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Leasing is a practical alternative to buying for many
reasons. It’s cost effective, increases your purchasing
power, helps conserve operating capital, provides
flexibility and has many income tax advantages. Unlike
most bank equipment financing, leasing offers fixed
rates so that you always know the true cost of your
equipment for budgeting and cash flow purposes. Large
down payments are not normally required and you can
finance the use of the equipment over its true economic
life rather than some shorter and largely arbitrary term
set by your banker. Through updating your equipment
regularly, you reduce maintenance costs and improve your
corporate image and employee moral.
Leasing is fast and easy. For most deals, your lease
representative can approve and fund your deal in a
matter of minutes. Unlike banks, we may extend equipment
financing for large and small dollar deals without
the need for lengthy credit applications and loan
committee review.
The
following are a few regularly asked questions about
leasing with the answers. We hope this helps you in
your decision. Please call, email or stop in today for
more information.
"I FINANCE MY CARS SO I CAN
EVENTUALLY PAY THEM OFF."
Only 19% of people who get 60 month financing keep their vehicle
long enough to make the 60th payment. If you trade
before you pay off the loan, you have actually leased
the vehicle without enjoying any of the benefits of
leasing or of actually owning your vehicle. You stop
realizing the benefits of ownership, including not
worrying about your mileage and wear-and-tear charges,
when you trade the vehicle in.
"I LIKE TO OWN MY CARS."
If you’re financing your car, the lender really owns it. You’re
likely to trade it in before you actually own it free
and clear with title in hand.
"ISN'T LEASING LIKE RENTING?"
Absolutely NOT. When you rent something, you do not pay anything on
the principle. When you lease, you are actually paying
down the principle and have several options at maturity
date. Many leasers believe that instead of having
nothing to show at the end of the lease, they’ve gotten
the best years from a quickly depreciating asset.
"THERE
ARE TOO MANY FEES AND PENALTIES AT THE END OF THE
LEASE."
There are no disposition fees, early termination fees, turn-in fees,
or purchase options fees with Quality Car & Truck
Leasing.
"AM
I RESPONSIBLE FOR REPAIRS NEEDED WHILE I LEASE THIS
VEHICLE?"
Yes. However, a lease usually ends about the same time as the
warranty, so you probably won’t pay for any repairs, and
you won’t have to worry about whether you’ll get a fair
deal on trade-in.
"IT SOUNDS TOO GOOD TO BE TRUE. WHY DON'T MORE PEOPLE LEASE?"
There are no magic or hidden secrets involved with leasing. Many
people won’t consider leasing because they don’t
understand it or because their parents have never leased
before. With the price of most new vehicles these days,
it’s the most affordable and most intelligent way to
drive a new car. Over 20 employees of Glockner
Enterprises currently lease vehicles and are repeat
customers.
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