Leasing & Financing Purchasing Options for Your Next Luxury Vehicle
Looking to get behind the wheel of one of the best luxury cars available? The experts at Hi Tech Motorcars are ready to advise you on the various purchasing options so you can start enjoying your next Audi, Aston Martin, Bentley, Lotus, Maserati, Porsche, or Rolls-Royce. The Hi Tech Motorcar team has all the information you need to confidently make a decision that best suits your financial and lifestyle needs.
Learn more about our leasing and financing options and take a look at the advantages and disadvantages of each. And don’t forget to check out our latest offers and new vehicle specials!
Leasing with Hi Tech Motorcars
Similar to renting a vehicle for 2 to 3 years, Hi Tech Motorcar locations offer various leasing options that let you decide how long you want to enjoy a particular luxury car. Leasing is a great way to experience a high-tech vehicle without making a long-term commitment, it also allows you to switch to newer models more freely.
Financing with Hi Tech Motorcars
Already have a luxury dream car in mind? Ready to make a long-term investment? Financing is a great way to slowly work towards owning your vehicle while still being able to enjoy it as soon as possible. It also helps you build equity in your vehicle with each payment. Our experts at Hi Tech Motorcars are eager to help you identify the best financing plan personalized to your needs.
Leasing vs Financing
At Hi Tech Motorcars, we know that the decision to lease or finance is greatly dependent on your financial and personal lifestyle. Many customers will base their decision on what the monthly payments are for each option, as well as how long they are planning on driving the luxury vehicle. Below are some ideas of what to consider when choosing between leasing and financing.
End of Lease Process
Leasing with Hi Tech Motorcars grants you several easy options as you approach the end of your lease. You can decide to buy your leased vehicle at the agreed-upon value, or you may decide to switch to another luxury vehicle selection.
The lease-end process typically includes:
- Scheduling your inspection.
- Review and make possible repairs.
- Make an appointment at a dealer.
- Complete a federal odometer/lease termination statement.
- Pay any lease liability fees/charges.
- Pay any additional charges.
Leasing Benefits
- Lower down payment
- Lower monthly payment
- The opportunity to drive a new car every two to three years
- You are able to enjoy the newest technology and features
- Factory warranty to cover major repairs
- Lower overall maintenance cost
- Ability to choose a newer or different model at the end of the lease
- Easier trade-in process
- You can buy your leased luxury car at the agreed-upon residual value, no guesswork is needed to determine the worth of your car.
Leasing Disadvantages
- Mileage limitations.
- There are no alterations allowed
- Wear and tear may end up costing you when you turn in the lease
- Not an asset like a financed car.
Financing Benefits
- A financed vehicle can be an asset once paid off.
- Less stress over the condition of your vehicle
- No limit on mileage
- Full ownership of your vehicle
- Ability to customize and make your vehicle your own
- Can be sold whenever
- Factory warranty to cover major repairs
Financing Disadvantages
- Higher monthly payments.
- Higher down payment.
- Higher repair costs.
- Your vehicle’s depreciation and resale value is unknown.
- While you may be able to estimate your car’s resale value down the road, there are no guarantees. Market influence, reliability data, and your mileage and condition can lead to variation in its expected value.
Leasing & Financing FAQs
In the last six months of your lease, it may be time to consider what you want to do next. Lease end options include turning in your leased car and leasing a new one, purchasing your vehicle for the amount agreed upon in your lease agreement, or simply returning your vehicle to our dealership. If you continue to lease, you may pay more in the long run as you will always have a monthly payment.
When you finance, you will receive your title, lien release, or a letter from us indicating your lien has been released electronically after your final payment has been processed.
If you are planning to drive your vehicle for business purposes, a portion of the car’s depreciation and lease payments can be deducted from your taxes. Check with your tax adviser to learn more about the business vehicle tax deduction.
When you are leasing a car you will pay less for sales tax. When you purchase a car you pay sales tax on the total amount upfront or rolled into your loan. When you lease you pay sales tax only on the portion of the car you finance.
Generally, leases can last between two and three years depending on the vehicle and your terms at signing.
Yes! We offer a single-pay option to help you pay off your vehicle all in one go.
No problem, you can purchase your leased luxury vehicle at any time. You will receive instructions, forms, and a total payoff amount.
If you want more time with your vehicle, contact us to see if you qualify for a lease term extension. You will need to be up to date on your lease payments as well as meet other financial requirements.
Yes, but you may need to pay an early termination charge. This will depend on the vehicle, remaining payments, and overall lease agreement.
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