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Vehicle Leases Louisiana

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

Affordable Rental Cars Inc
(337) 981-1234
4480 Johnston St
Lafayette, LA

Avis Rent A Car
(225) 667-2248
107 Lasalle St
Denham Springs, LA

Enterprise Rent-A-Car
(504) 483-1779
4001 S Carrollton Ave
New Orleans, LA

Lake Charles Airport
(337) 479-2447
500 Airport Blvd
Lake Charles, LA

Enterprise Rent-A-Car
(318) 797-2030
8750 Bus Park Dr
Shreveport, LA

U-Save Auto Rental
(337) 234-3294
1413 Jefferson St
Lafayette, LA

Affordable Rental Cars Inc
(337) 981-7433
4480 Johnston St
Lafayette, LA

Alamo Rent A Car
(504) 469-0532
New Orleans Internat
Kenner, LA

Hertz Rent A Car
(504) 465-1220
4616 Veterans Memorl Blvd
Kenner, LA

Enterprise Rent-A-Car
(337) 546-0202
1230 Laurel Ave
Eunice, LA

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

Read more about Vehicle Leases

- Lease Assumptions Louisiana

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.

- Auto Leasing Pros and Cons Louisiana
- Certified Pre-Owned Vehicles Louisiana
- Maintenance of a leased car Louisiana
- Transportation Lease Louisiana
- Leasing 101 Louisiana
- How a loan works Louisiana
- Auto Lease Glossary Louisiana
- Auto Leasing Basics Louisiana
- New Car Leases Louisiana

Regional Articles

- Vehicle Leases Abbeville LA
- Vehicle Leases Alexandria LA
- Vehicle Leases Baker LA
- Vehicle Leases Bastrop LA
- Vehicle Leases Baton Rouge LA
- Vehicle Leases Bogalusa LA
- Vehicle Leases Bossier City LA
- Vehicle Leases Breaux Bridge LA
- Vehicle Leases Carencro LA
- Vehicle Leases Chalmette LA
- Vehicle Leases Covington LA
- Vehicle Leases Crowley LA
- Vehicle Leases Denham Springs LA
- Vehicle Leases Deridder LA
- Vehicle Leases Eunice LA
- Vehicle Leases Franklinton LA
- Vehicle Leases Gonzales LA
- Vehicle Leases Gretna LA
- Vehicle Leases Hammond LA
- Vehicle Leases Harvey LA
- Vehicle Leases Haughton LA
- Vehicle Leases Houma LA
- Vehicle Leases Jennings LA
- Vehicle Leases Kenner LA
- Vehicle Leases La Place LA
- Vehicle Leases Lafayette LA
- Vehicle Leases Lake Charles LA
- Vehicle Leases Leesville LA
- Vehicle Leases Mandeville LA
- Vehicle Leases Marrero LA
- Vehicle Leases Metairie LA
- Vehicle Leases Minden LA
- Vehicle Leases Monroe LA
- Vehicle Leases Morgan City LA
- Vehicle Leases Natchitoches LA
- Vehicle Leases New Iberia LA
- Vehicle Leases New Orleans LA
- Vehicle Leases Opelousas LA
- Vehicle Leases Pineville LA
- Vehicle Leases Plaquemine LA
- Vehicle Leases Ponchatoula LA
- Vehicle Leases Prairieville LA
- Vehicle Leases Rayne LA
- Vehicle Leases Ruston LA
- Vehicle Leases Saint Martinville LA
- Vehicle Leases Shreveport LA
- Vehicle Leases Slidell LA
- Vehicle Leases Sulphur LA
- Vehicle Leases Thibodaux LA
- Vehicle Leases Ville Platte LA
- Vehicle Leases Walker LA
- Vehicle Leases West Monroe LA
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- Auto Lease Glossary Louisiana

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.

- New Car Leases Louisiana
- How a loan works Louisiana
- Transportation Lease Louisiana
- Auto Leasing Pros and Cons Louisiana
- Auto Leasing Basics Louisiana
- Maintenance of a leased car Louisiana
- Lease Assumptions Louisiana
- Leasing 101 Louisiana
- Certified Pre-Owned Vehicles Louisiana

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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