What you need to expect when leasing a car from Bloomington Ford Lincoln

1
What to Expect When Leasing a Car
http//www.bloomingtonford.com
2
Leasing a Car

• Leasing or purchasing a car is an intensely
  personal decision. Here are two major categories
  of what to expect when you lease a car at your
  local Indianapolis car dealership
• The Benefits of Leasing
• Terms of Leasing

3
Benefits - Variety

• Many car enthusiasts want more than one car for
  the indefinite future. Leasing allows you to
• Experience the joy of trading in your car for a
  new one every three years,
• Afford a more deluxe vehicle than otherwise,
• Decide from almost every make and model.

4
Benefits Electric Cars

• Want to help save the environment? Leasing is a
  great for driving around an electric car.
• You can keep up to date with the latest
  technology!
• Instead of buying and then selling old technology
  years later, you merely return your electric car
  when youre done with it.

5
Benefits Business Owners

• Yet perhaps the greatest benefit to leasing a car
  lies with business owners.
• If you use your leased vehicle for business
  related purposes, you can deduct almost all
  expenses from your taxes.
• Check with your tax advisor or local Bloomington
  dealership for more information.

6
Financials General Knowledge

• When leasing a car, it is important to understand
  the economic details. A few general tips to keep
  in mind
• Leases are easier to obtain with low credit,
• Leases present less out-of-pocket costs,
• With warranties, you have to pay little to no
  maintenance expenses,
• Leases protect from depreciation over time.

7
Financials Initial Payment

• When you first lease a car, the initial payment
  usually includes
• first months payment,
• down payment,
• refundable security deposit,
• and registration fees.

8
Financials Monthly Payment

• Monthly payments account for the cars
  depreciation plus interest and taxes.
• Monthly payments are typically lower than car
  loans
• Average monthly lease payment 418
• Average monthly loan payment 468.

9
Financials - Duration

• The duration of a lease determines how much it
  costs and for how long you posses the car.
• Typical leases last 3 years.
• With most dealers, you can negotiate contract
  length.

10
Financials End of Contract

• What happens when your contract is up and you
  return the car?
• The dealership takes the car back,
• It assesses additional fees such as excessive
  mileage or major depreciation,
• You are free to lease or purchase a new vehicle!