FAQs

1. What is leasing exactly?

Leasing is subtracting the future trade value of your vehicle from today's selling price so that you only pay for the time that you actually use the vehicle. This will in turn reduce the monthly payments significantly. Thus, allowing you to drive a much more luxurious car for less. Once you have completed the term of your lease you can return your vehicle or exchange it without being concerned with negative equity.

2. What are the benefits of leasing?

Leasing requires little or no down payment. Payments are generally up to fifty percent lower. Also a great benefit is having the ability to drive a brand new vehicle with the manufacture warranty. Significantly less maintenance cost than a used car.

3. Can I lease any kind of vehicle I want?

Absolutely, you can! Any make, model, color, and options you desire.

4. Can I trade in a vehicle I have on lease?

Sure, if the value of the leased vehicle is higher than what you owe, you can opt to receive a check for the difference. If however, the amount owed is higher (which is often the case) you can turn your vehicle in at the end of the term and walk away.

5. Is leasing tax deductible?

Yes, in most cases a lease is tax deductible and can be written-off. Because every situation is completely different, it is recommended that you consult with your accountant to ensure the best possible case scenario for your individual needs.

Other Services