Here you will find answers to most of your questions regarding a personal lease. If you do not find the answer here please call 817.774.6136 or email Negative equity keeping you from trading? We have had to become very resourceful and diligent to specialize for people in this popular predicament. We have many used cars that are much more valuable than what we will sell them for. We can use that "excess value gap" to pay off negative equity in your trade. We also have many models of new cars and trucks that we buy for $4,000 - $10,000 dollars back of dealer monroni sticker (retail) and that money can be used to eat up negative equity. Give us a shout and we will value your vehicle by phone and determine the best way to help you absorb the negative equity without you having to come up with "out of pocket" money to cover it yourself.

Bad or Marginal Credit? Don't be embarrassed and do not let someone take advantage of you because you may have negative credit issues. In these times of company cutbacks, corporate outsourcing, record breaking bankruptsy's and overzealous credit limits, many of us have been touched by bad credit scores. We are proud to have your business and will work hard to utilize one of our many credit lenders to find a reasonable and dignified approach to your needs.

Leasing is very easy to understand. We realize your friends tell you to "beware" because they have heard stories about someone having to pay thousands of dollars to get out of a lease. Of course, the same is true with purchases. How many times have you heard someone had to come up with thousands of dollars to trade, because their vehicle simply wasn't worth wholesale what the consumer owed on it? It all comes down to simple integrity and lack of greed. Many salespeople base every sale on what they can get the customer to pay at that moment, (with little regard for repeat sales.) We are not going to let that happen to you because we structure the lease with guaranteed residuals (future values) and do not "tweak" them, to give you the sense you are paying a very low payment only to find out later you will owe thousands when you trade.

Mileage restrictions: This is the biggest objection we hear. Let us pose a question to you? What is the first question a car dealer asks you when you go to trade in your car? Our guess is he'll ask you, "how many miles do you have on your trade?" Whether you lease or purchase, a dealer adds or detracts to the value of your trade vehicle based on the mileage. We all get penalized whether we lease or purchase. The advantage to leasing is we can estimate the miles you will put on your vehicle(s) and adjust the residual (guaranteed future value) to compensate for it. That way there is no surprises and certainly...no mileage penalties after you drive the car. With a lease you drive away in a new car without having to produce a nickel for the miles you put on the car. With a purchase you have to either pay the difference in cash or refinance the overage on your new purchase further perpetuating your cycle of excess mileage and probably putting yourself in a position where you cannot trade again without tens of thousands of dollars in up front cash or being stuck in your car until it's paid for and only worth a few thousand if that?. It's a terrible circle and we see it all the time.

I don't own anything: Another totally untrue objection. People tend to associate auto leasing with leasing a home. They are complete opposites. A home lease is a rental. An auto lease is not a rental, it's insurance if you change your mind. The average American trades vehicles every 3-4 years. However, the average loan term is 5-7 years. Most people pick a financing package which gives them the lowest payment possible for their vehicle. This means they build little equity and when they trade in 3 or 4 years (which we all do) they find out their vehicle has devaluated 60-75% from it's original purchase price. Now, in order for them to get out of that vehicle, they have to pay the difference in what it's worth and what they owe. On the average this is at least $4,000 dollars but on higher end vehicles this can be tens of thousands of dollars. These are the people telling you they'll never buy a car they can't pay cash for. They feel ripped off and rightfully so. Inevitably they end up trading anyway and refinancing the overage or paying it out of pocket. It's very sad but a reality of the car business. With a correctly structured lease, you just hand over the keys and drive away in a new car without spending any more money. And if in fact you decide to drive the tires off "Old Betsy", you just finance her for the guaranteed value at lease termination and drive away not having to pay MORE than the car is worth. If house leases were like auto leases, there would be a lot fewer bankruptsy's.

For more information and honest answers contact one of our professionals at 817.774.6136 or email us here.