Vehicle Leases North Carolina

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

Hertz Penske Truck Rental
(904) 777-5985
103rd St
Jacksonville, NC
Vanguard Car Rental
(904) 741-4127
2030 Rental Car Ln
Jacksonville, NC
Sears Rent A Car
(704) 366-3383
3620 Sterling Magnolia Ct
Charlotte, NC
Enterprise Rent A Car
(910) 451-7744
Main Exchange Bldg 1231
Camp Lejeune, NC
Penske Truck Rental
(904) 260-5113
10821 Philips Hwy
Jacksonville, NC
Avis Rent A Car
(704) 331-9007
222 E 3rd St
Charlotte, NC
Budget Car & Truck Rental
(704) 567-6202
6721 E Independence Blvd
Charlotte, NC
Ford Rental System
(704) 532-3263
5324 E Independence Blvd
Charlotte, NC
Carolina Rent A Car
(704) 596-6008
6408 N Tryon St
Charlotte, NC
Enterprise Rent-A-Car
(704) 824-4484
4101 E. Franklin Blvd.
Gastonia, NC

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

Hertz Penske Truck Rental

(904) 777-5985
103rd St
Jacksonville, NC
http://www.pensketruckrental.com

Regional Articles
- Vehicle Leases Albemarle NC
- Vehicle Leases Apex NC
- Vehicle Leases Arden NC
- Vehicle Leases Asheboro NC
- Vehicle Leases Asheville NC
- Vehicle Leases Bessemer City NC
- Vehicle Leases Boone NC
- Vehicle Leases Brevard NC
- Vehicle Leases Burlington NC
- Vehicle Leases Camp Lejeune NC
- Vehicle Leases Candler NC
- Vehicle Leases Cary NC
- Vehicle Leases Chapel Hill NC
- Vehicle Leases Charlotte NC
- Vehicle Leases Clayton NC
- Vehicle Leases Clemmons NC
- Vehicle Leases Clinton NC
- Vehicle Leases Concord NC
- Vehicle Leases Conover NC
- Vehicle Leases Dunn NC
- Vehicle Leases Durham NC
- Vehicle Leases Eden NC
- Vehicle Leases Elizabeth City NC
- Vehicle Leases Fayetteville NC
- Vehicle Leases Forest City NC
- Vehicle Leases Fort Bragg NC
- Vehicle Leases Fuquay Varina NC
- Vehicle Leases Garner NC
- Vehicle Leases Gastonia NC
- Vehicle Leases Goldsboro NC
- Vehicle Leases Granite Falls NC
- Vehicle Leases Greensboro NC
- Vehicle Leases Greenville NC
- Vehicle Leases Havelock NC
- Vehicle Leases Henderson NC
- Vehicle Leases Hendersonville NC
- Vehicle Leases Hickory NC
- Vehicle Leases High Point NC
- Vehicle Leases Hillsborough NC
- Vehicle Leases Hope Mills NC
- Vehicle Leases Huntersville NC
- Vehicle Leases Jacksonville NC
- Vehicle Leases Kannapolis NC
- Vehicle Leases Kernersville NC
- Vehicle Leases King NC
- Vehicle Leases Kings Mountain NC
- Vehicle Leases Kinston NC
- Vehicle Leases Knightdale NC
- Vehicle Leases Laurinburg NC
- Vehicle Leases Leland NC
- Vehicle Leases Lenoir NC
- Vehicle Leases Lexington NC
- Vehicle Leases Lillington NC
- Vehicle Leases Lincolnton NC
- Vehicle Leases Louisburg NC
- Vehicle Leases Lumberton NC
- Vehicle Leases Marion NC
- Vehicle Leases Matthews NC
- Vehicle Leases Mebane NC
- Vehicle Leases Mocksville NC
- Vehicle Leases Monroe NC
- Vehicle Leases Mooresville NC
- Vehicle Leases Morganton NC
- Vehicle Leases Mount Airy NC
- Vehicle Leases Mount Olive NC
- Vehicle Leases Murphy NC
- Vehicle Leases New Bern NC
- Vehicle Leases North Wilkesboro NC
- Vehicle Leases Raeford NC
- Vehicle Leases Raleigh NC
- Vehicle Leases Reidsville NC
- Vehicle Leases Roanoke Rapids NC
- Vehicle Leases Rockingham NC
- Vehicle Leases Rocky Mount NC
- Vehicle Leases Roxboro NC
- Vehicle Leases Rutherfordton NC
- Vehicle Leases Salisbury NC
- Vehicle Leases Sanford NC
- Vehicle Leases Shelby NC
- Vehicle Leases Siler City NC
- Vehicle Leases Statesville NC
- Vehicle Leases Tarboro NC
- Vehicle Leases Taylorsville NC
- Vehicle Leases Thomasville NC
- Vehicle Leases Trinity NC
- Vehicle Leases Wake Forest NC
- Vehicle Leases Waxhaw NC
- Vehicle Leases Waynesville NC
- Vehicle Leases Weaverville NC
- Vehicle Leases Wendell NC
- Vehicle Leases Whiteville NC
- Vehicle Leases Williamston NC
- Vehicle Leases Wilmington NC
- Vehicle Leases Wilson NC
- Vehicle Leases Winston Salem NC
- Vehicle Leases Zebulon NC
Related Articles
- Transportation Lease North Carolina
A transportation lease is the lease of a large transportation vehicle, such as a plane, train or large truck. Transportation leases can be very complicated and this site will provide you the information that you need to help with your decision.
- Auto Lease Glossary North Carolina
- Leasing 101 North Carolina
- How a loan works North Carolina
- Auto Leasing Basics North Carolina
- Lease Assumptions North Carolina
- New Car Leases North Carolina
- Certified Pre-Owned Vehicles North Carolina
- Maintenance of a leased car North Carolina
- Auto Leasing Pros and Cons North Carolina

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