of Japanese-owned ORIX Australia Corporation Ltd, which provides vehicle lease and fleet management services in both countries.

Esanda FleetPartners is the trans-Tasman specialist auto lease and fleet management business of ANZ. Truck Leasing Ltd runs the New Zealand operations of Esanda FleetPartners.

07.09.06

What Does World Cup Soccer and Car Leasing Have in Common?

Posted in General, General Leasing at 10:47 am by LeasingRus

We’ll, pretty much nothing, unless you look at any of the big automaker sponsors of the FIFA World Cup. But with all the world cup fever going on around the world, Italy vs. France and Germany vs. Portugal, we bring you this auto leasing break in respect to the world’s most beautiful game.

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