Calculating Leasing Vs Financing

LEASING VS FINANCING

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Leasing vs Financing with Hi Tech Motorcars

At Hi Tech Motorcars, we are committed to offering a customer service experience as premium as the vehicles we sell, which is why we will work alongside you to determine if leasing or financing is the best option for you. Review the key differences between leasing and financing, and discover which option will be best for your budget and lifestyle demands. Our team of qualified and knowledgeable finance experts will consider your individual needs and will consider those as we reveal the best options for you. We know you have high standards, and we are eager to exceed those expectations as you get behind the wheel of your dream vehicle. Uncover the benefits and disadvantages of leasing and financing below, and contact our finance center with any inquiries.

Leasing with Hi Tech Motorcars

When you choose to lease a vehicle with Hi Tech Motorcars, you can enjoy a luxury vehicle for two to three years, and then choose from various lease-end options. Leasing is a great opportunity to enjoy the performance, technology, and amenities of a new vehicle every 2 to 3 years, without committing to long-term investment.

Benefits of Leasing

  • Lower down payment
  • Lower monthly payment
  • The opportunity to drive a new vehicle every 2 to 3 years
  • Factory warranty to cover major repairs

Disadvantages of Leasing

  • Mileage limitations
  • You can not customize or alter the vehicle
  • Financial penalties for excess wear and tear
  • Not an asset like a financed vehicle

End of Lease Process

When you lease a vehicle with Hi Tech Motorcars, you can choose from several options when you near your lease maturity date. Choose from buying your leased vehicle, exchanging your current lease for a new vehicle, or simply returning your lease. As you near the end of your lease, the process typically includes:

  • Scheduling an inspection
  • Make any necessary repairs
  • Schedule an appointment at the dealership
  • Complete a federal odometer/lease termination statement
  • Pay any lease liability fees or charges
  • Pay any additional charges

Financing with Hi Tech Motorcars

If you know exactly what vehicle you want, and you are interested in investing, financing at Hi Tech Motorcars is a great option. Financing poses many benefits including the opportunity to build equity with each payment while enjoying the vehicle as soon as possible. When you choose to finance at Hi-Tech Motorcars, our finance experts will work with you to identify the best financing plan for your individual needs.

Financing Benefits

  • An investment opportunity that will become an asset once it is paid off
  • No penalties for the condition of your vehicle
  • No mileage limitations
  • Full ownership of the vehicle
  • Factory warranty to cover major repairs

Finance Disadvantages

  • Higher monthly payments
  • Higher down payment
  • Costlier repair
  • Your vehicle will incur depreciation

Leasing vs Financing FAQs

When you finance a vehicle, you are taking out a loan to aid in purchasing the vehicle. When you lease, you are making payments to the dealership for two to three years, the duration of your lease contract, and will then choose a lease-end option.

  • Lower down payment
  • Lower monthly payment
  • The opportunity to drive a new vehicle every 2 to 3 years
  • Factory warranty to cover major repairs
  • Mileage limitations
  • You can not customize or alter the vehicle
  • Financial penalties for excess wear and tear
  • Not an asset like a financed vehicle

Lease contracts with Hi Tech Motorcars typically last from two to three years.

At the end of your lease, you can choose from buying your leased vehicle, returning your current vehicle for a new lease, or simply returning your vehicle and walking away.

  • An investment opportunity that will become an asset once it is paid off
  • No penalties for the condition of your vehicle
  • No mileage limitations
  • Full ownership of the vehicle
  • Factory warranty to cover major repairs
  • Higher monthly payments
  • Higher down payment
  • Costlier repair
  • Your vehicle will incur depreciation

Finance contracts usually last from 48 to 72 months.

Yes, if you decide to turn your leased vehicle in early you may need to pay a termination fee. This depends on the remaining payments and the lease agreement.

Get directions to one of our locations:
Hi Tech Motorcars 30.438699283118716, -97.77626830355119.