Understand Lease Terms
Going over and understanding lease terms may not be the most important thing to you. When you are out shopping for a new car you must consider all of the expense. Let’s face it, the excitement of a new set of wheels seems to overshadow the details of the cost.
Talking costs is not exciting at all but it is a necessity to understand the financial aspect of leasing a new or used car.
Leasing an automobile is a big financial responsibility and if you ignore the cost, it could end up being a burden rather than something to celebrate. There are benefits to understanding the lease terms prior to signing on the dotted line. You may find it is not as expensive as you think and end up leasing something better or possibly decide that leasing is not the best choice for you, therefore buying a car might be a better option for you.
Keep in mind some of these fees will not be due until you return your car after your lease ends or decide to buy it.
Doc Fee - It is a fee that covers the dealer's cost of processing of the lease, title and registration.
Delivery Fee or Dealer Prep - The cost to have your car delivered to the dealership
Acquisition Fee or Bank Fee - A charge by the lease finance company.
Disposition Fee - When you return your lease this covers the cost to clean and sell the car at the end of the lease.
Mileage - the excessive per mile charge at the end of your lease.
Purchase Option Fees - If you decide to purchase the car after the lease, you’ll pay this fee.
Sales Tax - Down Payments are charged sales tax. Some states may not require this.
Tag, Title, License and Registration Fees - Fees charged by the state and local governments.
Residual Value - Estimated value of the car at the end of the lease.
At Auto Direct, we are trained professionals. No dealing with salespeople. We are specialist who are here to help you decide which option is best for you. Whether you are buying a car or leasing a car in the South Florida area, we will help get you on the road! Check out our latest lease offers!
Auto Direct is an online company that assists consumers to buy or lease a car. No showrooms to visit, no pushy salespeople, we understand how valuable your time is. We do all the work. Not only do we find the perfect payment for you, we deliver your car to your place of business or your home in Miami-Dade, Palm Beach and Broward County too! . Get started today and experience our white glove service by filling out our form or call Auto Direct in Lighthouse Point, FL at (954) 785-8175. You’ll never look at car buying and leasing the same way!