Vehicle Leases California

Before leasing a vehicle, consumers should be aware of how leasing works plus the advantages and disadvantages of leasing compared to buying. To learn about these differences, read the following article.

Local Companies

Penske Truck Rental
(909) 622-6647
2610 N Garey Ave
Pomona, CA
Hertz Corp
(909) 623-5859
1664 E Mission Blvd
Pomona, CA
Dollar
(626) 918-4671
1320 W Francisquito Ave
West Covina, CA
Hertz Penske Truck Rental
(626) 358-3303
800 N Azusa Ave Apt 14
West Covina, CA
U-Haul Company
(626) 964-4959
1555 E Amar Rd
West Covina, CA
Enterprise Rent A Car
(510) 243-2440
3080 Hilltop Mall Rd
Richmond, CA
U-Haul Company
(510) 233-4835
1825 Cutting Blvd
Richmond, CA
U-Haul Company
(925) 978-0216
815 Sunset Dr
Antioch, CA
Avis Rent A Car
(760) 948-3284
15739 Main St
Hesperia, CA
Hertz Penske Truck Rental
(916) 726-1408
7920 Old Auburn Rd
Citrus Heights, CA

Provided by: 

Before leasing a vehicle, consumers should be aware of how leasing works plus the advantages and disadvantages of leasing compared to buying.

Leasing a vehicle is similar to renting a car or truck; you pay for the time that you drive it. Leasing also involves paying for the depreciation a vehicle incurs during the lease period. The depreciation value is based on industry and economy trends, normal wear and tear and the vehicle manufacturers’ reputation for quality.

Leasing companies are subsidiaries of car manufacturers and financial institutions such as banks and credit unions. Auto dealerships act as intermediaries between the leasing customer and the leasing company. The dealership sells the car to the leasing company and sets up the lease agreement with the customer on behalf of the leasing company. After the lease agreement is final, the auto dealership is on longer involved. The customer makes monthly payments to the leasing company.

Generally, leases last for 24 to 48 months and the monthly payments are much lower than car loan payments. However, at the end of the lease, the customer does not own equity in the vehicle. The leasing company actually owns the vehicle, so it is in the company’'s best interest only to lease for the duration of the manufacturers’ warranty. It is also in the customers’ best interest to have full warranty coverage because any mechanical problems will be their responsibility.

To qualify for a lease, customers must have a high credit rating. Leasing companies need to be confident that a leasing customer is financially responsible, since the vehicle is essentially ”loaned” to the customer for a specific period of time.

Some salespeople may claim that leasing a car makes the price non-negotiable; this is not true. In addition to the commission from the car sale, the salesperson also receives a percentage from the leasing company. The auto dealership sets the final price, not the leasing company, so customers should negotiate the price the same way they would to buy.

After the lease has expired, customers can choose the option to buy the vehicle by paying the remaining value plus fees or they can lease a new vehicle. However, if the vehicle’s condition does not meet industry standards for normal wear and tear, the customer may end up paying extra at the end of their lease.

The attractions for consumers to lease a vehicle are low monthly payments and they get a new car or truck every few years. On the other hand, the monthly payments do not result in any equity and some consumers like the idea of eventually owning their vehicle.

References

How Leasing Works. Retrieved October 3, 2006, from LeaseGuide.com Web site:
http://www.leaseguide.com/lease07.htm

Lease vs. Buy. Retrieved October 3, 2006, from LeaseGuide.com Web site:
http://www.leaseguide.com/lease03.htm

What is Leasing?. Retrieved October 3, 2006, from LeaseGuide.com Web site:
http://www.leaseguide.com/lease02.htm

Click to read more from TopTenReviews.com

Featured Local Company

Penske Truck Rental

(909) 622-6647
2610 N Garey Ave
Pomona, CA

Related Articles
- Lease Assumptions California
The following driver’s guide contains information you should know about lease assumptions. Read on to learn how you can get out of your lease early and keep safe, stylish, and happy on the road.
- Leasing 101 California
- Auto Leasing Basics California
- How a loan works California
- Certified Pre-Owned Vehicles California
- Auto Lease Glossary California
- Auto Leasing Pros and Cons California
- Maintenance of a leased car California
- Transportation Lease California
- New Car Leases California
Regional Articles
- Vehicle Leases Adelanto CA
- Vehicle Leases Agoura Hills CA
- Vehicle Leases Alameda CA
- Vehicle Leases Alhambra CA
- Vehicle Leases Aliso Viejo CA
- Vehicle Leases Alpine CA
- Vehicle Leases Altadena CA
- Vehicle Leases Anaheim CA
- Vehicle Leases Antelope CA
- Vehicle Leases Antioch CA
- Vehicle Leases Apple Valley CA
- Vehicle Leases Aptos CA
- Vehicle Leases Arcadia CA
- Vehicle Leases Arcata CA
- Vehicle Leases Arroyo Grande CA
- Vehicle Leases Arvin CA
- Vehicle Leases Atascadero CA
- Vehicle Leases Atwater CA
- Vehicle Leases Auburn CA
- Vehicle Leases Avenal CA
- Vehicle Leases Azusa CA
- Vehicle Leases Bakersfield CA
- Vehicle Leases Baldwin Park CA
- Vehicle Leases Banning CA
- Vehicle Leases Barstow CA
- Vehicle Leases Bell CA
- Vehicle Leases Bellflower CA
- Vehicle Leases Belmont CA
- Vehicle Leases Benicia CA
- Vehicle Leases Berkeley CA
- Vehicle Leases Beverly Hills CA
- Vehicle Leases Bloomington CA
- Vehicle Leases Blythe CA
- Vehicle Leases Bonita CA
- Vehicle Leases Brawley CA
- Vehicle Leases Brea CA
- Vehicle Leases Brentwood CA
- Vehicle Leases Buena Park CA
- Vehicle Leases Burbank CA
- Vehicle Leases Burlingame CA
- Vehicle Leases Calabasas CA
- Vehicle Leases Calexico CA
- Vehicle Leases Camarillo CA
- Vehicle Leases Campbell CA
- Vehicle Leases Canoga Park CA
- Vehicle Leases Canyon Country CA
- Vehicle Leases Carlsbad CA
- Vehicle Leases Carmichael CA
- Vehicle Leases Carpinteria CA
- Vehicle Leases Carson CA
- Vehicle Leases Castaic CA
- Vehicle Leases Castro Valley CA
- Vehicle Leases Cathedral City CA
- Vehicle Leases Ceres CA
- Vehicle Leases Cerritos CA
- Vehicle Leases Chatsworth CA
- Vehicle Leases Chico CA
- Vehicle Leases Chino CA
- Vehicle Leases Chino Hills CA
- Vehicle Leases Chowchilla CA
- Vehicle Leases Chula Vista CA
- Vehicle Leases Citrus Heights CA
- Vehicle Leases Claremont CA
- Vehicle Leases Clovis CA
- Vehicle Leases Coachella CA
- Vehicle Leases Coalinga CA
- Vehicle Leases Colton CA
- Vehicle Leases Compton CA
- Vehicle Leases Concord CA
- Vehicle Leases Corcoran CA
- Vehicle Leases Corona CA
- Vehicle Leases Coronado CA
- Vehicle Leases Costa Mesa CA
- Vehicle Leases Covina CA
- Vehicle Leases Crescent City CA
- Vehicle Leases Culver City CA
- Vehicle Leases Cupertino CA
- Vehicle Leases Cypress CA
- Vehicle Leases Daly City CA
- Vehicle Leases Dana Point CA
- Vehicle Leases Danville CA
- Vehicle Leases Davis CA
- Vehicle Leases Delano CA
- Vehicle Leases Desert Hot Springs CA
- Vehicle Leases Diamond Bar CA
- Vehicle Leases Dinuba CA
- Vehicle Leases Downey CA
- Vehicle Leases Duarte CA
- Vehicle Leases Dublin CA
- Vehicle Leases El Cajon CA
- Vehicle Leases El Centro CA
- Vehicle Leases El Cerrito CA
- Vehicle Leases El Dorado Hills CA
- Vehicle Leases El Monte CA
- Vehicle Leases El Segundo CA
- Vehicle Leases El Sobrante CA
- Vehicle Leases Elk Grove CA
- Vehicle Leases Emeryville CA
- Vehicle Leases Encinitas CA
- Vehicle Leases Encino CA
- Vehicle Leases Escondido CA
- Vehicle Leases Eureka CA
- Vehicle Leases Fair Oaks CA
- Vehicle Leases Fairfield CA
- Vehicle Leases Fallbrook CA
- Vehicle Leases Fillmore CA
- Vehicle Leases Folsom CA
- Vehicle Leases Fontana CA
- Vehicle Leases Fountain Valley CA
- Vehicle Leases Fremont CA
- Vehicle Leases Fresno CA
- Vehicle Leases Fullerton CA
- Vehicle Leases Galt CA
- Vehicle Leases Garden Grove CA
- Vehicle Leases Gardena CA
- Vehicle Leases Gilroy CA
- Vehicle Leases Glendale CA
- Vehicle Leases Glendora CA
- Vehicle Leases Goleta CA
- Vehicle Leases Granada Hills CA
- Vehicle Leases Granite Bay CA
- Vehicle Leases Grass Valley CA
- Vehicle Leases Hacienda Heights CA
- Vehicle Leases Half Moon Bay CA
- Vehicle Leases Hanford CA
- Vehicle Leases Harbor City CA
- Vehicle Leases Hawaiian Gardens CA
- Vehicle Leases Hawthorne CA
- Vehicle Leases Hayward CA
- Vehicle Leases Healdsburg CA
- Vehicle Leases Hemet CA
- Vehicle Leases Hercules CA
- Vehicle Leases Hermosa Beach CA
- Vehicle Leases Hesperia CA
- Vehicle Leases Highland CA
- Vehicle Leases Hollister CA
- Vehicle Leases Huntington Beach CA
- Vehicle Leases Huntington Park CA
- Vehicle Leases Imperial Beach CA
- Vehicle Leases Indio CA
- Vehicle Leases Inglewood CA
- Vehicle Leases Irvine CA
- Vehicle Leases King City CA
- Vehicle Leases La Canada Flintridge CA
- Vehicle Leases La Crescenta CA
- Vehicle Leases La Habra CA
- Vehicle Leases La Jolla CA
- Vehicle Leases La Mesa CA
- Vehicle Leases La Mirada CA
- Vehicle Leases La Palma CA
- Vehicle Leases La Puente CA
- Vehicle Leases La Quinta CA
- Vehicle Leases La Verne CA
- Vehicle Leases Laguna Beach CA
- Vehicle Leases Laguna Hills CA
- Vehicle Leases Laguna Niguel CA
- Vehicle Leases Lake Elsinore CA
- Vehicle Leases Lake Forest CA
- Vehicle Leases Lakeside CA
- Vehicle Leases Lakewood CA
- Vehicle Leases Lamont CA
- Vehicle Leases Lancaster CA
- Vehicle Leases Lawndale CA
- Vehicle Leases Lemon Grove CA
- Vehicle Leases Lemoore CA
- Vehicle Leases Livermore CA
- Vehicle Leases Lodi CA
- Vehicle Leases Loma Linda CA
- Vehicle Leases Lomita CA
- Vehicle Leases Lompoc CA
- Vehicle Leases Long Beach CA
- Vehicle Leases Los Alamitos CA
- Vehicle Leases Los Altos CA
- Vehicle Leases Los Angeles CA
- Vehicle Leases Los Banos CA
- Vehicle Leases Los Gatos CA
- Vehicle Leases Los Osos CA
- Vehicle Leases Lynwood CA
- Vehicle Leases Madera CA
- Vehicle Leases Malibu CA
- Vehicle Leases Manhattan Beach CA
- Vehicle Leases Manteca CA
- Vehicle Leases Marina CA
- Vehicle Leases Marina Del Rey CA
- Vehicle Leases Martinez CA
- Vehicle Leases Marysville CA
- Vehicle Leases Maywood CA
- Vehicle Leases Mckinleyville CA
- Vehicle Leases Menlo Park CA
- Vehicle Leases Merced CA
- Vehicle Leases Mill Valley CA
- Vehicle Leases Millbrae CA
- Vehicle Leases Milpitas CA
- Vehicle Leases Mira Loma CA
- Vehicle Leases Mission Hills CA
- Vehicle Leases Mission Viejo CA
- Vehicle Leases Modesto CA
- Vehicle Leases Monrovia CA
- Vehicle Leases Montclair CA
- Vehicle Leases Montebello CA
- Vehicle Leases Monterey CA
- Vehicle Leases Monterey Park CA
- Vehicle Leases Moorpark CA
- Vehicle Leases Moraga CA
- Vehicle Leases Moreno Valley CA
- Vehicle Leases Morgan Hill CA
- Vehicle Leases Mountain View CA
- Vehicle Leases Murrieta CA
- Vehicle Leases Napa CA
- Vehicle Leases National City CA
- Vehicle Leases Nevada City CA
- Vehicle Leases Newark CA
- Vehicle Leases Newbury Park CA
- Vehicle Leases Newhall CA
- Vehicle Leases Newport Beach CA
- Vehicle Leases Nipomo CA
- Vehicle Leases Norco CA
- Vehicle Leases North Highlands CA
- Vehicle Leases North Hills CA
- Vehicle Leases North Hollywood CA
- Vehicle Leases Northridge CA
- Vehicle Leases Norwalk CA
- Vehicle Leases Novato CA
- Vehicle Leases Oakdale CA
- Vehicle Leases Oakland CA
- Vehicle Leases Oakley CA
- Vehicle Leases Oceanside CA
- Vehicle Leases Ojai CA
- Vehicle Leases Ontario CA
- Vehicle Leases Orange CA
- Vehicle Leases Orangevale CA
- Vehicle Leases Orinda CA
- Vehicle Leases Oroville CA
- Vehicle Leases Oxnard CA
- Vehicle Leases Pacific Grove CA
- Vehicle Leases Pacific Palisades CA
- Vehicle Leases Pacifica CA
- Vehicle Leases Pacoima CA
- Vehicle Leases Palm Desert CA
- Vehicle Leases Palm Springs CA
- Vehicle Leases Palmdale CA
- Vehicle Leases Palo Alto CA
- Vehicle Leases Palos Verdes Peninsula CA
- Vehicle Leases Panorama City CA
- Vehicle Leases Paradise CA
- Vehicle Leases Paramount CA
- Vehicle Leases Pasadena CA
- Vehicle Leases Paso Robles CA
- Vehicle Leases Patterson CA
- Vehicle Leases Perris CA
- Vehicle Leases Petaluma CA
- Vehicle Leases Pico Rivera CA
- Vehicle Leases Pinole CA
- Vehicle Leases Pittsburg CA
- Vehicle Leases Placentia CA
- Vehicle Leases Placerville CA
- Vehicle Leases Pleasant Hill CA
- Vehicle Leases Pleasanton CA
- Vehicle Leases Pomona CA
- Vehicle Leases Port Hueneme CA
- Vehicle Leases Porterville CA
- Vehicle Leases Poway CA
- Vehicle Leases Ramona CA
- Vehicle Leases Rancho Cordova CA
- Vehicle Leases Rancho Cucamonga CA
- Vehicle Leases Rancho Palos Verdes CA
- Vehicle Leases Rancho Santa Margarita CA
- Vehicle Leases Red Bluff CA
- Vehicle Leases Redding CA
- Vehicle Leases Redlands CA
- Vehicle Leases Redondo Beach CA
- Vehicle Leases Redwood City CA
- Vehicle Leases Reedley CA
- Vehicle Leases Reseda CA
- Vehicle Leases Rialto CA
- Vehicle Leases Richmond CA
- Vehicle Leases Ridgecrest CA
- Vehicle Leases Riverbank CA
- Vehicle Leases Riverside CA
- Vehicle Leases Rocklin CA
- Vehicle Leases Rohnert Park CA
- Vehicle Leases Rosamond CA
- Vehicle Leases Rosemead CA
- Vehicle Leases Roseville CA
- Vehicle Leases Rowland Heights CA
- Vehicle Leases Sacramento CA
- Vehicle Leases Salinas CA
- Vehicle Leases San Anselmo CA
- Vehicle Leases San Bernardino CA
- Vehicle Leases San Bruno CA
- Vehicle Leases San Carlos CA
- Vehicle Leases San Clemente CA
- Vehicle Leases San Diego CA
- Vehicle Leases San Dimas CA
- Vehicle Leases San Fernando CA
- Vehicle Leases San Francisco CA
- Vehicle Leases San Gabriel CA
- Vehicle Leases San Jacinto CA
- Vehicle Leases San Jose CA
- Vehicle Leases San Juan Capistrano CA
- Vehicle Leases San Leandro CA
- Vehicle Leases San Lorenzo CA
- Vehicle Leases San Luis Obispo CA
- Vehicle Leases San Marcos CA
- Vehicle Leases San Mateo CA
- Vehicle Leases San Pablo CA
- Vehicle Leases San Pedro CA
- Vehicle Leases San Rafael CA
- Vehicle Leases San Ramon CA
- Vehicle Leases San Ysidro CA
- Vehicle Leases Sanger CA
- Vehicle Leases Santa Ana CA
- Vehicle Leases Santa Barbara CA
- Vehicle Leases Santa Clara CA
- Vehicle Leases Santa Clarita CA
- Vehicle Leases Santa Cruz CA
- Vehicle Leases Santa Fe Springs CA
- Vehicle Leases Santa Maria CA
- Vehicle Leases Santa Monica CA
- Vehicle Leases Santa Paula CA
- Vehicle Leases Santa Rosa CA
- Vehicle Leases Santee CA
- Vehicle Leases Saratoga CA
- Vehicle Leases Scotts Valley CA
- Vehicle Leases Seal Beach CA
- Vehicle Leases Seaside CA
- Vehicle Leases Sebastopol CA
- Vehicle Leases Selma CA
- Vehicle Leases Shafter CA
- Vehicle Leases Sherman Oaks CA
- Vehicle Leases Shingle Springs CA
- Vehicle Leases Simi Valley CA
- Vehicle Leases Sonoma CA
- Vehicle Leases Sonora CA
- Vehicle Leases South El Monte CA
- Vehicle Leases South Gate CA
- Vehicle Leases South Lake Tahoe CA
- Vehicle Leases South Pasadena CA
- Vehicle Leases South San Francisco CA
- Vehicle Leases Spring Valley CA
- Vehicle Leases Stanton CA
- Vehicle Leases Stockton CA
- Vehicle Leases Studio City CA
- Vehicle Leases Suisun City CA
- Vehicle Leases Sun City CA
- Vehicle Leases Sun Valley CA
- Vehicle Leases Sunland CA
- Vehicle Leases Sunnyvale CA
- Vehicle Leases Susanville CA
- Vehicle Leases Sylmar CA
- Vehicle Leases Taft CA
- Vehicle Leases Tarzana CA
- Vehicle Leases Tehachapi CA
- Vehicle Leases Temecula CA
- Vehicle Leases Temple City CA
- Vehicle Leases Thermal CA
- Vehicle Leases Thousand Oaks CA
- Vehicle Leases Torrance CA
- Vehicle Leases Trabuco Canyon CA
- Vehicle Leases Tracy CA
- Vehicle Leases Truckee CA
- Vehicle Leases Tujunga CA
- Vehicle Leases Tulare CA
- Vehicle Leases Turlock CA
- Vehicle Leases Tustin CA
- Vehicle Leases Twentynine Palms CA
- Vehicle Leases Ukiah CA
- Vehicle Leases Union City CA
- Vehicle Leases Upland CA
- Vehicle Leases Vacaville CA
- Vehicle Leases Valencia CA
- Vehicle Leases Vallejo CA
- Vehicle Leases Valley Center CA
- Vehicle Leases Valley Village CA
- Vehicle Leases Van Nuys CA
- Vehicle Leases Venice CA
- Vehicle Leases Ventura CA
- Vehicle Leases Victorville CA
- Vehicle Leases Visalia CA
- Vehicle Leases Vista CA
- Vehicle Leases Walnut CA
- Vehicle Leases Walnut Creek CA
- Vehicle Leases Wasco CA
- Vehicle Leases Watsonville CA
- Vehicle Leases West Covina CA
- Vehicle Leases West Hills CA
- Vehicle Leases West Hollywood CA
- Vehicle Leases West Sacramento CA
- Vehicle Leases Westlake Village CA
- Vehicle Leases Westminster CA
- Vehicle Leases Whittier CA
- Vehicle Leases Wildomar CA
- Vehicle Leases Wilmington CA
- Vehicle Leases Winnetka CA
- Vehicle Leases Woodland CA
- Vehicle Leases Woodland Hills CA
- Vehicle Leases Yorba Linda CA
- Vehicle Leases Yuba City CA
- Vehicle Leases Yucaipa CA
- Vehicle Leases Yucca Valley CA
Related Articles
- Auto Lease Glossary California
If you are planning to lease an automobile, it is important to understand all the terms associated with leasing an automobile. Consult the following glossary of automobile leasing terms before you lease to obtain information on everything from Allowable Mileage to a Term.
- Auto Leasing Pros and Cons California
- Maintenance of a leased car California
- Lease Assumptions California
- Auto Leasing Basics California
- New Car Leases California
- Leasing 101 California
- How a loan works California
- Transportation Lease California
- Certified Pre-Owned Vehicles California

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History