Vehicle Leasing
Leasing Options
Understanding different types of vehicle leases
Closed-End Lease
Fixed monthly payments with mileage limits
Open-End Lease
Flexible terms with residual value risk
Single-Payment Lease
One-time payment for the entire lease term
Subsidized Lease
Manufacturer-subsidized lease programs
Leasing Planning Tips
Expert advice for choosing the right lease
Before You Lease
- • Determine your driving needs and mileage
- • Research lease terms and conditions
- • Compare lease vs. purchase costs
- • Understand mileage limits and penalties
- • Consider lease-end options
- • Factor in insurance and maintenance costs
Smart Leasing Strategies
- • Negotiate the capitalized cost
- • Understand the money factor (interest rate)
- • Know the residual value
- • Plan for lease-end disposition
- • Consider gap insurance
- • Maintain the vehicle properly