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Semelhante a Top Leasing Questions Answered by the Experts
Semelhante a Top Leasing Questions Answered by the Experts (20)
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Top Leasing Questions Answered by the Experts
- 1. Top Leasing Questions ANSWERED BY THE EXPERTS All questions and answers are from Quora. Carlease.com
- 2. What numbers are car salesman running when they leave you waiting in a dealership? ● Different car purchase scenarios ● Tax and tag fees ● Alternative monthly payments based on down payments ● The dealership's potential profit/loss scenarios ● Trade-in estimates and valuation ● Different potential car lease scenarios ● Interest rates based on your credit score prior to submitting your credit application Read Full Blog Post Here
- 3. It’s simple: the longer the dealership keeps you there, the more likely they'll wear you down. Anything longer than 5 to 10 minutes may indicate you’re participating in the waiting game
- 4. What are the dirty little secrets of a car dealership? How did you choose the last car you bought? 1. Interest Rate Bumps 2. Monthly Payments 3. Extended Warranties 4. Gap Insurance Coverage Read Full Blog Post Here
- 5. Know Your Credit Score You can potentially avoid an interest rate bump by knowing your credit score and knowing what your score qualifies you to pay.
- 6. What are tips for buying a new car? 1. Find Demo Vehicles 2. Use Manufacturer Special Interest Rates 3. Buy Year-old Models Read Full Blog Post Here
- 7. Interest on Loans Based on Credit Scores If you qualify for special interest rates, you could save thousands of dollars in the long run.
- 8. Do dealerships let you test drive yourself anymore? Read Full Blog Post Here
- 9. Cars Are Sold on the Test Drive If a salesperson lets you go on a test drive by yourself, they’re lazy or do not have the adequate amount of product knowledge to add value. Image from Auto Express.
- 10. How are car dealerships able to sell below invoice if it’s not forged? Read Full Blog Post Here
- 11. Three Ways Dealerships Sale Below Invoice: 1. Incentives 2. Meeting Quotas 3. Demo Vehicles or Service Vehicles The manufacturer’s suggested retail price (MSRP) is often higher than what the dealership pays for the car. The price the dealership pays is the invoice price.
- 12. Why do some say it’s financially bad to lease vs. buy (finance)? Leasing: you pay a monthly payment Financing: you pay a monthly payment Wait a minute. They’re the exact same thing. Not exactly. Let’s look more in detail. Read Full Blog Post Here
- 13. Financing Versus Leasing Comparison Financing: ● You pay a monthly payment. ● The average length of today’s car loans is a little over 5 years. ● It requires an upfront cost of usually 10-20% of the car’s total value. ● You can sell the car at any time, but the loan and financing terms remain until the loan is completely paid off. Leasing: ● The monthly payment is usually less than a monthly finance payment. ● Leasing terms are usually 2-3 years, after which you can loan a different vehicle or buy the leased car. ● SOMETIMES, it requires an upfront cost, but it’s normally less than the down payment for financing a car. ● You can’t sell the car during or after the lease term ends.