TO LEASE OR BUY?
LITTLE KNOWN FACTS ABOUT CAR LEASING:
1. A lease is a finance contract with a large balloon payment, (Residual value). Since this balloon payment is tax free, a lease will save you money
compared to financing. /
2. Lease payments are usually about half of finance payments because the balloon payment lowers your monthly payment just like a down payment would if
you finance; but with a lease, you never have to pay the down payment.
3. At lease end, the balloon payment is intended to be at least $1000 higher than its market value. This difference provides additional savings to you.
LEASING vs HIGH
MILEAGE DRIVERS:
There is NO high mileage penalty. A vehicle's loss of value due to high miles will
always be your loss, whether you lease or buy. Typically, you loose less if you lease.
FOR
CASH BUYERS: Ask RMFA about a "One Pay
Lease."
